NRG Energy Inc. (NRG) Shares Down 2%
NRG Energy Inc. (NYSE:NRG)’s share price fell 2% during trading on Wednesday . The company traded as low as $12.25 and last traded at $12.31, with a volume of 1,421,897 shares trading hands. The stock had previously closed at $12.56.
A number of brokerages recently commented on NRG. Deutsche Bank AG reissued a “buy” rating and set a $21.00 price target on shares of NRG Energy in a research note on Wednesday, August 10th. Citigroup Inc. restated a “sell” rating and set a $14.00 price objective (up from $13.00) on shares of NRG Energy in a research report on Friday, June 10th. Zacks Investment Research downgraded NRG Energy from a “buy” rating to a “hold” rating in a research report on Thursday, July 28th. TheStreet upgraded NRG Energy from a “sell” rating to a “hold” rating in a research report on Thursday, May 5th. Finally, Barclays PLC decreased their price objective on NRG Energy from $20.00 to $18.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $20.03.
The stock’s market cap is $3.85 billion. The company has a 50-day moving average of $13.98 and a 200-day moving average of $13.85.
NRG Energy (NYSE:NRG) last released its quarterly earnings data on Tuesday, August 9th. The company reported ($0.61) EPS for the quarter, missing analysts’ consensus estimates of $0.15 by $0.76. The company earned $2.64 billion during the quarter, compared to analysts’ expectations of $3.54 billion. The business’s revenue was down 22.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.06) EPS. Analysts predict that NRG Energy Inc. will post $1.03 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 15th. Investors of record on Monday, August 1st were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date was Thursday, July 28th.
In related news, Director Thomas H. Weidemeyer sold 3,182 shares of the company’s stock in a transaction that occurred on Friday, June 3rd. The stock was sold at an average price of $17.24, for a total value of $54,857.68. Following the transaction, the director now directly owns 58,705 shares in the company, valued at $1,012,074.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
A hedge fund recently raised its stake in NRG Energy stock. Dimensional Fund Advisors LP boosted its position in shares of NRG Energy Inc. (NYSE:NRG) by 6.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,952,346 shares of the company’s stock after buying an additional 385,062 shares during the period. Dimensional Fund Advisors LP owned about 1.89% of NRG Energy worth $70,035,000 as of its most recent SEC filing.
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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