NRG Energy Inc (NYSE:NRG) has been given a consensus rating of “Hold” by the eleven research firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $40.33.
A number of analysts have recently issued reports on the stock. UBS Group dropped their price objective on shares of NRG Energy from $44.00 to $41.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Vertical Research upgraded shares of NRG Energy from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research note on Tuesday, March 3rd. Seaport Global Securities initiated coverage on shares of NRG Energy in a research note on Wednesday, May 20th. They set a “buy” rating and a $42.50 price objective on the stock. Morgan Stanley lifted their price target on shares of NRG Energy from $54.00 to $56.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 17th. Finally, ValuEngine lowered shares of NRG Energy from a “sell” rating to a “strong sell” rating in a research note on Monday, June 1st.
NYSE NRG traded down $0.39 during mid-day trading on Tuesday, hitting $32.55. The company’s stock had a trading volume of 66,759 shares, compared to its average volume of 2,890,618. The firm has a market capitalization of $7.71 billion, a P/E ratio of 2.08, a price-to-earnings-growth ratio of 0.15 and a beta of 1.09. The stock’s fifty day simple moving average is $34.39 and its two-hundred day simple moving average is $34.50. NRG Energy has a 52-week low of $19.54 and a 52-week high of $41.78. The company has a debt-to-equity ratio of 4.09, a current ratio of 1.22 and a quick ratio of 1.09.
NRG Energy (NYSE:NRG) last posted its quarterly earnings data on Thursday, May 7th. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.20). The firm had revenue of $2.02 billion for the quarter. NRG Energy had a net margin of 42.14% and a negative return on equity of 15,555.52%. On average, equities analysts forecast that NRG Energy will post 5.18 earnings per share for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in NRG. Meeder Asset Management Inc. raised its position in NRG Energy by 23.5% in the fourth quarter. Meeder Asset Management Inc. now owns 12,113 shares of the utilities provider’s stock worth $481,000 after acquiring an additional 2,306 shares in the last quarter. Rhumbline Advisers raised its position in NRG Energy by 21.4% in the first quarter. Rhumbline Advisers now owns 548,765 shares of the utilities provider’s stock worth $14,959,000 after acquiring an additional 96,737 shares in the last quarter. Cognios Capital LLC bought a new stake in NRG Energy in the first quarter worth about $1,178,000. Loomis Sayles & Co. L P raised its position in NRG Energy by 38.9% in the first quarter. Loomis Sayles & Co. L P now owns 428,254 shares of the utilities provider’s stock worth $11,674,000 after acquiring an additional 119,972 shares in the last quarter. Finally, Baird Financial Group Inc. bought a new stake in NRG Energy in the first quarter worth about $225,000. 98.22% of the stock is owned by hedge funds and other institutional investors.
NRG Energy Company Profile
NRG Energy, Inc, together with its subsidiaries, operates as an energy company in the United States. The company is involved in the producing, selling, and delivering electricity and related products and services to 3.1 million residential, industrial, and commercial consumers. It generates electricity using natural gas, coal, oil, solar, nuclear, wind, fossil fuel, and nuclear sources.
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