NRG Energy Inc. (NRG) Stock Price Down 2.6%
NRG Energy Inc. (NYSE:NRG) shares fell 2.6% during mid-day trading on Tuesday . The company traded as low as $12.17 and last traded at $12.19, with a volume of 1,677,984 shares trading hands. The stock had previously closed at $12.52.
A number of research firms have recently weighed in on NRG. TheStreet upgraded shares of NRG Energy from a “sell” rating to a “hold” rating in a research note on Thursday, May 5th. Deutsche Bank AG reiterated a “buy” rating on shares of NRG Energy in a research note on Wednesday, May 18th. Zacks Investment Research upgraded shares of NRG Energy from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Wednesday, July 20th. 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. Finally, Barclays PLC cut their price objective on shares of NRG Energy from $20.00 to $18.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $20.03.
The stock’s 50-day moving average is $13.63 and its 200-day moving average is $13.92. The company’s market cap is $3.84 billion.
NRG Energy (NYSE:NRG) last issued its quarterly earnings data on Tuesday, August 9th. The company reported ($0.61) earnings per share for the quarter, missing the consensus estimate of $0.15 by $0.76. During the same period in the previous year, the company earned ($0.06) EPS. The firm had revenue of $2.64 billion for the quarter, compared to analyst estimates of $3.54 billion. The company’s revenue was down 22.4% on a year-over-year basis. On average, analysts predict that NRG Energy Inc. will post $1.07 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 15th. Stockholders of record on Monday, August 1st were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, July 28th. This represents a $0.12 annualized dividend and a dividend yield of 0.98%.
In other news, Director Thomas H. Weidemeyer sold 3,182 shares of the business’s stock in a transaction that occurred on Friday, June 3rd. The shares were sold at an average price of $17.24, for a total transaction of $54,857.68. Following the completion of the sale, the director now owns 58,705 shares in the company, valued at approximately $1,012,074.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
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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