NRG Energy, Inc. (NRG) Given Consensus Rating of “Buy” by Brokerages
Shares of NRG Energy, Inc. (NYSE:NRG) have received an average recommendation of “Buy” from the twelve ratings firms that are currently covering the company, Marketbeat reports. One 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 twelve-month price target among analysts that have covered the stock in the last year is $21.13.
A number of equities research analysts have weighed in on NRG shares. Williams Capital started coverage on NRG Energy in a research report on Thursday, June 1st. They set a “buy” rating and a $20.00 target price for the company. ValuEngine lowered NRG Energy from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. BidaskClub raised NRG Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Barclays PLC reaffirmed an “overweight” rating and set 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, Zacks Investment Research upgraded NRG Energy from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Tuesday, July 11th.
Shares of NRG Energy (NYSE:NRG) traded down 0.87% during midday trading on Friday, reaching $23.92. The company had a trading volume of 2,427,475 shares. The firm’s 50 day moving average price is $24.82 and its 200-day moving average price is $19.26. NRG Energy has a 1-year low of $9.84 and a 1-year high of $26.25. The stock’s market capitalization is $7.57 billion.
NRG Energy (NYSE:NRG) last issued its earnings results on Thursday, August 3rd. The utilities provider reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.31. The business had revenue of $2.70 billion during the quarter, compared to analyst estimates of $3.19 billion. NRG Energy had a positive return on equity of 12.38% and a negative net margin of 10.67%. NRG Energy’s revenue was up 20.2% on a year-over-year basis. During the same period in the previous year, the company posted ($0.61) EPS. Equities research analysts expect that NRG Energy will post $0.28 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st were issued a $0.03 dividend. The ex-dividend date was Friday, July 28th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.50%. NRG Energy’s dividend payout ratio is presently -2.75%.
Large investors have recently made changes to their positions in the company. Acadian Asset Management LLC purchased a new position in NRG Energy during the 1st quarter worth $241,000. Canyon Capital Advisors LLC purchased a new position in NRG Energy during the 1st quarter worth $26,773,000. PNC Financial Services Group Inc. grew its stake in NRG Energy by 7.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 20,724 shares of the utilities provider’s stock worth $386,000 after buying an additional 1,409 shares during the last quarter. Pacer Advisors Inc. grew its stake in NRG Energy by 18.9% during the 1st quarter. Pacer Advisors Inc. now owns 39,574 shares of the utilities provider’s stock worth $740,000 after buying an additional 6,289 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in NRG Energy by 29.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,438 shares of the utilities provider’s stock worth $438,000 after buying an additional 5,355 shares during the last quarter. Institutional investors and hedge funds own 91.65% of the company’s stock.
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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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