ProShare Advisors LLC Sells 643 Shares of NRG Energy, Inc. (NRG)
ProShare Advisors LLC decreased its holdings in NRG Energy, Inc. (NYSE:NRG) by 2.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,574 shares of the utilities provider’s stock after selling 643 shares during the quarter. ProShare Advisors LLC’s holdings in NRG Energy were worth $509,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of NRG. Ameritas Investment Partners Inc. purchased a new position in NRG Energy in the first quarter worth approximately $141,000. Ballentine Partners LLC purchased a new position in NRG Energy in the second quarter worth approximately $209,000. Edmond DE Rothschild Holding S.A. purchased a new position in NRG Energy in the first quarter worth approximately $194,000. Campbell & CO Investment Adviser LLC purchased a new position in NRG Energy in the second quarter worth approximately $186,000. Finally, Thrivent Financial For Lutherans lifted its stake in NRG Energy by 5.9% in the first quarter. Thrivent Financial For Lutherans now owns 11,560 shares of the utilities provider’s stock worth $216,000 after acquiring an additional 640 shares during the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.
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Shares of NRG Energy, Inc. (NYSE NRG) opened at 25.57 on Friday. The firm’s 50-day moving average is $24.64 and its 200-day moving average is $20.23. NRG Energy, Inc. has a 12-month low of $9.84 and a 12-month high of $26.25. The firm’s market cap is $8.09 billion.
NRG Energy (NYSE:NRG) last released its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.31. The firm had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $3.19 billion. NRG Energy had a positive return on equity of 12.38% and a negative net margin of 10.67%. NRG Energy’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.61) EPS. Equities analysts expect that NRG Energy, Inc. will post $0.34 earnings per share for the current fiscal year.
A number of brokerages recently issued reports on NRG. BidaskClub upgraded shares of NRG Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, August 16th. ValuEngine upgraded shares of NRG Energy from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 6th. Zacks Investment Research upgraded shares of NRG Energy from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research note on Tuesday, July 11th. Finally, Barclays PLC reiterated an “overweight” rating and issued a $27.00 price target on shares of NRG Energy in a research note on Thursday, July 13th. They noted that the move was a valuation call. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $22.25.
About NRG Energy
NRG Energy, Inc (NRG) is an integrated power company. The Company is engaged in producing, selling and delivering electricity and related products and services in various markets in the United States. The Company’s segments include Generation, Retail, Renewables, NRG Yield, Inc (NRG Yield) and Corporate activities.
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