NRG Energy (NRG) Rating Increased to Hold at Zacks Investment Research

NRG Energy (NYSE:NRG) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Monday.

According to Zacks, “Shares of NRG Energy  have gained in last 12 months compared with the loss of  the industry it belongs to. NRG Energy’s Transformation Plan is well poised with cost-saving measures, debt-reduction plans and expansion of renewable operations, which will drive growth. The company does not depend one single customer to generate revenues, therefore, migration of customers to other operators have lesser impact on its performance.NRG Energy is subject to stringent environmental regulations and intense competition in the wholesale power markets. A substantial amount of electricity still being produced from coal, remains a main cause of concern. Adverse weather conditions and risks relating to its international operation could impact performance of the company.”

Several other brokerages have also issued reports on NRG. ValuEngine lowered NRG Energy from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. SunTrust Banks reaffirmed a “hold” rating and set a $25.00 target price on shares of NRG Energy in a research report on Friday, October 20th. Finally, Bank of America began coverage on NRG Energy in a research report on Tuesday, October 24th. They set a “buy” rating and a $31.00 target price for the company. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $24.67.

Shares of NRG Energy (NYSE NRG) traded down $0.07 during trading hours on Monday, reaching $24.52. The company had a trading volume of 1,348,396 shares, compared to its average volume of 6,393,741. The company has a market cap of $7,786.22, a price-to-earnings ratio of -4.81 and a beta of 1.15. The company has a debt-to-equity ratio of 4.24, a quick ratio of 1.11 and a current ratio of 1.28. NRG Energy has a twelve month low of $14.52 and a twelve month high of $29.78.

A number of institutional investors have recently modified their holdings of the business. Sentry Investment Management LLC grew its holdings in NRG Energy by 1.1% during the 2nd quarter. Sentry Investment Management LLC now owns 21,736 shares of the utilities provider’s stock worth $374,000 after acquiring an additional 243 shares during the period. Thrivent Financial For Lutherans grew its holdings in NRG Energy by 4.4% during the 2nd quarter. Thrivent Financial For Lutherans now owns 12,070 shares of the utilities provider’s stock worth $208,000 after acquiring an additional 510 shares during the period. PNC Financial Services Group Inc. grew its holdings in NRG Energy by 6.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 21,991 shares of the utilities provider’s stock worth $379,000 after acquiring an additional 1,267 shares during the period. Fieldpoint Private Securities LLC grew its holdings in NRG Energy by 29.3% during the 3rd quarter. Fieldpoint Private Securities LLC now owns 8,407 shares of the utilities provider’s stock worth $215,000 after acquiring an additional 1,907 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in NRG Energy by 54.7% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 6,076 shares of the utilities provider’s stock worth $175,000 after acquiring an additional 2,148 shares during the period. Hedge funds and other institutional investors own 98.11% 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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