Eii Capital Management Lowers stake in NRG Energy Inc (NRG)

NRG Energy Inc (NRG) : Eii Capital Management reduced its stake in NRG Energy Inc by 21.32% during the most recent quarter end. The investment management company now holds a total of 158,890 shares of NRG Energy Inc which is valued at $2,246,705 after selling 43,060 shares in NRG Energy Inc , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.NRG Energy Inc makes up approximately 0.64% of Eii Capital Management’s portfolio.

Other Hedge Funds, Including , World Asset Management Inc boosted its stake in NRG in the latest quarter, The investment management firm added 236 additional shares and now holds a total of 35,634 shares of NRG Energy Inc which is valued at $503,865. NRG Energy Inc makes up approx 0.02% of World Asset Management Inc’s portfolio. Pggm Investments sold out all of its stake in NRG during the most recent quarter. The investment firm sold 221,315 shares of NRG which is valued $3,093,984.Visionary Asset Management boosted its stake in NRG in the latest quarter, The investment management firm added 5,075 additional shares and now holds a total of 201,652 shares of NRG Energy Inc which is valued at $3,131,656. NRG Energy Inc makes up approx 1.08% of Visionary Asset Management’s portfolio.

NRG Energy Inc closed down -0.1 points or -0.73% at $13.52 with 45,28,029 shares getting traded on Monday. Post opening the session at $13.7, the shares hit an intraday low of $13.5 and an intraday high of $13.88 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, NRG Energy Inc reported $0.24 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on May 5, 2016. Analyst had a consensus of $0.25. The company had revenue of $3229.00 million for the quarter, compared to analysts expectations of $3180.47 million. The company’s revenue was down -15.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.37 EPS.

Many Wall Street Analysts have commented on NRG Energy Inc. UBS Downgraded NRG Energy Inc on Jun 9, 2016 to ” Sell”, Price Target of the shares are set at $16.

NRG Energy Inc. (NRG) is a power company that produces sells and delivers energy and energy products and services in power markets in the United States. NRG’s business segments are NRG Business NRG Home NRG Renew NRG Yield and corporate activities. NRG Business consists of NRG’s wholesale operations including plant operations commercial operations engineering procurement and construction (EPC) energy services and other related functions. NRG Home includes the Company’s NRG Home Retail and NRG Home Solar businesses. NRG Renew includes the Company’s solar and wind assets. NRG Yield includes NRG’s contracted generation assets. As of December 31 2014 NRG owned and operated approximately 52000 megawatts (MW) of generation; transacted in and traded fuel and transportation services and directly sold energy services and sustainable products and services to retail customers under the name NRG and other retail brand names owned by NRG.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *