NRG Energy Inc (NRG) Given Average Rating of “Buy” by Analysts

NRG Energy Inc (NYSE:NRG) has received an average rating of “Buy” from the eight research firms that are presently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $44.14.

Several brokerages have issued reports on NRG. Citigroup increased their price objective on shares of NRG Energy from $47.00 to $49.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. ValuEngine raised shares of NRG Energy from a “hold” rating to a “buy” rating in a research report on Thursday, March 7th. Zacks Investment Research upgraded NRG Energy from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research note on Wednesday, January 23rd. Macquarie set a $48.00 target price on NRG Energy and gave the company a “buy” rating in a research note on Friday, March 1st. Finally, Deutsche Bank set a $43.00 target price on NRG Energy and gave the company a “hold” rating in a research note on Friday, March 1st.

In other news, SVP David Callen sold 41,011 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $41.83, for a total transaction of $1,715,490.13. Following the completion of the transaction, the senior vice president now directly owns 58,130 shares in the company, valued at approximately $2,431,577.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.56% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in NRG. Bank of New York Mellon Corp lifted its stake in NRG Energy by 5.0% during the third quarter. Bank of New York Mellon Corp now owns 3,154,054 shares of the utilities provider’s stock worth $117,960,000 after purchasing an additional 151,573 shares during the last quarter. Martingale Asset Management L P bought a new position in NRG Energy during the third quarter worth $3,440,000. Kentucky Retirement Systems bought a new position in NRG Energy during the third quarter worth $767,000. Standard Life Aberdeen plc lifted its stake in NRG Energy by 9.0% during the third quarter. Standard Life Aberdeen plc now owns 111,130 shares of the utilities provider’s stock worth $4,157,000 after purchasing an additional 9,170 shares during the last quarter. Finally, Waldron Private Wealth LLC bought a new position in NRG Energy during the third quarter worth $311,000. Hedge funds and other institutional investors own 97.24% of the company’s stock.

NYSE:NRG traded down $0.28 during trading hours on Thursday, hitting $36.68. The stock had a trading volume of 5,574,322 shares, compared to its average volume of 3,437,713. NRG Energy has a 1-year low of $29.90 and a 1-year high of $43.66. The company has a market capitalization of $9.87 billion, a price-to-earnings ratio of 15.22 and a beta of 0.75.

NRG Energy (NYSE:NRG) last issued its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.05). NRG Energy had a net margin of 4.64% and a negative return on equity of 125.35%. The firm had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same period last year, the business earned $0.87 EPS. The firm’s revenue was up 4.8% compared to the same quarter last year. On average, equities research analysts anticipate that NRG Energy will post 4.03 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.33%. The ex-dividend date is Tuesday, April 30th. NRG Energy’s dividend payout ratio (DPR) is currently 4.98%.

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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Analyst Recommendations for NRG Energy (NYSE:NRG)

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