NRG Energy (NYSE:NRG) Reaches New 1-Year High at $40.97


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NRG Energy, Inc. (NYSE:NRG) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $40.97 and last traded at $40.61, with a volume of 33997 shares trading hands. The stock had previously closed at $39.72.

A number of equities analysts recently commented on NRG shares. Zacks Investment Research raised shares of NRG Energy from a “sell” rating to a “hold” rating and set a $39.00 price objective for the company in a research note on Thursday, January 7th. Morgan Stanley raised their price objective on NRG Energy from $50.00 to $52.00 and gave the company an “overweight” rating in a research report on Tuesday, December 15th. ValuEngine upgraded shares of NRG Energy from a “strong sell” rating to a “sell” rating in a report on Monday, November 2nd. Finally, BidaskClub raised NRG Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, January 5th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $40.56.

The company has a current ratio of 1.55, a quick ratio of 1.39 and a debt-to-equity ratio of 2.99. The stock’s fifty day simple moving average is $35.09 and its 200 day simple moving average is $33.30. The company has a market cap of $10.11 billion, a price-to-earnings ratio of 2.65, a P/E/G ratio of 0.17 and a beta of 0.99.

NRG Energy (NYSE:NRG) last posted its quarterly earnings results on Thursday, November 5th. The utilities provider reported $1.02 EPS for the quarter, beating the consensus estimate of $1.01 by $0.01. NRG Energy had a return on equity of 50.32% and a net margin of 43.90%. The firm had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $3.65 billion. During the same quarter last year, the firm earned $1.45 earnings per share. The business’s revenue for the quarter was down 6.2% on a year-over-year basis. On average, analysts predict that NRG Energy, Inc. will post 4.82 EPS for the current year.

In other NRG Energy news, SVP David Callen sold 9,000 shares of NRG Energy stock in a transaction dated Tuesday, December 15th. The shares were sold at an average price of $33.40, for a total transaction of $300,600.00. Following the transaction, the senior vice president now directly owns 35,853 shares of the company’s stock, valued at $1,197,490.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.70% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in NRG. LSV Asset Management lifted its holdings in NRG Energy by 32.5% in the third quarter. LSV Asset Management now owns 7,569,333 shares of the utilities provider’s stock valued at $232,681,000 after acquiring an additional 1,856,550 shares during the last quarter. AQR Capital Management LLC boosted its stake in NRG Energy by 45.3% during the third quarter. AQR Capital Management LLC now owns 3,179,542 shares of the utilities provider’s stock worth $97,739,000 after buying an additional 990,795 shares during the period. Glendon Capital Management LP acquired a new stake in shares of NRG Energy during the third quarter valued at about $19,317,000. Pzena Investment Management LLC raised its stake in shares of NRG Energy by 3.9% in the 3rd quarter. Pzena Investment Management LLC now owns 7,122,136 shares of the utilities provider’s stock valued at $218,934,000 after acquiring an additional 265,947 shares during the period. Finally, Assenagon Asset Management S.A. raised its holdings in shares of NRG Energy by 158.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 429,745 shares of the utilities provider’s stock valued at $13,210,000 after buying an additional 263,770 shares during the period. Institutional investors and hedge funds own 88.48% of the company’s stock.

NRG Energy Company Profile (NYSE:NRG)

NRG Energy, Inc, together with its subsidiaries, operates as an energy company in the United States. It operates through Generation and Retail segments. The company is involved in the producing, selling, and delivering electricity and related products and services to 3.7 million residential, industrial, and commercial consumers.

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