NRG Energy, Inc. (NYSE:NRG) has earned an average recommendation of “Buy” from the twelve research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, nine have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $21.13.

NRG has been the subject of several recent research reports. Zacks Investment Research upgraded NRG Energy from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Tuesday, July 11th. BidaskClub upgraded NRG Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. ValuEngine cut NRG Energy from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Williams Capital initiated coverage on NRG Energy in a research note on Thursday, June 1st. They issued a “buy” rating and a $20.00 price objective for the company. Finally, UBS AG upgraded NRG Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $19.00 to $20.00 in a research note on Thursday, June 1st.

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Shares of NRG Energy (NRG) remained flat at $25.47 during mid-day trading on Tuesday. 3,567,064 shares of the company’s stock traded hands. NRG Energy has a 52 week low of $9.84 and a 52 week high of $25.68. The firm has a 50 day moving average price of $21.86 and a 200-day moving average price of $18.21. The stock’s market capitalization is $8.06 billion. NRG Energy also was the target of some unusual options trading on Monday. Investors purchased 9,333 call options on the stock. This represents an increase of approximately 583% compared to the typical volume of 1,366 call options.

NRG Energy (NYSE:NRG) last announced its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.31. The business had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $3.19 billion. NRG Energy had a positive return on equity of 12.38% and a negative net margin of 10.67%. The business’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same quarter last year, the business posted ($0.61) EPS. Equities research analysts predict that NRG Energy will post $0.59 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.47%. The ex-dividend date is Friday, July 28th. NRG Energy’s payout ratio is -2.75%.

A number of large investors have recently bought and sold shares of NRG. Acadian Asset Management LLC acquired a new stake in NRG Energy during the first quarter valued at $241,000. Canyon Capital Advisors LLC acquired a new stake in NRG Energy during the first quarter valued at $26,773,000. Eqis Capital Management Inc. acquired a new stake in NRG Energy during the first quarter valued at $369,000. Atria Investments LLC acquired a new stake in NRG Energy during the first quarter valued at $608,000. Finally, PNC Financial Services Group Inc. boosted its stake in NRG Energy by 7.3% in the first quarter. PNC Financial Services Group Inc. now owns 20,724 shares of the utilities provider’s stock valued at $386,000 after buying an additional 1,409 shares during the last quarter. Hedge funds and other institutional investors own 91.30% 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.

Analyst Recommendations for NRG Energy (NYSE:NRG)

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