ValuEngine cut shares of NRG Energy (NYSE:NRG) from a buy rating to a hold rating in a research report sent to investors on Friday.

A number of other equities research analysts have also recently commented on the company. Zacks Investment Research raised NRG Energy from a hold rating to a buy rating and set a $27.00 price objective for the company in a research note on Tuesday, September 12th. Bank of America assumed coverage on NRG Energy in a research note on Tuesday, October 24th. They set a buy rating and a $31.00 price objective for the company. SunTrust Banks reaffirmed a hold rating and set a $25.00 price objective on shares of NRG Energy in a research note on Friday, October 20th. Finally, BidaskClub raised NRG Energy from a hold rating to a buy rating in a research note on Wednesday, August 16th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $24.67.

NRG Energy (NYSE NRG) traded down $0.54 during mid-day trading on Friday, hitting $27.41. The stock had a trading volume of 9,521,100 shares, compared to its average volume of 6,172,009. The company has a market capitalization of $8,850.14, a P/E ratio of 20.70 and a beta of 1.28. NRG Energy has a 12 month low of $11.06 and a 12 month high of $29.78. The company has a current ratio of 1.28, a quick ratio of 1.11 and a debt-to-equity ratio of 4.24.

NRG Energy (NYSE:NRG) last released its earnings results on Thursday, November 2nd. The utilities provider reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.51). The firm had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $3.28 billion. NRG Energy had a positive return on equity of 8.82% and a negative net margin of 13.48%. The company’s revenue was down 10.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.27 EPS. analysts predict that NRG Energy will post 0.56 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st were paid a $0.03 dividend. The ex-dividend date was Tuesday, October 31st. This represents a $0.12 dividend on an annualized basis and a yield of 0.44%. NRG Energy’s payout ratio is -2.35%.

In other NRG Energy news, Director Barry T. Smitherman bought 2,541 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was purchased at an average cost of $28.38 per share, with a total value of $72,113.58. Following the completion of the purchase, the director now owns 49,000 shares in the company, valued at $1,390,620. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.31% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the business. Visionary Asset Management Inc. bought a new stake in shares of NRG Energy in the third quarter valued at about $216,000. Fieldpoint Private Securities LLC lifted its holdings in shares of NRG Energy by 29.3% in the third quarter. Fieldpoint Private Securities LLC now owns 8,407 shares of the utilities provider’s stock valued at $215,000 after purchasing an additional 1,907 shares in the last quarter. Neuberger Berman Group LLC lifted its holdings in shares of NRG Energy by 8.9% in the third quarter. Neuberger Berman Group LLC now owns 5,779,835 shares of the utilities provider’s stock valued at $147,906,000 after purchasing an additional 474,714 shares in the last quarter. Highbridge Capital Management LLC bought a new stake in shares of NRG Energy in the third quarter valued at about $5,678,000. Finally, Janus Henderson Group PLC lifted its holdings in shares of NRG Energy by 20.9% in the third quarter. Janus Henderson Group PLC now owns 6,671,449 shares of the utilities provider’s stock valued at $170,723,000 after purchasing an additional 1,154,171 shares in the last quarter. 97.35% of the stock is owned by hedge funds and other institutional investors.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for NRG Energy (NYSE:NRG)

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