NRG Energy, Inc. (NRG) Upgraded to “Buy” by BidaskClub
NRG Energy, Inc. (NYSE:NRG) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.
Other equities research analysts have also recently issued research reports about the company. UBS AG upgraded NRG Energy from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $19.00 to $20.00 in a report on Thursday, June 1st. ValuEngine raised NRG Energy from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 6th. Zacks Investment Research raised NRG Energy from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research report on Tuesday, July 11th. Barclays PLC reissued an “overweight” rating and issued a $27.00 target price on shares of NRG Energy in a research report on Thursday, July 13th. They noted that the move was a valuation call. Finally, Williams Capital initiated coverage on NRG Energy in a research report on Thursday, June 1st. They issued a “buy” rating and a $20.00 target price for the company. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $21.13.
NRG Energy (NYSE NRG) traded up 0.79% during trading on Wednesday, hitting $25.67. The company had a trading volume of 3,725,829 shares. NRG Energy has a 1-year low of $9.84 and a 1-year high of $25.94. The stock’s market capitalization is $8.12 billion. The company’s 50 day moving average price is $22.33 and its 200-day moving average price is $18.33. NRG Energy also was the target of unusually large options trading on Monday. Stock traders acquired 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 released its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.31. NRG Energy had a positive return on equity of 12.38% and a negative net margin of 10.67%. The business had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $3.19 billion. During the same quarter last year, the business posted ($0.61) EPS. The business’s revenue was up 20.2% on a year-over-year basis. On average, analysts expect that NRG Energy will post $0.59 EPS for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of NRG. Fieldpoint Private Securities LLC bought a new position in NRG Energy during the second quarter worth $112,000. Ameritas Investment Partners Inc. bought a new position in NRG Energy during the first quarter worth $141,000. Campbell & CO Investment Adviser LLC bought a new position in NRG Energy during the second quarter worth $186,000. Edmond DE Rothschild Holding S.A. bought a new position in NRG Energy during the first quarter worth $194,000. Finally, Thrivent Financial For Lutherans raised its position in NRG Energy by 4.4% in the second quarter. Thrivent Financial For Lutherans now owns 12,070 shares of the utilities provider’s stock worth $208,000 after buying an additional 510 shares during the period. 91.30% of the stock is 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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