SunTrust Banks Weighs in on NRG Energy Inc.’s Q4 2016 Earnings (NRG)
NRG Energy Inc. (NYSE:NRG) – Research analysts at SunTrust Banks boosted their Q4 2016 earnings estimates for shares of NRG Energy in a report released on Monday. SunTrust Banks analyst A. Agha now anticipates that the firm will post earnings of ($0.99) per share for the quarter, up from their prior estimate of ($1.14). SunTrust Banks also issued estimates for NRG Energy’s Q2 2017 earnings at $0.51 EPS, Q3 2017 earnings at $1.14 EPS, FY2017 earnings at $0.66 EPS, Q1 2018 earnings at $0.35 EPS, Q2 2018 earnings at $0.53 EPS, Q3 2018 earnings at $1.16 EPS and FY2018 earnings at $0.73 EPS.
NRG Energy (NYSE:NRG) last posted its earnings results on Friday, November 4th. The company reported $1.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.48. The company earned $3.95 billion during the quarter, compared to analyst estimates of $4.15 billion. NRG Energy had a positive return on equity of 10.15% and a negative net margin of 47.59%. The business’s revenue was down 10.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.65 earnings per share.
A number of other research firms have also recently issued reports on NRG. Barclays PLC restated a “buy” rating and set a $16.00 price target on shares of NRG Energy in a report on Monday. Zacks Investment Research cut shares of NRG Energy from a “buy” rating to a “hold” rating in a report on Thursday, July 21st. Citigroup Inc. upgraded shares of NRG Energy from a “sell” rating to a “neutral” rating and set a $11.00 price target for the company in a report on Monday. TheStreet cut shares of NRG Energy from a “hold” rating to a “sell” rating in a report on Thursday, September 8th. Finally, Deutsche Bank AG restated a “buy” rating and set a $21.00 price target on shares of NRG Energy in a report on Wednesday, August 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $16.42.
NRG Energy (NYSE:NRG) opened at 11.07 on Wednesday. The company’s market capitalization is $3.50 billion. NRG Energy has a 12-month low of $8.80 and a 12-month high of $18.32. The stock’s 50 day moving average price is $11.12 and its 200 day moving average price is $13.42.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 15th. Investors of record on Tuesday, November 1st will be given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend is Friday, October 28th. NRG Energy’s dividend payout ratio (DPR) is presently -0.66%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Toronto Dominion Bank raised its position in NRG Energy by 431.7% in the third quarter. Toronto Dominion Bank now owns 9,204 shares of the company’s stock valued at $103,000 after buying an additional 7,473 shares during the period. Nine Chapters Capital Management LLC acquired a new position in NRG Energy during the third quarter valued at about $114,000. BB&T Securities LLC acquired a new position in NRG Energy during the third quarter valued at about $136,000. Advisor Partners LLC raised its position in NRG Energy by 7.6% in the third quarter. Advisor Partners LLC now owns 13,021 shares of the company’s stock valued at $146,000 after buying an additional 919 shares during the period. Finally, Acrospire Investment Management LLC acquired a new position in NRG Energy during the second quarter valued at about $148,000. 95.97% of the stock is owned by hedge funds and other institutional investors.
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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