Shares of NRG Energy (NYSE:NRG) have received an average recommendation of “Buy” from the nine ratings firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $30.00.
NRG has been the subject of several recent research reports. Zacks Investment Research lowered shares of NRG Energy from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 3rd. UBS upped their price target on shares of NRG Energy from $36.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, March 28th. SunTrust Banks reiterated a “hold” rating and issued a $29.00 target price on shares of NRG Energy in a research report on Thursday, March 15th. ValuEngine lowered shares of NRG Energy from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Finally, TheStreet lowered shares of NRG Energy from a “c” rating to a “d+” rating in a research report on Thursday, March 1st.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in NRG Energy by 54.7% in the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 6,076 shares of the utilities provider’s stock valued at $175,000 after buying an additional 2,148 shares in the last quarter. Itau Unibanco Holding S.A. lifted its holdings in NRG Energy by 122.7% in the 4th quarter. Itau Unibanco Holding S.A. now owns 4,815 shares of the utilities provider’s stock valued at $137,000 after acquiring an additional 2,653 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in NRG Energy by 1.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 205,265 shares of the utilities provider’s stock valued at $5,253,000 after acquiring an additional 2,728 shares during the last quarter. LPL Financial LLC lifted its holdings in NRG Energy by 13.2% in the 4th quarter. LPL Financial LLC now owns 25,347 shares of the utilities provider’s stock valued at $722,000 after acquiring an additional 2,949 shares during the last quarter. Finally, Amalgamated Bank lifted its holdings in NRG Energy by 5.5% in the 4th quarter. Amalgamated Bank now owns 62,618 shares of the utilities provider’s stock valued at $1,783,000 after acquiring an additional 3,255 shares during the last quarter. Hedge funds and other institutional investors own 97.31% of the company’s stock.
NRG Energy stock opened at $30.99 on Friday. The stock has a market cap of $9,913.48, a PE ratio of 32.51 and a beta of 0.90. The company has a debt-to-equity ratio of 7.99, a current ratio of 1.33 and a quick ratio of 1.17. NRG Energy has a one year low of $14.52 and a one year high of $31.82.
NRG Energy (NYSE:NRG) last released its quarterly earnings results on Thursday, March 1st. The utilities provider reported $0.51 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.59. The business had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.23 billion. NRG Energy had a negative net margin of 19.56% and a positive return on equity of 9.46%. equities research analysts predict that NRG Energy will post 2.99 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 15th. Investors of record on Tuesday, May 1st will be given a $0.03 dividend. The ex-dividend date of this dividend is Monday, April 30th. This represents a $0.12 dividend on an annualized basis and a yield of 0.39%. NRG Energy’s dividend payout ratio is presently 11.01%.
NRG Energy declared that its Board of Directors has initiated a share buyback plan on Thursday, March 1st that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the utilities provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.
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About NRG Energy
NRG Energy, Inc, together with its subsidiaries, operates as an integrated power company in the United States. The company is involved in the generation of electricity using fossil fuel and nuclear sources. The company provides electricity to 2.9 million residential, commercial, and industrial consumers; system power, distributed generation, solar and wind products, backup generation, storage and distributed solar, demand response, energy efficiency, and on-site energy solutions; and carbon management and specialty services.
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