Shares of NRG Energy Inc (NYSE:NRG) have been assigned a consensus recommendation of “Hold” from the nine analysts that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $45.13.
A number of brokerages have recently weighed in on NRG. Zacks Investment Research cut NRG Energy from a “strong-buy” rating to a “hold” rating and set a $41.00 price target on the stock. in a research report on Monday, May 27th. Morgan Stanley set a $46.00 target price on NRG Energy and gave the company a “hold” rating in a research report on Thursday, May 16th. Goldman Sachs Group upgraded NRG Energy from a “buy” rating to a “conviction-buy” rating and set a $56.00 target price on the stock in a research report on Monday, June 24th. Finally, ValuEngine cut NRG Energy from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Redhawk Wealth Advisors Inc. acquired a new position in shares of NRG Energy during the 2nd quarter valued at $26,000. Valeo Financial Advisors LLC increased its position in shares of NRG Energy by 758.5% during the 2nd quarter. Valeo Financial Advisors LLC now owns 807 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 713 shares during the period. Global Retirement Partners LLC acquired a new position in shares of NRG Energy during the 1st quarter valued at $31,000. Point72 Hong Kong Ltd acquired a new position in shares of NRG Energy during the 2nd quarter valued at $34,000. Finally, CSat Investment Advisory L.P. increased its position in shares of NRG Energy by 128.2% during the 2nd quarter. CSat Investment Advisory L.P. now owns 1,312 shares of the utilities provider’s stock valued at $46,000 after purchasing an additional 737 shares during the period. Hedge funds and other institutional investors own 97.25% of the company’s stock.
Shares of NRG Energy stock traded up $0.29 on Friday, reaching $34.27. 50,604 shares of the company were exchanged, compared to its average volume of 3,301,578. The stock has a 50-day moving average price of $34.89. The stock has a market capitalization of $8.59 billion, a price-to-earnings ratio of 14.22, a price-to-earnings-growth ratio of 0.24 and a beta of 0.79. NRG Energy has a 1-year low of $32.42 and a 1-year high of $43.66.
NRG Energy (NYSE:NRG) last announced its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.08). The company had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.52 billion. NRG Energy had a negative return on equity of 45.11% and a net margin of 6.20%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 earnings per share. Equities analysts forecast that NRG Energy will post 3.83 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be given a $0.12 dividend. This is a boost from NRG Energy’s previous quarterly dividend of $0.03. This represents a $0.48 annualized dividend and a yield of 1.40%. The ex-dividend date is Wednesday, July 31st. NRG Energy’s dividend payout ratio (DPR) is currently 4.98%.
NRG Energy Company Profile
NRG Energy, Inc, together with its subsidiaries, operates as an energy company in the United States. The company is involved in the producing, selling, and delivering electricity and related products and services to 3.1 million residential, industrial, and commercial consumers. It generates electricity using natural gas, coal, oil, solar, nuclear, wind, fossil fuel, and nuclear sources.
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