NRG Energy Inc (NRG) Given Average Recommendation of “Buy” by Brokerages

NRG Energy Inc (NYSE:NRG) has been assigned a consensus rating of “Buy” from the twelve analysts that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $24.38.

A number of research analysts recently commented on the company. Zacks Investment Research cut NRG Energy from a “hold” rating to a “sell” rating in a research report on Wednesday. ValuEngine cut NRG Energy from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Bank of America assumed coverage on NRG Energy in a research report on Tuesday, October 24th. They issued a “buy” rating and a $31.00 price target on the stock. Finally, SunTrust Banks restated a “hold” rating and issued a $25.00 price target on shares of NRG Energy in a research report on Friday, October 20th.

In related news, Director Barry T. Smitherman purchased 2,541 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were bought at an average price of $28.38 per share, for a total transaction of $72,113.58. Following the completion of the transaction, the director now owns 49,000 shares of the company’s stock, valued at $1,390,620. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.31% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Sentry Investment Management LLC grew its position in NRG Energy by 1.1% in the second quarter. Sentry Investment Management LLC now owns 21,736 shares of the utilities provider’s stock valued at $374,000 after acquiring an additional 243 shares during the last quarter. Thrivent Financial For Lutherans grew its position in NRG Energy by 4.4% in the second quarter. Thrivent Financial For Lutherans now owns 12,070 shares of the utilities provider’s stock valued at $208,000 after acquiring an additional 510 shares during the last quarter. PNC Financial Services Group Inc. grew its position in NRG Energy by 6.1% in the second quarter. PNC Financial Services Group Inc. now owns 21,991 shares of the utilities provider’s stock valued at $379,000 after acquiring an additional 1,267 shares during the last quarter. Norinchukin Bank The grew its position in NRG Energy by 6.8% in the second quarter. Norinchukin Bank The now owns 21,935 shares of the utilities provider’s stock valued at $378,000 after acquiring an additional 1,403 shares during the last quarter. Finally, Bridgewater Associates LP grew its position in NRG Energy by 7.9% in the second quarter. Bridgewater Associates LP now owns 20,587 shares of the utilities provider’s stock valued at $355,000 after acquiring an additional 1,516 shares during the last quarter. Hedge funds and other institutional investors own 97.25% of the company’s stock.

NRG Energy (NRG) traded up $0.37 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. NRG Energy has a 12 month low of $13.95 and a 12 month high of $29.78. 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 $9,090.00, a P/E ratio of -11.35 and a beta of 1.29.

NRG Energy (NYSE:NRG) last posted its earnings results on Thursday, November 2nd. The utilities provider reported $0.61 earnings per share for the quarter, missing the Zacks’ 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 firm had revenue of $3.05 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same period in the prior year, the business posted $1.27 EPS. The firm’s quarterly revenue was down 10.9% compared to the same quarter last year. sell-side analysts expect that NRG Energy will post 0.56 EPS for the current year.

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NRG Energy Company Profile

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.

Analyst Recommendations for NRG Energy (NYSE:NRG)

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