NRG Energy, Inc. (NRG) Receives $21.13 Average Target Price from Analysts
NRG Energy, Inc. (NYSE:NRG) has been given a consensus recommendation of “Buy” by the twelve analysts that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $22.25.
NRG has been the topic of a number of recent research reports. BidaskClub raised NRG Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Williams Capital initiated coverage on NRG Energy in a research report on Thursday, June 1st. They issued a “buy” rating and a $20.00 target price on the stock. Barclays PLC reaffirmed an “overweight” rating and issued a $27.00 target price on shares of NRG Energy in a research report on Thursday, July 13th. They noted that the move was a valuation call. Zacks Investment Research raised NRG Energy from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Tuesday, July 11th. Finally, ValuEngine downgraded NRG Energy from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd.
Shares of NRG Energy (NRG) remained flat at $23.88 on Friday. 2,930,288 shares of the stock traded hands. The firm’s 50 day moving average is $24.83 and its 200 day moving average is $19.31. NRG Energy has a 1-year low of $9.84 and a 1-year high of $26.25. The company’s market cap is $7.56 billion.
NRG Energy (NYSE:NRG) last released its earnings results on Thursday, August 3rd. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.31. The business 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%. NRG Energy’s quarterly revenue was up 20.2% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.61) earnings per share. Equities analysts forecast that NRG Energy will post $0.28 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders 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 yield of 0.50%. The ex-dividend date was Friday, July 28th. NRG Energy’s dividend payout ratio (DPR) is presently -2.75%.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Sentry Investment Management LLC increased its position in NRG Energy by 1.1% during the second quarter. Sentry Investment Management LLC now owns 21,736 shares of the utilities provider’s stock worth $374,000 after buying an additional 243 shares during the last quarter. Toronto Dominion Bank increased its position in NRG Energy by 26.1% during the second quarter. Toronto Dominion Bank now owns 103,193 shares of the utilities provider’s stock worth $1,777,000 after buying an additional 21,386 shares during the last quarter. WINTON GROUP Ltd grew its position in shares of NRG Energy by 244.0% in the second quarter. WINTON GROUP Ltd now owns 133,328 shares of the utilities provider’s stock valued at $2,296,000 after purchasing an additional 94,575 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new position in shares of NRG Energy in the second quarter valued at approximately $1,324,000. Finally, Cypress Capital Group acquired a new position in shares of NRG Energy in the second quarter valued at approximately $255,000. 91.65% of the stock is currently owned by hedge funds and other institutional investors.
About NRG Energy
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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