D. E. Shaw & Co. Inc. lowered its stake in NRG Energy Inc (NYSE:NRG) by 52.2% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,141,805 shares of the utilities provider’s stock after selling 1,244,872 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.45% of NRG Energy worth $40,100,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Redhawk Wealth Advisors Inc. purchased a new stake in NRG Energy in the 2nd quarter valued at approximately $26,000. Valeo Financial Advisors LLC lifted its stake in NRG Energy by 758.5% in the 2nd quarter. Valeo Financial Advisors LLC now owns 807 shares of the utilities provider’s stock valued at $28,000 after buying an additional 713 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in NRG Energy in the 2nd quarter valued at approximately $34,000. Advisory Services Network LLC purchased a new stake in NRG Energy in the 1st quarter valued at approximately $70,000. Finally, First National Bank of South Miami lifted its stake in NRG Energy by 29.0% in the 2nd quarter. First National Bank of South Miami now owns 1,959 shares of the utilities provider’s stock valued at $67,000 after buying an additional 440 shares in the last quarter.

NRG traded up $0.27 during trading on Friday, hitting $39.07. The company’s stock had a trading volume of 2,633,469 shares, compared to its average volume of 2,274,888. The firm’s 50 day moving average price is $36.11 and its 200-day moving average price is $37.55. The stock has a market cap of $9.82 billion, a PE ratio of 16.21, a PEG ratio of 0.28 and a beta of 0.78. NRG Energy Inc has a twelve month low of $32.63 and a twelve month high of $43.66.

NRG Energy (NYSE:NRG) last issued its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $0.70 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by ($0.08). The business had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.52 billion. NRG Energy had a net margin of 6.20% and a negative return on equity of 45.11%. The company’s revenue was up .2% on a year-over-year basis. During the same quarter last year, the firm posted $0.31 earnings per share. As a group, research analysts expect that NRG Energy Inc will post 3.89 EPS for the current year.

NRG has been the topic of a number of recent research reports. Zacks Investment Research raised NRG Energy from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research note on Tuesday, August 20th. Morgan Stanley upgraded NRG Energy from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $47.00 to $49.00 in a report on Friday, September 6th. SunTrust Banks boosted their price target on NRG Energy from $37.00 to $39.00 and gave the company a “hold” rating in a report on Tuesday, September 17th. ValuEngine downgraded NRG Energy from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Finally, Goldman Sachs Group upgraded NRG Energy from a “buy” rating to a “conviction-buy” rating and set a $56.00 price target for the company in a report on Monday, June 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $45.50.

NRG Energy Profile

NRG Energy, Inc, together with its subsidiaries, operates as an energy company in the United States. The company is involved in the producing, selling, and delivering electricity and related products and services to 3.1 million residential, industrial, and commercial consumers. It generates electricity using natural gas, coal, oil, solar, nuclear, wind, fossil fuel, and nuclear sources.

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Institutional Ownership by Quarter for NRG Energy (NYSE:NRG)

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