NRG Energy Inc (NYSE:NRG) has been given a consensus recommendation of “Buy” by the twelve research firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $24.38.
A number of equities analysts recently commented on NRG shares. Zacks Investment Research lowered NRG Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 17th. SunTrust Banks reaffirmed a “hold” rating and issued a $25.00 price objective on shares of NRG Energy in a research note on Friday, October 20th. Bank of America started coverage on NRG Energy in a research note on Tuesday, October 24th. They issued a “buy” rating and a $31.00 price objective on the stock. Finally, ValuEngine lowered NRG Energy from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 27th.
In related news, Director Barry T. Smitherman acquired 2,541 shares of the business’s stock in a transaction that occurred on 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 purchase, the director now directly owns 49,000 shares in the company, valued at $1,390,620. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.31% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of NRG. Janus Henderson Group PLC lifted its stake in NRG Energy by 42,970.1% in the second quarter. Janus Henderson Group PLC now owns 5,517,278 shares of the utilities provider’s stock valued at $95,007,000 after buying an additional 5,504,468 shares during the period. Prudential Financial Inc. lifted its stake in NRG Energy by 202.6% in the third quarter. Prudential Financial Inc. now owns 3,363,988 shares of the utilities provider’s stock valued at $86,086,000 after buying an additional 2,252,400 shares during the period. Permian Investment Partners LP lifted its stake in NRG Energy by 51.0% in the second quarter. Permian Investment Partners LP now owns 5,938,024 shares of the utilities provider’s stock valued at $102,253,000 after buying an additional 2,005,094 shares during the period. Dimensional Fund Advisors LP lifted its stake in NRG Energy by 38.6% in the second quarter. Dimensional Fund Advisors LP now owns 6,369,761 shares of the utilities provider’s stock valued at $109,682,000 after buying an additional 1,772,966 shares during the period. Finally, Balyasny Asset Management LLC lifted its stake in NRG Energy by 4,510.5% in the second quarter. Balyasny Asset Management LLC now owns 1,671,181 shares of the utilities provider’s stock valued at $28,778,000 after buying an additional 1,634,934 shares during the period. 97.25% of the stock is currently owned by hedge funds and other institutional investors.
NRG Energy (NYSE:NRG) traded up $0.37 during trading hours on Friday, hitting $28.61. The stock had a trading volume of 6,183,600 shares, compared to its average volume of 6,039,237. The company has a market capitalization of $9,090.00, a PE ratio of -11.35 and a beta of 1.29. The company has a debt-to-equity ratio of 4.24, a quick ratio of 1.11 and a current ratio of 1.28. NRG Energy has a 52 week low of $13.95 and a 52 week high of $29.78.
NRG Energy (NYSE:NRG) last released its quarterly earnings results on Thursday, November 2nd. The utilities provider reported $0.61 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.51). The firm had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $3.28 billion. NRG Energy had a positive return on equity of 8.82% and a negative net margin of 13.48%. The business’s revenue for the quarter was down 10.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.27 earnings per share. equities analysts forecast that NRG Energy will post 0.56 earnings per share for the current fiscal year.
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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.
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