Brigade Capital Management LP Has Lowered Nrg Energy INC (NRG) Stake as Stock Price Rose

October 2, 2018 - By Ellis Scott

NRG Energy, Inc. (NYSE:NRG) LogoInvestors sentiment decreased to 0.92 in Q2 2018. Its down 0.05, from 0.97 in 2018Q1. It turned negative, as 32 investors sold NRG shares while 138 reduced holdings. 54 funds opened positions while 102 raised stakes. 279.65 million shares or 5.70% less from 296.56 million shares in 2018Q1 were reported. Panagora Asset Mgmt holds 46,155 shares or 0.01% of its portfolio. Madison Inv Hldgs accumulated 0.27% or 493,360 shares. Glenmede Company Na holds 0% in NRG Energy, Inc. (NYSE:NRG) or 254 shares. Thrivent Fincl For Lutherans has 0% invested in NRG Energy, Inc. (NYSE:NRG). holds 0.01% or 128,473 shares. Numerixs Investment holds 0.08% or 11,200 shares. State Of Wisconsin Invest Board invested in 61,614 shares or 0.01% of the stock. Aqr Capital Lc accumulated 253,501 shares. Hennessy Advsr, a California-based fund reported 1.10 million shares. California-based Ascend Cap Llc has invested 0.39% in NRG Energy, Inc. (NYSE:NRG). Voloridge Inv Mngmt Limited Liability Corporation has 391,409 shares for 0.32% of their portfolio. Brigade Capital Mngmt Lp stated it has 1.31M shares or 2.67% of all its holdings. Wells Fargo Mn accumulated 0.01% or 583,396 shares. Dorsey Wright & Associate has 0.61% invested in NRG Energy, Inc. (NYSE:NRG). Nomura accumulated 94,902 shares.

Since September 6, 2018, it had 0 insider buys, and 3 insider sales for $2.96 million activity. Another trade for 24,600 shares valued at $881,664 was sold by Killinger Elizabeth R.

Brigade Capital Management Lp decreased its stake in Nrg Energy Inc (NRG) by 7.82% based on its latest 2018Q2 regulatory filing with the SEC. Brigade Capital Management Lp sold 110,889 shares as the company’s stock rose 5.27% with the market. The hedge fund held 1.31 million shares of the public utilities company at the end of 2018Q2, valued at $40.16 million, down from 1.42M at the end of the previous reported quarter. Brigade Capital Management Lp who had been investing in Nrg Energy Inc for a number of months, seems to be less bullish one the $11.42 billion market cap company. The stock increased 0.29% or $0.11 during the last trading session, reaching $37.73. About 3.20 million shares traded. NRG Energy, Inc. (NYSE:NRG) has risen 49.79% since October 2, 2017 and is uptrending. It has outperformed by 34.17% the S&P500.

Brigade Capital Management Lp, which manages about $17.09 billion and $1.50B US Long portfolio, upped its stake in Halcon Res Corp by 2.70M shares to 4.46M shares, valued at $19.60M in 2018Q2, according to the filing. It also increased its holding in Arconic Inc by 301,150 shares in the quarter, for a total of 1.92M shares, and has risen its stake in Dell Technologies Inc.

Analysts await NRG Energy, Inc. (NYSE:NRG) to report earnings on November, 1. They expect $2.18 earnings per share, up 257.38 % or $1.57 from last year’s $0.61 per share. NRG’s profit will be $659.60 million for 4.33 P/E if the $2.18 EPS becomes a reality. After $0.31 actual earnings per share reported by NRG Energy, Inc. for the previous quarter, Wall Street now forecasts 603.23 % EPS growth.

Another recent and important NRG Energy, Inc. (NYSE:NRG) news was published by Seekingalpha.com which published an article titled: “NRG completes sale of renewables platform to Global Infrastructure Partners” on September 04, 2018.

NRG Energy, Inc. (NYSE:NRG) Ratings Coverage

Among 2 analysts covering NRG Energy (NYSE:NRG), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. NRG Energy had 5 analyst reports since May 23, 2018 according to SRatingsIntel. Bank of America maintained NRG Energy, Inc. (NYSE:NRG) on Thursday, September 27 with “Buy” rating. Bank of America maintained the stock with “Buy” rating in Wednesday, July 25 report. On Thursday, September 20 the stock rating was maintained by Macquarie Research with “Outperform”. The rating was maintained by Bank of America with “Buy” on Tuesday, August 7.

NRG Energy, Inc. (NYSE:NRG) Institutional Positions Chart

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