Traders Buy NRG Energy, Inc. (NRG) on Weakness

Investors bought shares of NRG Energy, Inc. (NYSE:NRG) on weakness during trading on Wednesday. $79.73 million flowed into the stock on the tick-up and $12.99 million flowed out of the stock on the tick-down, for a money net flow of $66.74 million into the stock. Of all companies tracked, NRG Energy had the 6th highest net in-flow for the day. NRG Energy traded down ($0.12) for the day and closed at $25.77

Several analysts have issued reports on NRG shares. BidaskClub upgraded NRG Energy from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. ValuEngine upgraded NRG Energy from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 6th. Zacks Investment Research upgraded NRG Energy from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Tuesday, July 11th. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $27.00 target price on shares of NRG Energy in a research note on Thursday, July 13th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $22.25.

The firm’s market cap is $8.16 billion. The firm’s 50-day moving average is $24.64 and its 200-day moving average is $20.19.

NRG Energy (NYSE:NRG) last released its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.36 EPS for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.31. The company had revenue of $2.70 billion for the quarter, compared to analyst estimates 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 revenue was up 20.2% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.61) earnings per share. Equities analysts forecast that NRG Energy, Inc. will post $0.34 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NRG. BlackRock Inc. raised its position in shares of NRG Energy by 5,026.6% during the first quarter. BlackRock Inc. now owns 19,983,017 shares of the utilities provider’s stock worth $373,684,000 after purchasing an additional 19,593,226 shares during the period. Elliott Management Corp raised its position in shares of NRG Energy by 313.1% during the first quarter. Elliott Management Corp now owns 18,073,606 shares of the utilities provider’s stock worth $337,976,000 after purchasing an additional 13,698,367 shares during the period. Brahman Capital Corp. acquired a new stake in shares of NRG Energy during the first quarter worth about $186,827,000. FMR LLC raised its position in shares of NRG Energy by 449.8% during the first quarter. FMR LLC now owns 6,986,918 shares of the utilities provider’s stock worth $130,656,000 after purchasing an additional 5,716,029 shares during the period. Finally, Janus Henderson Group PLC raised its position in shares of NRG Energy by 42,970.1% during the second quarter. Janus Henderson Group PLC now owns 5,517,278 shares of the utilities provider’s stock worth $95,007,000 after purchasing an additional 5,504,468 shares during the period. 91.64% of the stock is currently owned by institutional investors.

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NRG Energy Company Profile

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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