NRG Energy (NRG) Downgraded by ValuEngine to “Hold”

ValuEngine lowered shares of NRG Energy (NYSE:NRG) from a buy rating to a hold rating in a research report released on Friday, December 1st.

Several other brokerages have also recently commented on NRG. BidaskClub upgraded shares of NRG Energy from a hold rating to a buy rating in a research report on Wednesday, August 16th. Zacks Investment Research upgraded shares of NRG Energy from a sell rating to a hold rating in a research report on Friday, October 27th. SunTrust Banks restated a hold rating and issued a $25.00 price objective on shares of NRG Energy in a research report on Friday, October 20th. Finally, Bank of America initiated coverage on shares of NRG Energy in a research note on Tuesday, October 24th. They issued a buy rating and a $31.00 target price for the company. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $24.67.

NRG Energy (NRG) traded up $0.52 during midday trading on Friday, reaching $28.25. The company’s stock had a trading volume of 3,357,600 shares, compared to its average volume of 6,127,843. The company has a quick ratio of 1.11, a current ratio of 1.28 and a debt-to-equity ratio of 4.24. The firm has a market capitalization of $9,030.00, a P/E ratio of 20.93 and a beta of 1.28. NRG Energy has a 12 month low of $12.10 and a 12 month high of $29.78.

NRG Energy (NYSE:NRG) last announced its earnings results on Thursday, November 2nd. The utilities provider reported $0.61 EPS for the quarter, missing the 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 during the quarter, compared to analyst estimates of $3.28 billion. During the same period in the previous year, the firm earned $1.27 earnings per share. The firm’s revenue was down 10.9% compared to the same quarter last year. equities analysts expect 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. Stockholders of record on Wednesday, November 1st were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Tuesday, October 31st. This represents a $0.12 annualized dividend and a dividend yield of 0.42%. NRG Energy’s dividend payout ratio is presently -4.76%.

In other NRG Energy news, Director Barry T. Smitherman bought 2,541 shares of the stock in a transaction dated Monday, November 6th. The shares were 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 owns 49,000 shares of the company’s stock, valued at $1,390,620. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.31% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. LS Investment Advisors LLC boosted its position in NRG Energy by 13.8% in the second quarter. LS Investment Advisors LLC now owns 12,232 shares of the utilities provider’s stock valued at $211,000 after buying an additional 1,483 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in NRG Energy by 1.0% in the second quarter. Louisiana State Employees Retirement System now owns 19,600 shares of the utilities provider’s stock valued at $338,000 after buying an additional 200 shares in the last quarter. US Bancorp DE boosted its position in NRG Energy by 5.0% in the second quarter. US Bancorp DE now owns 38,502 shares of the utilities provider’s stock valued at $663,000 after buying an additional 1,827 shares in the last quarter. Russell Investments Group Ltd. boosted its position in NRG Energy by 293.7% in the second quarter. Russell Investments Group Ltd. now owns 222,484 shares of the utilities provider’s stock valued at $3,830,000 after buying an additional 165,966 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in shares of NRG Energy by 987.8% during the second quarter. Acadian Asset Management LLC now owns 140,057 shares of the utilities provider’s stock worth $2,413,000 after purchasing an additional 127,182 shares during the period. Institutional investors and hedge funds own 97.35% of the company’s stock.

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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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