Traders Sell NRG Energy Inc. (NRG) on Strength (NRG)
Investors sold shares of NRG Energy Inc. (NYSE:NRG) on strength during trading hours on Friday. $4.23 million flowed into the stock on the tick-up and $12.68 million flowed out of the stock on the tick-down, for a money net flow of $8.45 million out of the stock. Of all equities tracked, NRG Energy had the 0th highest net out-flow for the day. NRG Energy traded up $0.16 for the day and closed at $15.47
A number of research firms have recently issued reports on NRG. Barclays PLC restated a “buy” rating on shares of NRG Energy in a research note on Saturday, March 19th. Deutsche Bank AG reiterated a “buy” rating on shares of NRG Energy in a research note on Wednesday, May 18th. Citigroup Inc. reiterated a “sell” rating and issued a $14.00 price objective (up previously from $13.00) on shares of NRG Energy in a research note on Friday, June 10th. SunTrust Banks Inc. lifted their price objective on shares of NRG Energy from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 12th. Finally, TheStreet upgraded shares of NRG Energy from a “sell” rating to a “hold” rating in a research note on Thursday, May 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $20.24.
The company’s market cap is $4.87 billion. The stock’s 50 day moving average is $15.31 and its 200 day moving average is $13.27.
NRG Energy (NYSE:NRG) last posted its quarterly earnings results on Thursday, May 5th. The company reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.18. The company had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.29 billion. NRG Energy’s quarterly revenue was down 15.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.37) EPS. On average, equities research analysts anticipate that NRG Energy Inc. will post $1.16 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, August 15th. Investors of record on Monday, August 1st will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, July 28th. This represents a $0.12 annualized dividend and a yield of 0.78%.
In related news, SVP David Callen sold 1,968 shares of the stock in a transaction dated Friday, May 20th. The shares were sold at an average price of $15.51, for a total transaction of $30,523.68. Following the completion of the transaction, the senior vice president now owns 30,042 shares in the company, valued at $465,951.42. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Thomas H. Weidemeyer sold 3,182 shares of the stock in a transaction dated Friday, June 3rd. The shares were sold at an average price of $17.24, for a total transaction of $54,857.68. Following the transaction, the director now owns 58,705 shares of the company’s stock, valued at approximately $1,012,074.20. The disclosure for this sale can be found here.
Other large investors have added to or reduced their stakes in the company. TD Asset Management Inc. increased its stake in NRG Energy by 1.1% in the fourth quarter. TD Asset Management Inc. now owns 153,997 shares of the company’s stock valued at $1,813,000 after buying an additional 1,700 shares during the period. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its stake in NRG Energy by 4.6% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 89,474 shares of the company’s stock valued at $1,053,000 after buying an additional 3,964 shares during the period. Swiss National Bank increased its stake in NRG Energy by 0.8% in the fourth quarter. Swiss National Bank now owns 599,794 shares of the company’s stock valued at $7,060,000 after buying an additional 4,700 shares during the period. Alpine Woods Capital Investors LLC increased its stake in NRG Energy by 14.0% in the fourth quarter. Alpine Woods Capital Investors LLC now owns 128,600 shares of the company’s stock valued at $1,514,000 after buying an additional 15,800 shares during the period. Finally, Eii Capital Management Inc. increased its stake in NRG Energy by 14.5% in the fourth quarter. Eii Capital Management Inc. now owns 203,500 shares of the company’s stock valued at $2,395,000 after buying an additional 25,800 shares during the period.
NRG Energy, Inc (NRG) is an integrated power company that produces, sells and delivers energy, and energy products and services in various power markets in the United States. The Company’s segments include NRG Business, which includes power generation, the carbon capture business and energy services; NRG Home, which includes NRG Home Retail, which consists of residential retail services and products, and NRG Home Solar, which includes the installation and leasing of residential solar services; NRG Renew, which includes solar and wind assets, excluding those in the NRG Yield and NRG Home Solar segments; NRG Yield, and corporate activities.
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