ValuEngine Lowers NRG Energy, Inc. (NYSE:NRG) to Buy

NRG Energy, Inc. (NYSE:NRG) was downgraded by stock analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Friday, October 27th.

NRG has been the topic of a number of other research reports. BidaskClub upgraded NRG Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, August 16th. Zacks Investment Research upgraded NRG Energy from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Tuesday, July 11th. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $25.00 target price on shares of NRG Energy in a report on Friday, October 20th. Barclays PLC reissued an “overweight” rating and issued a $27.00 price target on shares of NRG Energy in a report on Thursday, July 13th. They noted that the move was a valuation call. Finally, Bank of America Corporation began coverage on NRG Energy in a research note on Tuesday, October 24th. They set a “buy” rating and a $31.00 target price for the company. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. NRG Energy currently has a consensus rating of “Buy” and an average price target of $24.67.

NRG Energy (NRG) traded up $0.53 on Friday, reaching $28.35. The company’s stock had a trading volume of 6,410,000 shares, compared to its average volume of 6,056,832. NRG Energy has a 52 week low of $10.75 and a 52 week high of $28.67. The stock has a market capitalization of $8,976.80, a price-to-earnings ratio of 21.00 and a beta of 1.25. The company has a debt-to-equity ratio of 4.24, a current ratio of 1.28 and a quick ratio of 1.11.

NRG Energy (NYSE:NRG) last issued its quarterly earnings results on Thursday, November 2nd. The utilities provider reported $0.61 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.51). NRG Energy had a positive return on equity of 8.82% and a negative net margin of 13.48%. The business had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $3.28 billion. During the same quarter in the previous year, the firm posted $1.27 EPS. NRG Energy’s revenue was down 10.9% on a year-over-year basis.

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In related news, Director Barry T. Smitherman purchased 2,541 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was bought at an average cost of $28.38 per share, with a total value of $72,113.58. Following the completion of the acquisition, the director now directly owns 49,000 shares in the company, valued at approximately $1,390,620. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.31% of the company’s stock.

A number of hedge funds have recently bought and sold shares of NRG. Fieldpoint Private Securities LLC acquired a new position in shares of NRG Energy during the second quarter worth about $112,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of NRG Energy in the second quarter worth about $186,000. Parkwood LLC acquired a new stake in NRG Energy during the third quarter valued at approximately $205,000. Thrivent Financial For Lutherans raised its stake in NRG Energy by 4.4% during the second quarter. Thrivent Financial For Lutherans now owns 12,070 shares of the utilities provider’s stock valued at $208,000 after buying an additional 510 shares in the last quarter. Finally, Ballentine Partners LLC acquired a new stake in NRG Energy during the second quarter valued at approximately $209,000. 92.21% of the stock is 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.

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

Analyst Recommendations for NRG Energy (NYSE:NRG)

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