Carlson Capital L P Lowers stake in NRG Energy Inc (NRG)

NRG Energy Inc (NRG) : Carlson Capital L P reduced its stake in NRG Energy Inc by 3.81% during the most recent quarter end. The investment management company now holds a total of 10,581,398 shares of NRG Energy Inc which is valued at $163.5 Million after selling 419,479 shares in NRG Energy Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.NRG Energy Inc makes up approximately 2.08% of Carlson Capital L P’s portfolio.

Other Hedge Funds, Including , Public Sector Pension Investment Board reduced its stake in NRG by selling 31,500 shares or 38.39% in the most recent quarter. The Hedge Fund company now holds 50,543 shares of NRG which is valued at $780,889. NRG Energy Inc makes up approx 0.01% of Public Sector Pension Investment Board’s portfolio.Keybank National Associationoh reduced its stake in NRG by selling 3,163 shares or 18.5% in the most recent quarter. The Hedge Fund company now holds 13,936 shares of NRG which is valued at $215,311.Manufacturers Life Insurance Company The reduced its stake in NRG by selling 54 shares or 0.02% in the most recent quarter. The Hedge Fund company now holds 305,932 shares of NRG which is valued at $4.7 Million. NRG Energy Inc makes up approx 0.01% of Manufacturers Life Insurance Company The’s portfolio.Parkside Financial Bank Trust reduced its stake in NRG by selling 23 shares or 13.45% in the most recent quarter. The Hedge Fund company now holds 148 shares of NRG which is valued at $2,297.

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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