NRG Energy Inc (NYSE:NRG) Receives Average Rating of “Buy” from Analysts

Shares of NRG Energy Inc (NYSE:NRG) have earned a consensus recommendation of “Buy” from the nine analysts that are presently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $45.13.

Several equities analysts have recently weighed in on the company. Morgan Stanley set a $100.00 target price on Cimarex Energy and gave the company a “buy” rating in a research report on Thursday, May 16th. Citigroup boosted their target price on Vistra Energy from $32.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. Zacks Investment Research upgraded GALP ENERGIA SG/ADR from a “sell” rating to a “hold” rating in a report on Monday, May 27th. Goldman Sachs Group cut Metcash from a “conviction-buy” rating to a “neutral” rating in a report on Monday, June 24th. Finally, ValuEngine upgraded Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Monday, April 1st.

Shares of NYSE NRG traded up $0.04 during trading hours on Tuesday, hitting $35.14. 4,132,303 shares of the company traded hands, compared to its average volume of 3,547,705. The company has a market capitalization of $9.39 billion, a PE ratio of 14.58, a price-to-earnings-growth ratio of 0.28 and a beta of 0.84. The firm’s 50 day moving average is $35.02. NRG Energy has a 12 month low of $30.72 and a 12 month high of $43.66.

NRG Energy (NYSE:NRG) last released its earnings results on Thursday, May 2nd. The utilities provider reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.05). The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.13 billion. NRG Energy had a net margin of 4.64% and a negative return on equity of 125.35%. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.87 EPS. Equities analysts expect that NRG Energy will post 3.92 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.37%. This is a boost from NRG Energy’s previous quarterly dividend of $0.03. NRG Energy’s payout ratio is presently 4.98%.

Several hedge funds have recently modified their holdings of the business. Machina Capital S.A.S. lifted its holdings in shares of NRG Energy by 52.3% in the 2nd quarter. Machina Capital S.A.S. now owns 57,795 shares of the utilities provider’s stock worth $2,030,000 after buying an additional 19,847 shares during the period. Bank of The West lifted its holdings in shares of NRG Energy by 2.1% in the 2nd quarter. Bank of The West now owns 86,149 shares of the utilities provider’s stock worth $3,026,000 after buying an additional 1,809 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its holdings in shares of NRG Energy by 54.6% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 16,390 shares of the utilities provider’s stock worth $576,000 after buying an additional 5,790 shares during the period. Beach Investment Management LLC. lifted its holdings in shares of NRG Energy by 27.9% in the 2nd quarter. Beach Investment Management LLC. now owns 36,922 shares of the utilities provider’s stock worth $1,297,000 after buying an additional 8,050 shares during the period. Finally, Beach Investment Counsel Inc. PA lifted its holdings in shares of NRG Energy by 8.3% in the 2nd quarter. Beach Investment Counsel Inc. PA now owns 356,829 shares of the utilities provider’s stock worth $12,532,000 after buying an additional 27,240 shares during the period. Institutional investors and hedge funds own 99.80% of the company’s stock.

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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