AQR Capital Management LLC lifted its stake in NRG Energy Inc (NYSE:NRG) by 53.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 108,093 shares of the utilities provider’s stock after buying an additional 37,819 shares during the quarter. AQR Capital Management LLC’s holdings in NRG Energy were worth $2,947,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of NRG. Renaissance Technologies LLC boosted its position in NRG Energy by 199.1% during the fourth quarter. Renaissance Technologies LLC now owns 4,755,569 shares of the utilities provider’s stock worth $189,034,000 after purchasing an additional 3,165,853 shares in the last quarter. Alliancebernstein L.P. boosted its position in NRG Energy by 62.6% during the fourth quarter. Alliancebernstein L.P. now owns 7,418,351 shares of the utilities provider’s stock worth $294,879,000 after purchasing an additional 2,857,395 shares in the last quarter. Janus Henderson Group PLC boosted its position in NRG Energy by 49.3% during the first quarter. Janus Henderson Group PLC now owns 7,344,429 shares of the utilities provider’s stock worth $200,209,000 after purchasing an additional 2,424,235 shares in the last quarter. Point72 Asset Management L.P. boosted its position in NRG Energy by 174.3% during the fourth quarter. Point72 Asset Management L.P. now owns 1,719,387 shares of the utilities provider’s stock worth $68,346,000 after purchasing an additional 1,092,587 shares in the last quarter. Finally, Schroder Investment Management Group boosted its position in NRG Energy by 67.7% during the first quarter. Schroder Investment Management Group now owns 1,724,040 shares of the utilities provider’s stock worth $46,963,000 after purchasing an additional 695,964 shares in the last quarter. Institutional investors own 98.22% of the company’s stock.
Shares of NYSE:NRG opened at $32.56 on Wednesday. The firm has a fifty day moving average of $34.40 and a two-hundred day moving average of $34.48. The firm has a market capitalization of $8.04 billion, a P/E ratio of 2.09, a price-to-earnings-growth ratio of 0.15 and a beta of 1.09. NRG Energy Inc has a 12-month low of $19.54 and a 12-month high of $41.78. The company has a quick ratio of 1.09, a current ratio of 1.22 and a debt-to-equity ratio of 4.09.
NRG Energy (NYSE:NRG) last released its quarterly earnings data on Thursday, May 7th. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.20). NRG Energy had a net margin of 42.14% and a negative return on equity of 15,555.52%. The business had revenue of $2.02 billion during the quarter. Equities research analysts expect that NRG Energy Inc will post 5.18 earnings per share for the current fiscal year.
A number of analysts have issued reports on NRG shares. UBS Group decreased their price target on NRG Energy from $44.00 to $41.00 and set a “buy” rating for the company in a report on Friday, May 8th. Morgan Stanley boosted their price target on NRG Energy from $54.00 to $56.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 17th. Vertical Research upgraded NRG Energy from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a report on Tuesday, March 3rd. Cfra downgraded NRG Energy from a “hold” rating to a “sell” rating and lowered their price target for the company from $37.00 to $28.00 in a report on Thursday, May 7th. Finally, Seaport Global Securities assumed coverage on NRG Energy in a research note on Wednesday, May 20th. They set a “buy” rating and a $42.50 target price for the company. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $40.33.
NRG Energy Company 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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