NRG Energy Inc. (NRG) Trading Down 4.9%
NRG Energy Inc. (NYSE:NRG)’s share price traded down 4.9% during trading on Wednesday . The company traded as low as $14.04 and last traded at $14.05, with a volume of 2,727,661 shares changing hands. The stock had previously closed at $14.77.
A number of equities analysts have commented on the company. Zacks Investment Research cut NRG Energy from a “buy” rating to a “hold” rating in a report on Thursday, July 21st. Citigroup Inc. reissued a “sell” rating and set a $14.00 target price (up previously from $13.00) on shares of NRG Energy in a report on Friday, June 10th. Deutsche Bank AG reaffirmed a “buy” rating on shares of NRG Energy in a report on Wednesday, May 18th. TheStreet raised NRG Energy from a “sell” rating to a “hold” rating in a report on Thursday, May 5th. Finally, SunTrust Banks Inc. increased their price target on NRG Energy from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Tuesday, April 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. NRG Energy presently has an average rating of “Buy” and a consensus price target of $19.85.
The stock’s market capitalization is $4.40 billion. The company has a 50-day moving average of $14.92 and a 200-day moving average of $13.46.
NRG Energy (NYSE:NRG) last released its quarterly earnings data on Thursday, May 5th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.18. During the same quarter last year, the company earned ($0.37) EPS. The business had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.29 billion. NRG Energy’s revenue was down 15.7% compared to the same quarter last year. Equities research analysts predict that NRG Energy Inc. will post $1.15 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 15th. Investors of record on Monday, August 1st will be paid a dividend of $0.03 per share. The ex-dividend date is Thursday, July 28th. This represents a $0.12 annualized dividend and a yield of 0.86%.
In related news, 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 sale, the director now owns 58,705 shares in the company, valued at $1,012,074.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP David Callen sold 1,968 shares of the stock in a transaction dated Friday, May 20th. The stock was sold at an average price of $15.51, for a total transaction of $30,523.68. Following the sale, the senior vice president now owns 30,042 shares in the company, valued at approximately $465,951.42. The disclosure for this sale can be found here.
A number of large investors have added to or reduced their stakes in the company. Systematic Financial Management LP raised its stake in NRG Energy by 21.7% in the fourth quarter. Systematic Financial Management LP now owns 4,318,867 shares of the company’s stock valued at $50,833,000 after buying an additional 770,082 shares during the period. State of New Jersey Common Pension Fund D raised its stake in NRG Energy by 35.3% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 2,300,938 shares of the company’s stock valued at $27,082,000 after buying an additional 600,000 shares during the period. Trilogy Global Advisors LP raised its stake in NRG Energy by 23.3% in the fourth quarter. Trilogy Global Advisors LP now owns 2,263,984 shares of the company’s stock valued at $26,645,000 after buying an additional 427,506 shares during the period. Dimensional Fund Advisors LP raised its stake in NRG Energy by 6.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,952,346 shares of the company’s stock valued at $70,035,000 after buying an additional 385,062 shares during the period. Finally, New York State Common Retirement Fund raised its stake in NRG Energy by 48.6% in the fourth quarter. New York State Common Retirement Fund now owns 1,136,719 shares of the company’s stock valued at $13,379,000 after buying an additional 371,919 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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