Brokerages Set NRG Energy Inc. (NYSE:NRG) PT at $16.77
NRG Energy Inc. (NYSE:NRG) has earned a consensus recommendation of “Hold” from the ten research firms that are currently covering the firm. Two research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $16.77.
NRG has been the subject of several research reports. Deutsche Bank AG reiterated a “buy” rating and set a $21.00 price target on shares of NRG Energy in a research report on Wednesday, August 10th. Citigroup Inc. reiterated a “sell” rating and set a $14.00 price target (up from $13.00) on shares of NRG Energy in a research report on Friday, June 10th. Zacks Investment Research upgraded NRG Energy from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Wednesday, July 20th. TheStreet cut NRG Energy from a “hold” rating to a “sell” rating in a research report on Thursday, September 8th. Finally, Barclays PLC dropped their price target on NRG Energy from $20.00 to $18.00 and set an “overweight” rating for the company in a research report on Wednesday, August 10th.
Institutional investors have recently made changes to their positions in the stock. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of NRG Energy during the second quarter valued at approximately $191,000. Kentucky Retirement Systems acquired a new position in shares of NRG Energy during the second quarter valued at approximately $401,000. Mason Street Advisors LLC acquired a new position in shares of NRG Energy during the second quarter valued at approximately $636,000. Calvert Investment Management Inc. raised its position in shares of NRG Energy by 0.4% in the second quarter. Calvert Investment Management Inc. now owns 73,592 shares of the company’s stock valued at $1,103,000 after buying an additional 268 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its position in shares of NRG Energy by 5.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,455,653 shares of the company’s stock valued at $21,821,000 after buying an additional 70,820 shares during the period. 96.18% of the stock is currently owned by institutional investors and hedge funds.
Shares of NRG Energy (NYSE:NRG) opened at 11.05 on Friday. The company’s market capitalization is $3.48 billion. The company has a 50-day moving average price of $11.80 and a 200-day moving average price of $13.84. NRG Energy has a 12 month low of $8.80 and a 12 month high of $18.32.
NRG Energy (NYSE:NRG) last posted its quarterly earnings data on Tuesday, August 9th. The company reported ($0.61) EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by $0.76. The business earned $2.64 billion during the quarter, compared to analysts’ expectations of $3.54 billion. NRG Energy had a negative net margin of 48.33% and a positive return on equity of 3.12%. The firm’s quarterly revenue was down 22.4% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.06) earnings per share. On average, analysts forecast that NRG Energy will post $0.96 EPS for the current fiscal year.
NRG Energy Company Profile
NRG Energy, Inc (NRG) is an integrated power company that produces, sells and delivers energy, and energy products and services in various power markets in the United States. The Company’s segments include NRG Business, which includes power generation, the carbon capture business and energy services; NRG Home, which includes NRG Home Retail, which consists of residential retail services and products, and NRG Home Solar, which includes the installation and leasing of residential solar services; NRG Renew, which includes solar and wind assets, excluding those in the NRG Yield and NRG Home Solar segments; NRG Yield, and corporate activities.
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