NRG Energy Inc (NYSE:NRG) has been given a consensus rating of “Buy” by the eight brokerages that are presently covering the stock. One research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $20.50.
Several analysts have weighed in on the company. Zacks Investment Research raised NRG Energy from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a report on Wednesday. Deutsche Bank AG dropped their price objective on NRG Energy from $29.00 to $26.00 and set a “buy” rating for the company in a report on Tuesday. Goldman Sachs Group Inc raised NRG Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $13.00 to $26.00 in a report on Wednesday, March 29th. Citigroup Inc raised NRG Energy from a “neutral” rating to a “buy” rating and set a $20.00 price objective for the company in a report on Friday, February 24th. Finally, TheStreet raised NRG Energy from a “d+” rating to a “c-” rating in a report on Wednesday, February 1st.
NRG Energy (NYSE:NRG) traded down 1.82% during mid-day trading on Monday, hitting $18.39. 2,724,041 shares of the company traded hands. NRG Energy has a one year low of $9.84 and a one year high of $19.07. The company’s market capitalization is $5.81 billion. The company’s 50-day moving average price is $17.93 and its 200 day moving average price is $14.23.
NRG Energy (NYSE:NRG) last announced its quarterly earnings data on Tuesday, February 28th. The company reported $0.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $1.00. NRG Energy had a positive return on equity of 10.15% and a negative net margin of 47.59%. During the same quarter in the previous year, the company posted ($2.65) earnings per share. On average, analysts anticipate that NRG Energy will post $0.44 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, May 15th. Stockholders of record on Monday, May 1st will be paid a $0.03 dividend. The ex-dividend date of this dividend is Thursday, April 27th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.65%. NRG Energy’s dividend payout ratio (DPR) is presently -0.66%.
In related news, Director John C. Wilder, Jr. purchased 1,200,000 shares of the stock in a transaction dated Thursday, March 16th. The stock was bought at an average cost of $17.47 per share, with a total value of $20,964,000.00. Following the purchase, the director now directly owns 8,060 shares in the company, valued at approximately $140,808.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.46% of the company’s stock.
Several hedge funds have recently made changes to their positions in the stock. Toronto Dominion Bank boosted its stake in NRG Energy by 431.7% in the third quarter. Toronto Dominion Bank now owns 9,204 shares of the company’s stock worth $103,000 after buying an additional 7,473 shares during the last quarter. Nine Chapters Capital Management LLC acquired a new stake in NRG Energy during the third quarter worth about $114,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in NRG Energy during the fourth quarter worth about $125,000. Thrivent Financial for Lutherans boosted its stake in NRG Energy by 6.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 10,920 shares of the company’s stock worth $134,000 after buying an additional 680 shares during the last quarter. Finally, Cigna Investments Inc. New acquired a new stake in NRG Energy during the fourth quarter worth about $135,000. 91.90% of the stock is owned by institutional investors.
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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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