Bogle Investment Management L P De Lowers stake in NRG Energy Inc (NRG)

NRG Energy Inc (NRG) : Bogle Investment Management L P De reduced its stake in NRG Energy Inc by 5.55% during the most recent quarter end. The investment management company now holds a total of 1,335,337 shares of NRG Energy Inc which is valued at $16,985,487 after selling 78,529 shares in NRG Energy Inc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.NRG Energy Inc makes up approximately 1.06% of Bogle Investment Management L P De’s portfolio.

Other Hedge Funds, Including , Mitsubishi Ufj Trust Banking Corp reduced its stake in NRG by selling 3,127 shares or 0.37% in the most recent quarter. The Hedge Fund company now holds 837,942 shares of NRG which is valued at $10,658,622. NRG Energy Inc makes up approx 0.02% of Mitsubishi Ufj Trust Banking Corp’s portfolio. Cable Hill Partners sold out all of its stake in NRG during the most recent quarter. The investment firm sold 95 shares of NRG which is valued $1,294.Exane Derivatives reduced its stake in NRG by selling 23,928 shares or 70.49% in the most recent quarter. The Hedge Fund company now holds 10,017 shares of NRG which is valued at $141,640. NRG Energy Inc makes up approx 0.02% of Exane Derivatives’s portfolio.Cibc Asset Management Inc boosted its stake in NRG in the latest quarter, The investment management firm added 393 additional shares and now holds a total of 39,218 shares of NRG Energy Inc which is valued at $554,543.

NRG Energy Inc opened for trading at $12.29 and hit $12.53 on the upside on Monday, eventually ending the session at $12.52, with a gain of 2.12% or 0.26 points. The heightened volatility saw the trading volume jump to 25,09,524 shares. Company has a market cap of $3,947 M.

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. 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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