NRG Energy, Inc. (NYSE:NRG) Given Consensus Recommendation of “Buy” by Analysts
Shares of NRG Energy, Inc. (NYSE:NRG) have been given a consensus recommendation of “Buy” by the twelve ratings firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, nine have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $21.13.
NRG has been the subject of a number of analyst reports. Williams Capital initiated coverage on shares of NRG Energy in a research note on Thursday, June 1st. They issued a “buy” rating and a $20.00 price objective for the company. ValuEngine cut shares of NRG Energy from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. BidaskClub raised shares of NRG Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. Zacks Investment Research cut shares of NRG Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, April 25th. Finally, Barclays PLC reissued an “overweight” rating and issued a $27.00 price objective on shares of NRG Energy in a research note on Thursday, July 13th. They noted that the move was a valuation call.
Institutional investors have recently modified their holdings of the company. Ameritas Investment Partners Inc. bought a new position in shares of NRG Energy during the first quarter worth $141,000. Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of NRG Energy during the fourth quarter worth $125,000. Edmond DE Rothschild Holding S.A. bought a new position in shares of NRG Energy during the first quarter worth $194,000. Thrivent Financial for Lutherans raised its position in shares of NRG Energy by 6.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 10,920 shares of the utilities provider’s stock worth $134,000 after buying an additional 680 shares in the last quarter. Finally, Thrivent Financial For Lutherans raised its position in shares of NRG Energy by 5.9% in the first quarter. Thrivent Financial For Lutherans now owns 11,560 shares of the utilities provider’s stock worth $216,000 after buying an additional 640 shares in the last quarter. Hedge funds and other institutional investors own 92.49% of the company’s stock.
Shares of NRG Energy (NRG) traded up 1.58% on Friday, reaching $24.49. 8,096,606 shares of the company’s stock traded hands. NRG Energy has a 52-week low of $9.84 and a 52-week high of $24.59. The firm’s 50-day moving average is $18.05 and its 200-day moving average is $16.99. The stock’s market cap is $7.74 billion.
NRG Energy (NYSE:NRG) last announced its quarterly earnings data on Tuesday, May 2nd. The utilities provider reported ($0.52) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.41) by $0.11. The firm had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $3.29 billion. NRG Energy had a positive return on equity of 7.01% and a negative net margin of 7.81%. Analysts anticipate that NRG Energy will post $0.60 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Friday, July 28th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.49%. NRG Energy’s dividend payout ratio is -4.01%.
NRG Energy Company Profile
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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