NRG Energy (NYSE:NRG) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

A number of other analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of NRG Energy from a “sell” rating to a “hold” rating in a research note on Friday, October 27th. Bank of America assumed coverage on shares of NRG Energy in a research note on Tuesday, October 24th. They issued a “buy” rating and a $31.00 price objective on the stock. SunTrust Banks reiterated a “hold” rating and issued a $25.00 price objective on shares of NRG Energy in a research note on Friday, October 20th. Finally, BidaskClub upgraded shares of NRG Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, August 16th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $24.67.

NRG Energy (NRG) traded up $0.30 during midday trading on Friday, hitting $27.95. 5,373,110 shares of the company’s stock were exchanged, compared to its average volume of 4,947,446. The stock has a market capitalization of $8,755.15, a PE ratio of 20.48 and a beta of 1.27. NRG Energy has a fifty-two week low of $10.98 and a fifty-two week high of $29.78. The company has a current ratio of 1.28, a quick ratio of 1.11 and a debt-to-equity ratio of 4.24.

NRG Energy (NYSE:NRG) last released 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 business had revenue of $3.05 billion during the quarter, compared to analyst estimates of $3.28 billion. NRG Energy had a positive return on equity of 8.82% and a negative net margin of 13.48%. The firm’s revenue was down 10.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.27 EPS. sell-side analysts forecast that NRG Energy will post 0.56 earnings per share for the current year.

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

Hedge funds have recently added to or reduced their stakes in the stock. Invictus RG acquired a new stake in NRG Energy during the third quarter valued at $110,000. Fieldpoint Private Securities LLC acquired a new stake in NRG Energy during the second quarter valued at $112,000. Parkwood LLC acquired a new stake in NRG Energy during the third quarter valued at $205,000. Quantitative Systematic Strategies LLC acquired a new stake in NRG Energy during the third quarter valued at $211,000. Finally, Visionary Asset Management Inc. acquired a new stake in NRG Energy during the third quarter valued at $216,000. Institutional investors own 97.36% of the company’s stock.

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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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Analyst Recommendations for NRG Energy (NYSE:NRG)

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