NRG Energy, Inc. (NYSE:NRG) Stock Rating Upgraded by ValuEngine
NRG Energy, Inc. (NYSE:NRG) was upgraded by research analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a note issued to investors on Thursday.
Several other equities research analysts have also recently weighed in on NRG. Goldman Sachs Group, Inc. (The) upgraded shares of NRG Energy from a “neutral” rating to a “buy” rating and raised their price objective for the company from $13.00 to $26.00 in a research report on Wednesday, March 29th. Deutsche Bank AG reduced their target price on shares of NRG Energy from $29.00 to $26.00 and set a “buy” rating on the stock in a research note on Tuesday, April 11th. Zacks Investment Research raised shares of NRG Energy from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Wednesday, April 12th. Barclays PLC reaffirmed an “overweight” rating and issued a $20.00 target price (up previously from $19.00) on shares of NRG Energy in a research note on Sunday, April 23rd. Finally, Williams Capital started coverage on shares of NRG Energy in a research note on Thursday, June 1st. They issued a “buy” rating and a $20.00 target price on the stock. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $20.43.
Shares of NRG Energy (NYSE:NRG) traded down 0.73% during mid-day trading on Thursday, hitting $16.24. 4,773,505 shares of the stock were exchanged. The company’s 50-day moving average is $16.42 and its 200-day moving average is $16.24. NRG Energy has a 1-year low of $9.84 and a 1-year high of $19.07. The firm’s market cap is $5.13 billion.
NRG Energy (NYSE:NRG) last posted its quarterly earnings data on Tuesday, May 2nd. The utilities provider reported ($0.52) earnings per share for the quarter, missing the consensus estimate of ($0.41) by $0.11. The company had revenue of $2.76 billion during the quarter, compared to analyst estimates of $3.29 billion. NRG Energy had a negative net margin of 7.81% and a positive return on equity of 7.01%. Equities research analysts anticipate that NRG Energy will post $0.68 earnings per share for the current fiscal year.
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Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in NRG Energy by 1.7% in the first quarter. Vanguard Group Inc. now owns 33,215,788 shares of the utilities provider’s stock valued at $621,135,000 after buying an additional 556,447 shares during the last quarter. BlackRock Inc. raised its position in NRG Energy by 5,026.6% in the first quarter. BlackRock Inc. now owns 19,983,017 shares of the utilities provider’s stock valued at $373,684,000 after buying an additional 19,593,226 shares during the last quarter. Elliott Management Corp raised its position in NRG Energy by 313.1% in the first quarter. Elliott Management Corp now owns 18,073,606 shares of the utilities provider’s stock valued at $337,976,000 after buying an additional 13,698,367 shares during the last quarter. Brahman Capital Corp. purchased a new position in NRG Energy during the first quarter valued at $186,827,000. Finally, FMR LLC raised its position in NRG Energy by 449.8% in the first quarter. FMR LLC now owns 6,986,918 shares of the utilities provider’s stock valued at $130,656,000 after buying an additional 5,716,029 shares during the last quarter. 93.47% of the stock is currently owned by institutional investors.
About NRG Energy
NRG Energy, Inc (NRG) is an integrated power company. The Company is engaged in producing, selling and delivering electricity and related products and services in various markets in the United States. The Company’s segments include Generation, Retail, Renewables, NRG Yield, Inc (NRG Yield) and Corporate activities.
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