NRG Energy, Inc. (NRG) Shares Bought by Castleton Investment Management LLC
Castleton Investment Management LLC increased its stake in NRG Energy, Inc. (NYSE:NRG) by 82.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 187,606 shares of the utilities provider’s stock after purchasing an additional 85,000 shares during the quarter. NRG Energy accounts for 1.1% of Castleton Investment Management LLC’s investment portfolio, making the stock its 19th largest position. Castleton Investment Management LLC owned approximately 0.06% of NRG Energy worth $3,230,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently made changes to their positions in NRG. Fieldpoint Private Securities LLC acquired a new stake in shares of NRG Energy in the second quarter valued at about $112,000. AHL Partners LLP boosted its holdings in NRG Energy by 127.8% during the second quarter. AHL Partners LLP now owns 520,524 shares of the utilities provider’s stock worth $8,964,000 after buying an additional 292,072 shares in the last quarter. Zurich Insurance Group Ltd FI boosted its holdings in NRG Energy by 38.8% during the second quarter. Zurich Insurance Group Ltd FI now owns 164,238 shares of the utilities provider’s stock worth $2,828,000 after buying an additional 45,882 shares in the last quarter. Clinton Group Inc. boosted its holdings in NRG Energy by 49.9% during the second quarter. Clinton Group Inc. now owns 52,081 shares of the utilities provider’s stock worth $897,000 after buying an additional 17,336 shares in the last quarter. Finally, Tudor Investment Corp ET AL purchased a new stake in NRG Energy during the second quarter worth about $837,000. Institutional investors and hedge funds own 91.64% of the company’s stock.
Several research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of NRG Energy from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Tuesday, July 11th. BidaskClub raised shares of NRG Energy from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. ValuEngine upgraded shares of NRG Energy from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 6th. Finally, Barclays PLC reiterated an “overweight” rating and set a $27.00 price target on shares of NRG Energy in a research report 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 issued a buy rating and one has issued a strong buy rating to the stock. NRG Energy presently has a consensus rating of “Buy” and an average price target of $22.25.
Shares of NRG Energy, Inc. (NYSE NRG) traded down 0.1541% during mid-day trading on Wednesday, hitting $25.8501. 1,621,840 shares of the company’s stock traded hands. The stock’s market cap is $8.18 billion. The stock has a 50 day moving average price of $24.64 and a 200-day moving average price of $20.15. NRG Energy, Inc. has a 1-year low of $9.84 and a 1-year high of $26.25.
NRG Energy (NYSE:NRG) last released its earnings results on Thursday, August 3rd. The utilities provider reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.31. The firm had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $3.19 billion. NRG Energy had a positive return on equity of 12.38% and a negative net margin of 10.67%. The firm’s revenue for the quarter was up 20.2% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.61) earnings per share. Equities research analysts anticipate that NRG Energy, Inc. will post $0.34 EPS for the current fiscal year.
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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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