NRG Energy, Inc. (NYSE:NRG) saw a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 21,767,034 shares, an increase of 22.2% from the October 13th total of 17,813,966 shares. Currently, 7.1% of the shares of the stock are sold short. Based on an average trading volume of 4,871,158 shares, the short-interest ratio is currently 4.5 days.

NRG Energy (NRG) opened at $28.92 on Wednesday. The company has a current ratio of 1.28, a quick ratio of 1.11 and a debt-to-equity ratio of 4.24. The firm has a market cap of $8,976.79, a P/E ratio of 21.00 and a beta of 1.25. NRG Energy has a 1 year low of $10.75 and a 1 year high of $29.06.

NRG Energy (NYSE:NRG) last posted its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.61 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.51). The company had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $3.28 billion. NRG Energy had a positive return on equity of 8.82% and a negative net margin of 13.48%. The business’s revenue for the quarter was down 10.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.27 EPS.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.41%. NRG Energy’s payout ratio is currently -2.35%.

In other NRG Energy news, Director Barry T. Smitherman acquired 2,541 shares of the business’s stock in a transaction on Monday, November 6th. The stock was bought at an average price of $28.38 per share, for a total transaction of $72,113.58. Following the acquisition, the director now owns 49,000 shares in the company, valued at $1,390,620. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.31% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the stock. Invictus RG purchased a new position in shares of NRG Energy during the 3rd quarter worth approximately $110,000. Fieldpoint Private Securities LLC purchased a new position in shares of NRG Energy during the 2nd quarter worth approximately $112,000. Parkwood LLC purchased a new position in shares of NRG Energy during the 3rd quarter worth approximately $205,000. Quantitative Systematic Strategies LLC purchased a new position in shares of NRG Energy during the 3rd quarter worth approximately $211,000. Finally, Ballentine Partners LLC purchased a new position in shares of NRG Energy during the 2nd quarter worth approximately $209,000. 91.79% of the stock is owned by hedge funds and other institutional investors.

NRG has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of NRG Energy from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Tuesday, September 12th. BidaskClub upgraded shares of NRG Energy from a “hold” rating to a “buy” rating in a report on Wednesday, August 16th. Bank of America Corporation initiated coverage on shares of NRG Energy in a report on Tuesday, October 24th. They set a “buy” rating and a $31.00 price target for the company. ValuEngine downgraded shares of NRG Energy from a “strong-buy” rating to a “buy” rating in a report on Friday, October 27th. Finally, SunTrust Banks, Inc. restated a “hold” rating and set a $25.00 price target on shares of NRG Energy in a report on Friday, October 20th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. NRG Energy currently has a consensus rating of “Buy” and an average target price of $24.67.

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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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