NRG has been the subject of several other research reports. Goldman Sachs Group, Inc. (The) raised shares of NRG Energy from a “neutral” rating to a “buy” rating and boosted their target price for the company from $13.00 to $26.00 in a research note on Wednesday, March 29th. Barclays PLC reissued an “overweight” rating and issued a $20.00 target price (up previously from $19.00) on shares of NRG Energy in a research note on Sunday, April 23rd. BidaskClub raised shares of NRG Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. Zacks Investment Research downgraded shares of NRG Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, April 25th. Finally, Williams Capital initiated coverage on shares of NRG Energy in a research note on Thursday, June 1st. They issued a “buy” rating and a $20.00 target price for the company. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $21.13.
NRG Energy, Inc. (NYSE:NRG) – Research analysts at SunTrust Banks increased their Q2 2019 earnings estimates for shares of NRG Energy in a note issued to investors on Thursday. SunTrust Banks analyst A. Agha now expects that the utilities provider will earn $1.15 per share for the quarter, up from their prior estimate of $1.06.
Shares of NRG Energy (NYSE:NRG) opened at 23.24 on Friday. The stock’s market cap is $7.35 billion. NRG Energy has a 12-month low of $9.84 and a 12-month high of $23.28. The stock’s 50 day moving average is $16.42 and its 200-day moving average is $16.24.
NRG Energy (NYSE:NRG) last posted its quarterly earnings results on Tuesday, May 2nd. The utilities provider reported ($0.52) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.41) by $0.11. NRG Energy had a negative net margin of 7.81% and a positive return on equity of 7.01%. The firm had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $3.29 billion.
A number of hedge funds have recently bought and sold shares of the stock. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in NRG Energy during the fourth quarter worth approximately $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 utilities provider’s stock worth $134,000 after buying an additional 680 shares during the period. Ameritas Investment Partners Inc. bought a new stake in NRG Energy during the first quarter worth approximately $141,000. Edmond DE Rothschild Holding S.A. bought a new stake in NRG Energy during the first quarter worth approximately $194,000. Finally, Thrivent Financial For Lutherans boosted its stake in NRG Energy by 5.9% in the first quarter. Thrivent Financial For Lutherans now owns 11,560 shares of the utilities provider’s stock worth $216,000 after buying an additional 640 shares during the period. Institutional investors own 93.47% 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.