NRG Energy Inc (NYSE:NRG) – Analysts at SunTrust Banks decreased their Q4 2017 earnings per share estimates for NRG Energy in a research report issued on Thursday. SunTrust Banks analyst A. Agha now expects that the utilities provider will earn ($0.08) per share for the quarter, down from their prior forecast of ($0.01). SunTrust Banks has a “Hold” rating and a $25.00 price objective on the stock. SunTrust Banks also issued estimates for NRG Energy’s Q1 2018 earnings at ($0.22) EPS, Q3 2018 earnings at $0.98 EPS, FY2018 earnings at $1.68 EPS, Q1 2019 earnings at ($0.30) EPS, Q2 2019 earnings at $0.63 EPS, Q4 2019 earnings at $0.14 EPS and FY2019 earnings at $1.36 EPS.
Several other brokerages have also recently issued reports on NRG. Bank of America started coverage on shares of NRG Energy in a research note on Tuesday, October 24th. They set a “buy” rating and a $31.00 price objective for the company. Zacks Investment Research upgraded shares of NRG Energy from a “sell” rating to a “hold” rating in a report on Friday, October 27th. Finally, ValuEngine lowered shares of NRG Energy from a “buy” rating to a “hold” rating in a report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $24.67.
A number of hedge funds have recently modified their holdings of NRG. Prudential Financial Inc. lifted its holdings in NRG Energy by 202.6% in the 3rd quarter. Prudential Financial Inc. now owns 3,363,988 shares of the utilities provider’s stock worth $86,086,000 after buying an additional 2,252,400 shares in the last quarter. Jennison Associates LLC lifted its holdings in NRG Energy by 82.1% in the 3rd quarter. Jennison Associates LLC now owns 3,261,902 shares of the utilities provider’s stock worth $83,472,000 after buying an additional 1,470,410 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in NRG Energy by 20.9% in the 3rd quarter. Janus Henderson Group PLC now owns 6,671,449 shares of the utilities provider’s stock worth $170,723,000 after buying an additional 1,154,171 shares in the last quarter. Hennessy Advisors Inc. acquired a new position in NRG Energy in the 4th quarter worth $30,869,000. Finally, Cornerstone Capital Management Holdings LLC. lifted its holdings in NRG Energy by 887.4% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 1,130,699 shares of the utilities provider’s stock worth $28,932,000 after buying an additional 1,016,184 shares in the last quarter. Hedge funds and other institutional investors own 97.89% of the company’s stock.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st will be issued a $0.03 dividend. The ex-dividend date is Wednesday, January 31st. This represents a $0.12 dividend on an annualized basis and a yield of 0.49%. NRG Energy’s dividend payout ratio is currently -2.35%.
WARNING: This piece was posted by American Banking News and is the property of of American Banking News. If you are accessing this piece on another website, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2018/02/12/research-analysts-offer-predictions-for-nrg-energy-incs-q4-2017-earnings-nrg.html.
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.
Receive News & Ratings for NRG Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NRG Energy and related companies with MarketBeat.com's FREE daily email newsletter.