Hanlon Investment Management buys $5,943,424 stake in NRG Energy Inc (NRG)

NRG Energy Inc (NRG) : Hanlon Investment Management scooped up 44,311 additional shares in NRG Energy Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 420,327 shares of NRG Energy Inc which is valued at $5,943,424.NRG Energy Inc makes up approximately 0.50% of Hanlon Investment Management’s portfolio.

Other Hedge Funds, Including , Mizuho Trust Banking Ltd. reduced its stake in NRG by selling 138,728 shares or 17.1% in the most recent quarter. The Hedge Fund company now holds 672,493 shares of NRG which is valued at $9,509,051. NRG Energy Inc makes up approx 0.03% of Mizuho Trust Banking Ltd.’s portfolio. Artemis Investment Management Llp added NRG to its portfolio by purchasing 79,300 company shares during the most recent quarter which is valued at $1,108,614. NRG Energy Inc makes up approx 0.03% of Artemis Investment Management Llp’s portfolio. Simplex Trading added NRG to its portfolio by purchasing 4,927 company shares during the most recent quarter which is valued at $72,279. NRG Energy Inc makes up approx 0.01% of Simplex Trading’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.

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