SunTrust Banks Comments on NRG Energy, Inc.’s Q2 2017 Earnings (NRG)
NRG Energy, Inc. (NYSE:NRG) – SunTrust Banks cut their Q2 2017 earnings per share estimates for NRG Energy in a report issued on Thursday. SunTrust Banks analyst A. Agha now anticipates that the utilities provider will earn $1.02 per share for the quarter, down from their previous forecast of $1.04. SunTrust Banks also issued estimates for NRG Energy’s Q3 2017 earnings at $1.33 EPS, Q4 2017 earnings at ($0.90) EPS, FY2017 earnings at $0.93 EPS, Q1 2018 earnings at ($0.51) EPS, Q2 2018 earnings at $1.04 EPS, Q3 2018 earnings at $1.35 EPS, Q4 2018 earnings at ($0.89) EPS, FY2018 earnings at $0.99 EPS, Q1 2019 earnings at ($0.39) EPS and FY2019 earnings at $1.45 EPS.
NRG Energy (NYSE:NRG) last issued its quarterly earnings results on Tuesday, May 2nd. The utilities provider reported ($0.52) EPS for the quarter, missing analysts’ consensus estimates of ($0.41) by $0.11. NRG Energy had a positive return on equity of 7.01% and a negative net margin of 7.81%. The company had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $3.29 billion.
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Several other equities analysts have also issued reports on the stock. Zacks Investment Research lowered shares of NRG Energy from a “buy” rating to a “hold” rating in a report on Tuesday, April 25th. Deutsche Bank AG cut their price objective on shares of NRG Energy from $29.00 to $26.00 and set a “buy” rating on the stock in a report on Tuesday, April 11th. Goldman Sachs Group, Inc. (The) raised shares of NRG Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $13.00 to $26.00 in a report on Wednesday, March 29th. Williams Capital initiated coverage on shares of NRG Energy in a report on Thursday, June 1st. They set a “buy” rating and a $20.00 price objective on the stock. Finally, Barclays PLC reissued an “overweight” rating and set a $20.00 price objective (up from $19.00) on shares of NRG Energy in a report on Sunday, April 23rd. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $21.13.
Shares of NRG Energy (NYSE:NRG) opened at 23.24 on Monday. NRG Energy has a 12 month low of $9.84 and a 12 month high of $23.36. The stock has a 50 day moving average price of $16.42 and a 200-day moving average price of $16.24. The company’s market capitalization is $7.35 billion.
Large investors have recently made changes to their positions in the stock. Contravisory Investment Management Inc. purchased a new stake in shares of NRG Energy during the first quarter valued at $281,000. Acadian Asset Management LLC purchased a new stake in shares of NRG Energy during the first quarter valued at $241,000. Quadrature Capital Ltd purchased a new stake in shares of NRG Energy during the fourth quarter valued at $1,036,000. Canyon Capital Advisors LLC purchased a new stake in shares of NRG Energy during the first quarter valued at $26,773,000. Finally, Eqis Capital Management Inc. purchased a new stake in shares of NRG Energy during the first quarter valued at $369,000. Institutional investors own 93.47% of the company’s stock.
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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