NRG Energy Now Covered by Analysts at Tigress Financial (NRG)
Shares of NRG Energy (NYSE:NRG) traded down 1.48% during mid-day trading on Friday, hitting $29.39. 2,279,911 shares of the company’s stock traded hands. NRG Energy has a 52-week low of $25.24 and a 52-week high of $38.09. The stock has a 50-day moving average of $33.67 and a 200-day moving average of $32.10. The company’s market cap is $9.911 billion. NRG Energy also was the target of unusually large options trading on Wednesday. Traders purchased 1,359 put options on the stock. This represents an increase of 102% compared to the typical daily volume of 672 put options.
NRG Energy (NYSE:NRG) last released its earnings data on Thursday, August 7th. The company reported ($0.30) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.15 by $0.45. The company had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter last year, the company posted $0.37 earnings per share. NRG Energy’s revenue was up 23.6% compared to the same quarter last year. Analysts expect that NRG Energy will post $2.18 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 15th. Investors of record on Friday, August 1st will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.88%. The ex-dividend date is Wednesday, July 30th.
A number of other firms have also recently commented on NRG. Analysts at Jefferies Group reiterated a “buy” rating on shares of NRG Energy in a research note on Friday. They now have a $37.00 price target on the stock, down previously from $38.00. Separately, analysts at Goldman Sachs reiterated a “conviction-buy” rating on shares of NRG Energy in a research note on Monday, July 28th. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. NRG Energy currently has a consensus rating of “Buy” and a consensus target price of $36.29.
NRG Energy, Inc (NYSE:NRG) is an integrated wholesale power generation and retail electricity company in the United States.
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