NRG Energy Inc (NRG) : Breithorn Capital Management reduced its stake in NRG Energy Inc by 11.23% during the most recent quarter end. The investment management company now holds a total of 343,220 shares of NRG Energy Inc which is valued at $4,365,758 after selling 43,400 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 3.17% of Breithorn Capital Management’s portfolio.
Other Hedge Funds, Including , Connor Clark Lunn Investment Management Ltd. boosted its stake in NRG in the latest quarter, The investment management firm added 180,600 additional shares and now holds a total of 593,175 shares of NRG Energy Inc which is valued at $7,545,186. NRG Energy Inc makes up approx 0.05% of Connor Clark Lunn Investment Management Ltd.’s portfolio. Renaissance Technologies sold out all of its stake in NRG during the most recent quarter. The investment firm sold 2,470,716 shares of NRG which is valued $31,427,508.Wfg Advisors Lp reduced its stake in NRG by selling 99 shares or 30.65% in the most recent quarter. The Hedge Fund company now holds 224 shares of NRG which is valued at $2,849.Credit Suisse Ag reduced its stake in NRG by selling 2,707,636 shares or 59.53% in the most recent quarter. The Hedge Fund company now holds 1,840,937 shares of NRG which is valued at $23,416,719. NRG Energy Inc makes up approx 0.03% of Credit Suisse Ag’s portfolio.California State Teachers Retirement System reduced its stake in NRG by selling 828 shares or 0.12% in the most recent quarter. The Hedge Fund company now holds 685,327 shares of NRG which is valued at $9,690,524. NRG Energy Inc makes up approx 0.02% of California State Teachers Retirement System’s portfolio.
NRG Energy Inc opened for trading at $12.15 and hit $12.48 on the upside on Wednesday, eventually ending the session at $12.3, with a gain of 1.23% or 0.15 points. The heightened volatility saw the trading volume jump to 3,561,533 shares. Company has a market cap of $3,878 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. 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.