Arizona State Retirement System increased its position in NRG Energy, Inc. (NYSE:NRG) by 0.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 78,200 shares of the utilities provider’s stock after buying an additional 200 shares during the period. Arizona State Retirement System’s holdings in NRG Energy were worth $1,462,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the company. Contravisory Investment Management Inc. acquired a new stake in NRG Energy during the first quarter valued at approximately $281,000. Acadian Asset Management LLC acquired a new stake in NRG Energy during the first quarter valued at approximately $241,000. Quadrature Capital Ltd acquired a new stake in NRG Energy during the fourth quarter valued at approximately $1,036,000. Eqis Capital Management Inc. acquired a new stake in NRG Energy during the first quarter valued at approximately $369,000. Finally, Atria Investments LLC acquired a new stake in NRG Energy during the first quarter valued at approximately $608,000. Institutional investors own 93.47% of the company’s stock.
NRG Energy, Inc. (NRG) traded down 1.9717% during trading on Tuesday, hitting $16.6158. The stock had a trading volume of 1,038,932 shares. The company has a 50-day moving average of $15.97 and a 200 day moving average of $16.00. NRG Energy, Inc. has a 52-week low of $9.84 and a 52-week high of $19.07. The firm’s market cap is $5.25 billion.
NRG Energy (NYSE:NRG) last issued its quarterly earnings data on Tuesday, May 2nd. The utilities provider reported ($0.52) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.41) by $0.11. The firm had revenue of $2.76 billion during the quarter, compared to analyst estimates of $3.29 billion. NRG Energy had a positive return on equity of 7.01% and a negative net margin of 7.81%. On average, equities research analysts predict that NRG Energy, Inc. will post $0.60 earnings per share for the current fiscal year.
A number of equities research analysts have commented on the company. ValuEngine cut NRG Energy from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research upgraded NRG Energy from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Wednesday, April 12th. Deutsche Bank AG dropped their target price on NRG Energy from $29.00 to $26.00 and set a “buy” rating on the stock in a report on Tuesday, April 11th. Williams Capital assumed coverage on NRG Energy in a report on Thursday, June 1st. They set a “buy” rating and a $20.00 price target on the stock. Finally, Barclays PLC reiterated an “overweight” rating and set a $20.00 price target (up from $19.00) on shares of NRG Energy in a report on Sunday, April 23rd. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. NRG Energy presently has an average rating of “Buy” and a consensus target price of $20.43.
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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