Nrg Energy INC (NRG) Holder Permian Investment Partners LP Has Decreased Its Stake by $46.50 Million

June 17, 2018 - By wolcottdaily

NRG Energy, Inc. (NYSE:NRG) LogoInvestors sentiment decreased to 0.97 in 2018 Q1. Its down 0.37, from 1.34 in 2017Q4. It turned negative, as 32 investors sold NRG shares while 132 reduced holdings. 62 funds opened positions while 97 raised stakes. 296.56 million shares or 2.92% less from 305.48 million shares in 2017Q4 were reported. 110,978 were reported by Metropolitan Life Ins Com Ny. Moreover, Perella Weinberg Prns Capital Mngmt Limited Partnership has 0.01% invested in NRG Energy, Inc. (NYSE:NRG). 18.07 million were accumulated by Blackrock. Moreover, Steadfast Cap Mngmt Ltd Partnership has 3.29% invested in NRG Energy, Inc. (NYSE:NRG). Stratos Wealth Partners Ltd accumulated 2,454 shares. Beach Point Capital Mgmt Lp accumulated 250,000 shares or 1.71% of the stock. 1,296 were accumulated by Convergence Inv Prtn Ltd Liability. State Treasurer State Of Michigan has 88,868 shares for 0.02% of their portfolio. First Personal Fin Ser stated it has 8,165 shares. Sterling Capital Mngmt Ltd Liability Co holds 70,840 shares. Wexford Cap LP reported 352,330 shares stake. Zeke Advsr Ltd Company, Pennsylvania-based fund reported 7,445 shares. Advsrs Preferred Limited Liability holds 0.03% or 2,449 shares in its portfolio. Bancshares Of America De reported 4.87M shares. Piedmont Investment Advsrs Limited Liability Co holds 0.06% or 71,091 shares in its portfolio.

Permian Investment Partners Lp decreased its stake in Nrg Energy Inc (NRG) by 33.5% based on its latest 2018Q1 regulatory filing with the SEC. Permian Investment Partners Lp sold 1.55 million shares as the company’s stock rose 29.25% while stock markets declined. The institutional investor held 3.08 million shares of the public utilities company at the end of 2018Q1, valued at $93.94M, down from 4.63M at the end of the previous reported quarter. Permian Investment Partners Lp who had been investing in Nrg Energy Inc for a number of months, seems to be less bullish one the $10.51 billion market cap company. The stock decreased 0.39% or $0.13 during the last trading session, reaching $33.38. About 5.28M shares traded or 1.57% up from the average. NRG Energy, Inc. (NYSE:NRG) has risen 106.57% since June 17, 2017 and is uptrending. It has outperformed by 94.00% the S&P500.

Permian Investment Partners Lp, which manages about $823.32M and $733.68 million US Long portfolio, upped its stake in Us Foods Hldg Corp by 1.57M shares to 3.44M shares, valued at $112.82M in 2018Q1, according to the filing. It also increased its holding in Wisdomtree Tr (DXJ) by 71,200 shares in the quarter, for a total of 471,200 shares, and has risen its stake in Willis Towers Watson Pub Ltd.

Analysts await NRG Energy, Inc. (NYSE:NRG) to report earnings on August, 2. They expect $0.63 earnings per share, up 75.00 % or $0.27 from last year’s $0.36 per share. NRG’s profit will be $198.38 million for 13.25 P/E if the $0.63 EPS becomes a reality. After $0.87 actual earnings per share reported by NRG Energy, Inc. for the previous quarter, Wall Street now forecasts -27.59 % negative EPS growth.

More news for NRG Energy, Inc. (NYSE:NRG) were recently published by: Businesswire.com, which released: “Cypress Creek Renewables and NRG Innovate the Future of Solar Power for Texas Commercial and Industrial …” on June 12, 2018. Schaeffersresearch.com‘s article titled: “NRG Stock Could Reclaim Multi-Year Highs This Summer” and published on June 14, 2018 is yet another important article.

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

Among 4 analysts covering NRG Energy (NYSE:NRG), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. NRG Energy had 6 analyst reports since February 23, 2018 according to SRatingsIntel. SunTrust maintained the shares of NRG in report on Wednesday, March 28 with “Hold” rating. The firm earned “Hold” rating on Monday, March 19 by SunTrust. The stock has “Buy” rating by UBS on Wednesday, March 28. On Thursday, March 1 the stock rating was maintained by Guggenheim with “Buy”.

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

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