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

NRG Energy, Inc. (NYSE:NRG) has earned a consensus recommendation of “Buy” from the twelve analysts that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $22.25.

Several brokerages have recently commented on NRG. Zacks Investment Research raised NRG Energy from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Tuesday, September 12th. BidaskClub raised NRG Energy from a “hold” rating to a “buy” rating in a report on Wednesday, August 16th. Barclays PLC reissued an “overweight” rating and issued a $27.00 target price on shares of NRG Energy in a report on Thursday, July 13th. They noted that the move was a valuation call. Finally, ValuEngine raised NRG Energy from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 6th.

A number of hedge funds have recently bought and sold shares of the stock. ING Groep NV raised its position in NRG Energy by 0.4% in the 2nd quarter. ING Groep NV now owns 16,178 shares of the utilities provider’s stock worth $279,000 after purchasing an additional 65 shares during the last quarter. Contravisory Investment Management Inc. raised its position in NRG Energy by 0.7% in the 2nd quarter. Contravisory Investment Management Inc. now owns 15,118 shares of the utilities provider’s stock worth $260,000 after purchasing an additional 110 shares during the last quarter. Arizona State Retirement System raised its position in NRG Energy by 0.3% in the 1st quarter. Arizona State Retirement System now owns 78,200 shares of the utilities provider’s stock worth $1,462,000 after purchasing an additional 200 shares during the last quarter. Louisiana State Employees Retirement System raised its position in NRG Energy by 1.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 19,600 shares of the utilities provider’s stock worth $338,000 after purchasing an additional 200 shares during the last quarter. Finally, Advantus Capital Management Inc raised its position in NRG Energy by 0.7% in the 1st quarter. Advantus Capital Management Inc now owns 31,618 shares of the utilities provider’s stock worth $591,000 after purchasing an additional 215 shares during the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

NRG Energy (NYSE NRG) traded up 0.98% during mid-day trading on Wednesday, reaching $25.74. The company had a trading volume of 2,407,220 shares. The company’s 50 day moving average is $24.65 and its 200 day moving average is $20.28. The stock’s market capitalization is $8.15 billion. NRG Energy has a 52-week low of $9.84 and a 52-week high of $26.25.

NRG Energy (NYSE:NRG) last announced its earnings results on Thursday, August 3rd. The utilities provider reported $0.36 EPS for the quarter, topping the consensus estimate of $0.05 by $0.31. The business had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $3.19 billion. NRG Energy had a positive return on equity of 12.38% and a negative net margin of 10.67%. NRG Energy’s revenue was up 20.2% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.61) EPS. Equities analysts predict that NRG Energy will post $0.34 earnings per share 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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