NRG Energy, Inc. (NRG) Receives Consensus Recommendation of “Buy” from Analysts

Shares of NRG Energy, Inc. (NYSE:NRG) have been assigned a consensus rating of “Buy” from the twelve research firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $21.13.

Several equities research analysts recently commented on NRG shares. Williams Capital started coverage on NRG Energy in a report on Thursday, June 1st. They issued a “buy” rating and a $20.00 price target for the company. ValuEngine cut NRG Energy from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. BidaskClub raised NRG Energy from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. Zacks Investment Research cut NRG Energy from a “buy” rating to a “hold” rating in a report on Tuesday, April 25th. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a $27.00 price target on shares of NRG Energy in a report on Thursday, July 13th. They noted that the move was a valuation call.

NRG Energy (NRG) opened at 24.39 on Friday. The stock’s market cap is $7.72 billion. NRG Energy has a one year low of $9.84 and a one year high of $25.68. The stock has a 50 day moving average price of $21.42 and a 200-day moving average price of $18.06.

NRG Energy (NYSE:NRG) last announced its earnings results on Thursday, August 3rd. The utilities provider reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.31. NRG Energy had a positive return on equity of 12.38% and a negative net margin of 10.67%. The business had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $3.19 billion. During the same quarter in the prior year, the firm earned ($0.61) earnings per share. The business’s revenue was up 20.2% compared to the same quarter last year. Equities research analysts expect that NRG Energy will post $0.59 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st will be given a dividend of $0.03 per share. The ex-dividend date is Friday, July 28th. This represents a $0.12 annualized dividend and a dividend yield of 0.49%. NRG Energy’s dividend payout ratio is currently -2.75%.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. purchased a new position in NRG Energy during the first quarter valued at approximately $281,000. Acadian Asset Management LLC purchased a new position in NRG Energy during the first quarter valued at approximately $241,000. Canyon Capital Advisors LLC purchased a new position in NRG Energy during the first quarter valued at approximately $26,773,000. Quadrature Capital Ltd purchased a new position in NRG Energy during the fourth quarter valued at approximately $1,036,000. Finally, Eqis Capital Management Inc. purchased a new position in NRG Energy during the first quarter valued at approximately $369,000. Institutional investors and hedge funds own 92.46% of the company’s stock.

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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