Nrg Energy INC (NRG) Stake Has Increased by Brahman Capital Corp

January 21, 2018 - By Kurt Siggers

Investors sentiment decreased to 0.84 in 2017 Q3. Its down 0.19, from 1.03 in 2017Q2. It worsened, as 52 investors sold NRG shares while 121 reduced holdings. 61 funds opened positions while 84 raised stakes. 277.07 million shares or 5.12% more from 263.57 million shares in 2017Q2 were reported. Wedge Mgmt L Ltd Partnership Nc invested in 0.12% or 501,516 shares. Daiwa Securities owns 61 shares. Colorado-based Employees Retirement Association Of Colorado has invested 0.01% in NRG Energy, Inc. (NYSE:NRG). Thrivent Finance For Lutherans stated it has 0.01% in NRG Energy, Inc. (NYSE:NRG). Svcs Automobile Association holds 0.01% or 93,142 shares. Louisiana State Employees Retirement holds 18,800 shares or 0.02% of its portfolio. Ontario – Canada-based National Bank & Trust Of Montreal Can has invested 0% in NRG Energy, Inc. (NYSE:NRG). Steadfast Cap Mgmt LP reported 5.93M shares. Edge Wealth Management Lc holds 64 shares. Metropolitan Life Insur Ny accumulated 207,185 shares. Moreover, Hanson Mcclain Incorporated has 0% invested in NRG Energy, Inc. (NYSE:NRG) for 21 shares. 10.88 million were accumulated by Fmr Limited Company. Schwab Charles Management reported 1.66M shares or 0.04% of all its holdings. Farmers Merchants Inc has 0% invested in NRG Energy, Inc. (NYSE:NRG). Swiss State Bank holds 0.02% or 526,200 shares in its portfolio.

Peter Adam Hochfelder increased its stake in Nrg Energy Inc (NRG) by 6.78% based on its latest 2017Q3 regulatory filing with the SEC. Brahman Capital Corp bought 650,000 shares as the company’s stock declined 8.13% while stock markets rallied. The hedge fund run by Peter Adam Hochfelder held 10.24 million shares of the public utilities company at the end of 2017Q3, valued at $262.06M, up from 9.59 million at the end of the previous reported quarter. Brahman Capital Corp who had been investing in Nrg Energy Inc for a number of months, seems to be bullish on the $8.52 billion market cap company. The stock increased 0.34% or $0.09 during the last trading session, reaching $26.9. About 8.71M shares traded or 56.47% up from the average. NRG Energy, Inc. (NYSE:NRG) has risen 1.42% since January 21, 2017 and is uptrending. It has underperformed by 15.28% the S&P500.

Brahman Capital Corp, which manages about $4.97B and $2.94B US Long portfolio, decreased its stake in Csx Corp (NYSE:CSX) by 667,156 shares to 4.88 million shares, valued at $264.61M in 2017Q3, according to the filing. It also reduced its holding in Sirius Xm Hldgs Inc (NASDAQ:SIRI) by 9.53M shares in the quarter, leaving it with 45.89M shares, and cut its stake in Ardagh Group S A.

More recent NRG Energy, Inc. (NYSE:NRG) news were published by: Businesswire.com which released: “NRG Energy, Inc. Announces Redemption of Its Outstanding 6.625% Senior Notes …” on December 22, 2017. Also Seekingalpha.com published the news titled: “Mispriced Restructuring Model: NRG Energy” on January 04, 2018. Businesswire.com‘s news article titled: “NRG Energy, Inc. Announces Final Tender Results, Completion of Redemption for …” with publication date: December 29, 2017 was also an interesting one.

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

Among 14 analysts covering NRG Yield (NYSE:NRG), 11 have Buy rating, 0 Sell and 3 Hold. Therefore 79% are positive. NRG Yield had 31 analyst reports since August 10, 2015 according to SRatingsIntel. On Monday, September 21 the stock rating was maintained by Deutsche Bank with “Buy”. The firm has “Buy” rating by Goldman Sachs given on Wednesday, March 29. The company was maintained on Wednesday, August 10 by Barclays Capital. UBS upgraded it to “Buy” rating and $20 target in Thursday, June 1 report. The firm has “Overweight” rating by Barclays Capital given on Friday, March 18. As per Wednesday, August 31, the company rating was maintained by UBS. UBS upgraded the shares of NRG in report on Monday, November 14 to “Neutral” rating. Citigroup upgraded the shares of NRG in report on Monday, November 7 to “Neutral” rating. The company was maintained on Thursday, July 13 by Barclays Capital. The stock has “Outperform” rating by Wolfe Research on Monday, August 10.

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