NRG Energy Receives Average Recommendation of “Buy” from Analysts (NYSE:NRG)
Shares of NRG Energy (NYSE:NRG) have been given a consensus rating of “Buy” by the ten ratings firms that are currently covering the stock, ARN reports. Three 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. The average 12-month price target among analysts that have covered the stock in the last year is $36.43.
A number of analysts have recently weighed in on NRG shares. Analysts at Goldman Sachs reiterated a “conviction-buy” rating on shares of NRG Energy in a research note on Monday, July 28th. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of NRG Energy in a research note on Friday, July 25th. They now have a $38.00 price target on the stock, down previously from $39.00. Finally, analysts at Macquarie reiterated an “outperform” rating on shares of NRG Energy in a research note on Monday, July 21st. They now have a $37.00 price target on the stock, down previously from $39.00.
Shares of NRG Energy (NYSE:NRG) opened at 29.83 on Monday. NRG Energy has a 1-year low of $25.24 and a 1-year high of $38.09. The stock’s 50-day moving average is $33.67 and its 200-day moving average is $32.10. The company’s market cap is $10.060 billion. NRG Energy also saw some unusual options trading activity on Wednesday. Stock investors acquired 1,359 put options on the company. This represents an increase of approximately 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 $2.11 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 1.88%. 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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