Cypress Capital Group acquired a new position in NRG Energy, Inc. (NYSE:NRG) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 14,819 shares of the utilities provider’s stock, valued at approximately $255,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in NRG. Fieldpoint Private Securities LLC bought a new position in NRG Energy during the second quarter valued at approximately $112,000. Ameritas Investment Partners Inc. bought a new position in NRG Energy during the first quarter valued at approximately $141,000. Campbell & CO Investment Adviser LLC bought a new position in NRG Energy during the second quarter valued at approximately $186,000. Edmond DE Rothschild Holding S.A. bought a new position in NRG Energy during the first quarter valued at approximately $194,000. Finally, Thrivent Financial For Lutherans boosted its stake in NRG Energy by 4.4% during the second quarter. Thrivent Financial For Lutherans now owns 12,070 shares of the utilities provider’s stock valued at $208,000 after buying an additional 510 shares during the last quarter. 91.64% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts recently commented on the company. BidaskClub raised NRG Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, August 16th. ValuEngine raised NRG Energy from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 6th. Zacks Investment Research raised 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 reissued an “overweight” rating and set 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 investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $22.25.
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NRG Energy, Inc. (NRG) traded down 0.51% during midday trading on Friday, hitting $25.55. The stock had a trading volume of 1,393,343 shares. The company’s market cap is $8.09 billion. NRG Energy, Inc. has a 12-month low of $9.84 and a 12-month high of $26.25. The firm has a 50-day moving average of $24.64 and a 200-day moving average of $20.49.
NRG Energy (NYSE:NRG) last released its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.31. NRG Energy had a positive return on equity of 12.38% and a negative net margin of 10.67%. The firm had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $3.19 billion. During the same period in the prior year, the firm posted ($0.61) earnings per share. The firm’s quarterly revenue was up 20.2% on a year-over-year basis. Equities research analysts forecast that NRG Energy, Inc. will post $0.45 EPS for the current year.
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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