Carlson Capital L P buys $171,459,281 stake in NRG Energy Inc (NRG)

NRG Energy Inc (NRG) : Carlson Capital L P scooped up 2,033,595 additional shares in NRG Energy Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 14,679,733 shares of NRG Energy Inc which is valued at $171,459,281.NRG Energy Inc makes up approximately 2.18% of Carlson Capital L P’s portfolio.

Other Hedge Funds, Including , Bogle Investment Management L P De sold out all of its stake in NRG during the most recent quarter. The investment firm sold 1,335,337 shares of NRG which is valued $15,596,736.Liberty Mutual Group Asset Management boosted its stake in NRG in the latest quarter, The investment management firm added 8,873 additional shares and now holds a total of 33,358 shares of NRG Energy Inc which is valued at $369,273. NRG Energy Inc makes up approx 0.01% of Liberty Mutual Group Asset Management’s portfolio.Profund Advisors reduced its stake in NRG by selling 3,608 shares or 9.24% in the most recent quarter. The Hedge Fund company now holds 35,445 shares of NRG which is valued at $392,376. NRG Energy Inc makes up approx 0.02% of Profund Advisors’s portfolio. Oakworth Capital added NRG to its portfolio by purchasing 7 company shares during the most recent quarter which is valued at $78.

NRG Energy Inc closed down -0.04 points or -0.36% at $11.21 with 28,20,404 shares getting traded on Monday. Post opening the session at $11.27, the shares hit an intraday low of $11.195 and an intraday high of $11.47 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 $1.27 EPS for the quarter, beating the analyst consensus estimate by $ 0.28 according to the earnings call on Nov 4, 2016. Analyst had a consensus of $0.99. The company had revenue of $3952.00 million for the quarter, compared to analysts expectations of $4050.86 million. The company’s revenue was down -10.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.18 EPS.

Many Wall Street Analysts have commented on NRG Energy Inc. UBS Upgraded NRG Energy Inc on Nov 14, 2016 to ” Neutral”, Price Target of the shares are set at $12.NRG Energy Inc was Upgraded by Citigroup to ” Neutral” on Nov 7, 2016.

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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