Shares of NRG Energy, Inc. (NYSE:NRG) have received a consensus recommendation of “Buy” from the eleven brokerages that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $44.17.
Several analysts recently issued reports on the company. Morgan Stanley cut their price objective on NRG Energy from $59.00 to $51.00 and set an “overweight” rating for the company in a report on Wednesday, March 24th. Guggenheim lowered NRG Energy from a “buy” rating to a “neutral” rating in a report on Wednesday, March 17th. Zacks Investment Research upgraded NRG Energy from a “sell” rating to a “hold” rating and set a $39.00 price objective for the company in a report on Thursday, January 7th. Citigroup increased their price objective on NRG Energy from $34.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, February 4th. Finally, Wolfe Research reissued a “peer perform” rating and set a $47.00 target price on shares of NRG Energy in a research report on Tuesday, March 23rd.
Several large investors have recently modified their holdings of the company. First National Bank of South Miami grew its position in shares of NRG Energy by 11.1% in the fourth quarter. First National Bank of South Miami now owns 2,729 shares of the utilities provider’s stock valued at $102,000 after purchasing an additional 272 shares during the last quarter. M&T Bank Corp grew its position in shares of NRG Energy by 3.0% in the fourth quarter. M&T Bank Corp now owns 9,997 shares of the utilities provider’s stock valued at $375,000 after purchasing an additional 293 shares during the last quarter. Acadian Asset Management LLC grew its position in shares of NRG Energy by 6.8% in the third quarter. Acadian Asset Management LLC now owns 6,144 shares of the utilities provider’s stock valued at $189,000 after purchasing an additional 390 shares during the last quarter. Sawtooth Solutions LLC grew its position in shares of NRG Energy by 11.2% in the fourth quarter. Sawtooth Solutions LLC now owns 7,547 shares of the utilities provider’s stock valued at $283,000 after purchasing an additional 758 shares during the last quarter. Finally, Regent Peak Wealth Advisors LLC acquired a new stake in shares of NRG Energy in the fourth quarter valued at about $28,000. 95.67% of the stock is currently owned by institutional investors.
Shares of NRG traded up $0.20 during mid-day trading on Thursday, reaching $38.35. The company’s stock had a trading volume of 3,700,893 shares, compared to its average volume of 3,725,000. The business has a fifty day moving average of $38.65 and a 200 day moving average of $35.99. The company has a market cap of $9.38 billion, a price-to-earnings ratio of 2.44 and a beta of 1.00. NRG Energy has a 1 year low of $28.22 and a 1 year high of $44.08. The company has a quick ratio of 1.39, a current ratio of 1.55 and a debt-to-equity ratio of 2.99.
NRG Energy (NYSE:NRG) last announced its quarterly earnings data on Sunday, February 28th. The utilities provider reported ($0.71) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($1.08). NRG Energy had a return on equity of 50.32% and a net margin of 43.90%. The firm had revenue of $2.03 billion for the quarter. On average, analysts predict that NRG Energy will post 4.77 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 16th. Shareholders of record on Monday, February 1st were given a dividend of $0.325 per share. This represents a $1.30 annualized dividend and a yield of 3.39%. This is an increase from NRG Energy’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, January 29th. NRG Energy’s dividend payout ratio is presently 32.83%.
NRG Energy Company Profile
NRG Energy, Inc, together with its subsidiaries, operates as an integrated power company in the United States. It operates through Texas, East, and West. The company is involved in the producing, selling, and delivering electricity and related products and services to 3.6 million residential, industrial, and commercial consumers.
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