Shares of NRG Energy Inc. (NYSE:NRG) have received a consensus recommendation of “Hold” from the ten brokerages that are currently covering the stock. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $16.77.
A number of research firms have commented on NRG. Citigroup Inc. reaffirmed a “sell” rating and set a $14.00 target price (up previously from $13.00) on shares of NRG Energy in a report on Friday, June 10th. Zacks Investment Research lowered shares of NRG Energy from a “buy” rating to a “hold” rating in a report on Thursday, July 21st. Deutsche Bank AG reaffirmed a “buy” rating and set a $21.00 target price on shares of NRG Energy in a report on Wednesday, August 10th. Barclays PLC lowered their target price on shares of NRG Energy from $20.00 to $18.00 and set an “overweight” rating for the company in a report on Wednesday, August 10th. Finally, TheStreet cut shares of NRG Energy from a “hold” rating to a “sell” rating in a research report on Thursday, September 8th.
Large investors have recently bought and sold shares of the stock. Sentry Investment Management LLC boosted its stake in NRG Energy by 82.9% in the first quarter. Sentry Investment Management LLC now owns 25,451 shares of the company’s stock valued at $331,000 after buying an additional 11,536 shares in the last quarter. Tobam raised its stake in shares of NRG Energy by 143.1% in the first quarter. Tobam now owns 1,332,976 shares of the company’s stock valued at $17,342,000 after buying an additional 784,610 shares during the last quarter. BlackRock Japan Co. Ltd raised its stake in shares of NRG Energy by 9.8% in the first quarter. BlackRock Japan Co. Ltd now owns 445,194 shares of the company’s stock valued at $5,792,000 after buying an additional 39,876 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of NRG Energy by 6.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 9,322,483 shares of the company’s stock valued at $121,286,000 after buying an additional 540,127 shares during the last quarter. Finally, BlackRock Fund Advisors raised its stake in shares of NRG Energy by 1.9% in the first quarter. BlackRock Fund Advisors now owns 5,196,524 shares of the company’s stock valued at $67,607,000 after buying an additional 96,569 shares during the last quarter. 96.18% of the stock is currently owned by institutional investors and hedge funds.
NRG Energy (NYSE:NRG) opened at 11.21 on Friday. NRG Energy has a 52-week low of $8.80 and a 52-week high of $18.32. The firm’s market capitalization is $3.53 billion. The firm’s 50-day moving average is $11.89 and its 200 day moving average is $13.88.
NRG Energy (NYSE:NRG) last released its earnings results on Tuesday, August 9th. The company reported ($0.61) EPS for the quarter, missing analysts’ consensus estimates of $0.15 by $0.76. NRG Energy had a positive return on equity of 3.12% and a negative net margin of 48.33%. The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $3.54 billion. During the same period in the prior year, the firm posted ($0.06) EPS. NRG Energy’s revenue was down 22.4% on a year-over-year basis. Equities analysts anticipate that NRG Energy will post $0.96 EPS for the current 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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