NRG Energy, Inc. (NYSE:NRG) has received an average recommendation of “Buy” from the twelve brokerages that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $22.25.
A number of analysts have recently commented on the company. BidaskClub raised NRG Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. ValuEngine downgraded NRG Energy from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Williams Capital assumed coverage on NRG Energy in a research note on Thursday, June 1st. They issued a “buy” rating and a $20.00 price objective on the stock. UBS AG raised NRG Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $19.00 to $20.00 in a research note on Thursday, June 1st. Finally, Zacks Investment Research raised NRG Energy from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Tuesday, July 11th.
Several institutional investors have recently made changes to their positions in NRG. BlackRock Inc. raised its position in shares of NRG Energy by 5,026.6% during the first quarter. BlackRock Inc. now owns 19,983,017 shares of the utilities provider’s stock worth $373,684,000 after purchasing an additional 19,593,226 shares during the period. Elliott Management Corp raised its position in shares of NRG Energy by 313.1% during the first quarter. Elliott Management Corp now owns 18,073,606 shares of the utilities provider’s stock worth $337,976,000 after purchasing an additional 13,698,367 shares during the period. Brahman Capital Corp. acquired a new stake in shares of NRG Energy during the first quarter worth $186,827,000. FMR LLC raised its position in shares of NRG Energy by 449.8% during the first quarter. FMR LLC now owns 6,986,918 shares of the utilities provider’s stock worth $130,656,000 after purchasing an additional 5,716,029 shares during the period. Finally, Janus Henderson Group PLC raised its position in shares of NRG Energy by 42,970.1% during the second quarter. Janus Henderson Group PLC now owns 5,517,278 shares of the utilities provider’s stock worth $95,007,000 after purchasing an additional 5,504,468 shares during the period. 91.65% of the stock is currently owned by institutional investors.
NRG Energy (NYSE:NRG) traded down 1.99% during mid-day trading on Friday, reaching $23.09. The company’s stock had a trading volume of 6,542,729 shares. NRG Energy has a 1-year low of $9.84 and a 1-year high of $26.25. The firm has a 50 day moving average price of $24.76 and a 200-day moving average price of $19.39. The company’s market capitalization is $7.31 billion.
NRG Energy (NYSE:NRG) last announced its earnings results on Thursday, August 3rd. The utilities provider reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.31. The firm had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $3.19 billion. NRG Energy had a positive return on equity of 12.38% and a negative net margin of 10.67%. The firm’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.61) EPS. On average, equities analysts predict that NRG Energy will post $0.28 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend was Friday, July 28th. NRG Energy’s dividend payout ratio (DPR) is presently -2.75%.
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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