NRG Energy Inc. (NRG) Trading Up 3.6%
NRG Energy Inc. (NYSE:NRG)’s share price was up 3.6% during mid-day trading on Wednesday . The stock traded as high as $11.91 and last traded at $11.84, with a volume of 3,118,618 shares changing hands. The stock had previously closed at $11.43.
Several equities analysts have recently issued reports on NRG shares. Citigroup Inc. cut their price objective on shares of NRG Energy from $14.00 to $11.00 and set a “sell” rating on the stock in a report on Monday, September 12th. Zacks Investment Research downgraded shares of NRG Energy from a “buy” rating to a “hold” rating in a report on Thursday, July 21st. TheStreet downgraded shares of NRG Energy from a “hold” rating to a “sell” rating in a report on Thursday, September 8th. Deutsche Bank AG reiterated a “buy” rating and issued a $21.00 price target on shares of NRG Energy in a report on Wednesday, August 10th. Finally, Barclays PLC cut their price target on shares of NRG Energy from $20.00 to $18.00 and set an “overweight” rating on the stock in a report on Wednesday, August 10th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $19.76.
The firm’s market cap is $3.75 billion. The stock’s 50-day moving average price is $12.34 and its 200 day moving average price is $13.99.
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NRG Energy (NYSE:NRG) last posted its earnings results on Tuesday, August 9th. The company reported ($0.61) earnings per share for the quarter, missing the consensus estimate of $0.15 by $0.76. The business had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $3.54 billion. NRG Energy had a positive return on equity of 3.12% and a negative net margin of 48.33%. NRG Energy’s revenue for the quarter was down 22.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.06) EPS. Equities research analysts expect that NRG Energy Inc. will post $0.95 earnings per share for the current fiscal year.
A number of large investors have recently bought and sold shares of the company. Acrospire Investment Management LLC acquired a new stake in NRG Energy during the second quarter valued at $148,000. BB&T Securities LLC purchased a new position in NRG Energy during the first quarter valued at approximately $138,000. Ontario Teachers Pension Plan Board purchased a new position in NRG Energy during the second quarter valued at approximately $164,000. ING Groep NV purchased a new position in NRG Energy during the second quarter valued at approximately $167,000. Finally, Virtu Financial LLC purchased a new position in NRG Energy during the second quarter valued at approximately $177,000. Hedge funds and other institutional investors own 96.18% of the company’s stock.
About NRG Energy
NRG Energy, Inc (NRG) is an integrated power company that produces, sells and delivers energy, and energy products and services in various power markets in the United States. The Company’s segments include NRG Business, which includes power generation, the carbon capture business and energy services; NRG Home, which includes NRG Home Retail, which consists of residential retail services and products, and NRG Home Solar, which includes the installation and leasing of residential solar services; NRG Renew, which includes solar and wind assets, excluding those in the NRG Yield and NRG Home Solar segments; NRG Yield, and corporate activities.
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