NRG Energy Stock Rating Reaffirmed by Macquarie (NRG)
NRG Energy (NYSE:NRG)‘s stock had its “outperform” rating reaffirmed by research analysts at Macquarie in a report released on Monday. They currently have a $37.00 price objective on the stock, down from their previous price objective of $39.00. Macquarie’s target price would suggest a potential upside of 16.32% from the stock’s previous close.
A number of other firms have also recently commented on NRG. Analysts at Goldman Sachs upgraded shares of NRG Energy from a “buy” rating to a “conviction-buy” rating in a research note on Tuesday, May 27th. Separately, analysts at Zacks downgraded shares of NRG Energy from an “outperform” rating to a “neutral” rating in a research note on Monday, May 19th. They now have a $35.00 price target on the stock. Finally, analysts at ISI Group raised their price target on shares of NRG Energy from $36.00 to $40.00 in a research note on Monday, May 12th. They now have a “buy” rating on the stock. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $36.38.
Shares of NRG Energy (NYSE:NRG) traded down 1.49% on Monday, hitting $31.81. The stock had a trading volume of 5,649,796 shares. NRG Energy has a one year low of $25.24 and a one year high of $38.09. The stock has a 50-day moving average of $35. and a 200-day moving average of $31.84. The company’s market cap is $10.728 billion.
NRG Energy (NYSE:NRG) last released its earnings data on Tuesday, May 6th. The company reported ($0.18) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.13) by $0.05. The company had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter in the prior year, the company posted ($1.02) earnings per share. The company’s quarterly revenue was up 67.5% on a year-over-year basis. Analysts expect that NRG Energy will post $1.96 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 15th. Shareholders of record on Friday, August 1st will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend is Wednesday, July 30th.
NRG Energy, Inc (NYSE:NRG) is an integrated wholesale power generation and retail electricity company in the United States.
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