NRG Energy Price Target Lowered to $34.00 at ISI Group (NRG)
Equities research analysts at ISI Group decreased their price target on shares of NRG Energy (NYSE:NRG) from $35.00 to $34.00 in a research note issued to investors on Monday. ISI Group’s price objective would suggest a potential upside of 14.79% from the stock’s previous close.
Shares of NRG Energy (NYSE:NRG) traded up 0.10% during mid-day trading on Monday, hitting $29.65. 713,103 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’s 50-day moving average is $33.44 and its 200-day moving average is $32.08. The company’s market cap is $10.013 billion.
NRG Energy (NYSE:NRG) last released its earnings data on Thursday, August 7th. The company reported ($0.30) EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.37 earnings per share. The company’s quarterly revenue was up 23.6% on a year-over-year basis. On average, analysts predict that NRG Energy will post $2.18 earnings per share 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 1.89%. The ex-dividend date of this dividend is Wednesday, July 30th.
A number of other analysts have also recently weighed in on NRG. Analysts at Zacks reiterated a “neutral” rating on shares of NRG Energy in a research note on Friday. They now have a $31.00 price target on the stock. Separately, analysts at Tigress Financial initiated coverage on shares of NRG Energy in a research note on Friday. They set a “neutral” rating on the stock. Finally, 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. Five equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $34.88.
NRG Energy, Inc (NYSE:NRG) is an integrated wholesale power generation and retail electricity company in the United States.
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