Bogle Investment Management L P De buys $21.8 Million stake in NRG Energy Inc (NRG)

NRG Energy Inc (NRG) : Bogle Investment Management L P De scooped up 76,600 additional shares in NRG Energy Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 1,413,866 shares of NRG Energy Inc which is valued at $21.8 Million.NRG Energy Inc makes up approximately 1.51% of Bogle Investment Management L P De’s portfolio.

Other Hedge Funds, Including , Susquehanna International Group Llp reduced its stake in NRG by selling 10,026 shares or 2.93% in the most recent quarter. The Hedge Fund company now holds 331,711 shares of NRG which is valued at $5.1 Million. NRG Energy Inc makes up approx 0.02% of Susquehanna International Group Llp’s portfolio. Bb&t Securities added NRG to its portfolio by purchasing 10,635 company shares during the most recent quarter which is valued at $164,311.Park Avenue Institutional Advisers reduced its stake in NRG by selling 55 shares or 2.7% in the most recent quarter. The Hedge Fund company now holds 1,980 shares of NRG which is valued at $30,591. NRG Energy Inc makes up approx 0.03% of Park Avenue Institutional Advisers’s portfolio.Menta Capital reduced its stake in NRG by selling 41,800 shares or 58.18% in the most recent quarter. The Hedge Fund company now holds 30,040 shares of NRG which is valued at $464,118. NRG Energy Inc makes up approx 0.06% of Menta Capital’s portfolio.Russell Frank Co boosted its stake in NRG in the latest quarter, The investment management firm added 17,596 additional shares and now holds a total of 301,656 shares of NRG Energy Inc which is valued at $4.6 Million. NRG Energy Inc makes up approx 0.01% of Russell Frank Co’s portfolio.

NRG Energy Inc closed down -0.17 points or -1.06% at $15.85 with 62,65,699 shares getting traded on Wednesday. Post opening the session at $15.62, the shares hit an intraday low of $15.43 and an intraday high of $15.95 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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.

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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