NRG Energy Inc (NRG) : Bocage Capital reduced its stake in NRG Energy Inc by 21.6% during the most recent quarter end. The investment management company now holds a total of 850,685 shares of NRG Energy Inc which is valued at $10,820,713 after selling 234,387 shares in NRG Energy Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.NRG Energy Inc makes up approximately 8.61% of Bocage Capital’s portfolio.
Other Hedge Funds, Including , A.r.t. Advisors reduced its stake in NRG by selling 360,538 shares or 55.03% in the most recent quarter. The Hedge Fund company now holds 294,601 shares of NRG which is valued at $3,747,325. NRG Energy Inc makes up approx 0.18% of A.r.t. Advisors’s portfolio. Nuveen Fund Advisors added NRG to its portfolio by purchasing 94,867 company shares during the most recent quarter which is valued at $1,206,708. NRG Energy Inc makes up approx 0.18% of Nuveen Fund Advisors’s portfolio.Bridgewater Associates Lp reduced its stake in NRG by selling 398,901 shares or 76.85% in the most recent quarter. The Hedge Fund company now holds 120,149 shares of NRG which is valued at $1,528,295. NRG Energy Inc makes up approx 0.02% of Bridgewater Associates Lp’s portfolio.Mutual Of America Capital Management boosted its stake in NRG in the latest quarter, The investment management firm added 6,674 additional shares and now holds a total of 41,236 shares of NRG Energy Inc which is valued at $583,077. NRG Energy Inc makes up approx 0.01% of Mutual Of America Capital Management’s portfolio.Hartford Investment Management Co reduced its stake in NRG by selling 1,972 shares or 2.57% in the most recent quarter. The Hedge Fund company now holds 74,639 shares of NRG which is valued at $1,103,911. NRG Energy Inc makes up approx 0.02% of Hartford Investment Management Co’s portfolio.
NRG Energy Inc closed down -0.51 points or -4.21% at $11.6 with 43,34,344 shares getting traded on Thursday. Post opening the session at $12.1, the shares hit an intraday low of $11.56 and an intraday high of $12.17 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, NRG Energy Inc reported $-0.61 EPS for the quarter, missing the analyst consensus estimate by $ -0.81 based on the information available during the earnings call on Aug 9, 2016. Analyst had a consensus of $0.20. The company had revenue of $2638.00 million for the quarter, compared to analysts expectations of $3481.29 million. The company’s revenue was down -22.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.06 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. NRGs business segments are NRG Business NRG Home NRG Renew NRG Yield and corporate activities. NRG Business consists of NRGs wholesale operations including plant operations commercial operations engineering procurement and construction (EPC) energy services and other related functions. NRG Home includes the Companys NRG Home Retail and NRG Home Solar businesses. NRG Renew includes the Companys 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.