NRG Energy, Inc. (NRG) Shares Bought by BlueMountain Capital Management LLC
BlueMountain Capital Management LLC grew its holdings in NRG Energy, Inc. (NYSE:NRG) by 367.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 118,403 shares of the utilities provider’s stock after purchasing an additional 93,078 shares during the quarter. BlueMountain Capital Management LLC’s holdings in NRG Energy were worth $2,039,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of NRG. BlackRock Inc. grew its position in shares of NRG Energy by 5,026.6% in the first quarter. BlackRock Inc. now owns 19,983,017 shares of the utilities provider’s stock valued at $373,684,000 after purchasing an additional 19,593,226 shares during the last quarter. Elliott Management Corp grew its position in shares of NRG Energy by 313.1% in the first quarter. Elliott Management Corp now owns 18,073,606 shares of the utilities provider’s stock valued at $337,976,000 after purchasing an additional 13,698,367 shares during the last quarter. Brahman Capital Corp. acquired a new stake in shares of NRG Energy in the first quarter valued at about $186,827,000. FMR LLC grew its position in shares of NRG Energy by 449.8% in the first quarter. FMR LLC now owns 6,986,918 shares of the utilities provider’s stock valued at $130,656,000 after purchasing an additional 5,716,029 shares during the last quarter. Finally, Permian Investment Partners LP acquired a new stake in shares of NRG Energy in the first quarter valued at about $73,546,000. 91.64% of the stock is currently owned by institutional investors.
Several equities research analysts have recently issued reports on the company. UBS AG raised NRG Energy from a “neutral” rating to a “buy” rating and raised their price target for the company from $19.00 to $20.00 in a research report on Thursday, June 1st. BidaskClub raised NRG Energy from a “hold” rating to a “buy” rating in a research report 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 target price for the company in a research note on Tuesday, July 11th. Finally, Barclays PLC reiterated an “overweight” rating and issued a $27.00 target price on shares of NRG Energy in a research note on Thursday, July 13th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $22.25.
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Shares of NRG Energy, Inc. (NYSE:NRG) opened at 23.84 on Tuesday. The company has a 50 day moving average of $24.59 and a 200 day moving average of $19.58. NRG Energy, Inc. has a 1-year low of $9.84 and a 1-year high of $26.25. The company’s market cap is $7.54 billion.
NRG Energy (NYSE:NRG) last announced its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.31. NRG Energy had a negative net margin of 10.67% and a positive return on equity of 12.38%. The business had revenue of $2.70 billion for the quarter, compared to analyst estimates of $3.19 billion. During the same quarter in the prior year, the business earned ($0.61) EPS. NRG Energy’s quarterly revenue was up 20.2% on a year-over-year basis. Equities analysts expect that NRG Energy, Inc. will post $0.28 earnings per share for the current fiscal year.
NRG Energy Company Profile
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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