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 companies 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 analysts recently weighed in on NRG shares. Deutsche Bank AG reaffirmed a “buy” rating and set a $19.00 target price on shares of NRG Energy in a report on Tuesday, April 5th. Barclays PLC reaffirmed a “buy” rating on shares of NRG Energy in a report on Saturday, March 19th. TheStreet raised shares of NRG Energy from a “sell” rating to a “hold” rating in a report on Thursday, May 5th. SunTrust Banks Inc. upped their target price on shares of NRG Energy from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Tuesday, April 12th. Finally, Citigroup Inc. reaffirmed 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. One 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’s stock. The company has a consensus rating of “Buy” and an average price target of $20.24.
The company’s 50-day moving average is $15.31 and its 200-day moving average is $13.27. The firm’s market cap is $4.87 billion.
NRG Energy (NYSE:NRG) last posted its quarterly earnings data on Thursday, May 5th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.18. The business earned $3.23 billion during the quarter, compared to analysts’ expectations of $3.29 billion. The business’s quarterly revenue was down 15.7% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.37) EPS. On average, equities research analysts forecast that NRG Energy Inc. will post $1.16 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, August 15th. Shareholders of record on Monday, August 1st will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Thursday, July 28th.
In other NRG Energy news, Director Thomas H. Weidemeyer sold 3,182 shares of NRG Energy 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 transaction, the director now owns 58,705 shares of the company’s stock, valued at $1,012,074.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David Callen sold 1,968 shares of NRG Energy stock in a transaction that occurred on Friday, May 20th. The shares were sold at an average price of $15.51, for a total transaction of $30,523.68. Following the transaction, the senior vice president now directly 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 institutional investors have recently modified their holdings of NRG. Old Mutual Global Investors UK Ltd. purchased a new position in shares of NRG Energy during the fourth quarter valued at $1,264,000. State of Wisconsin Investment Board increased its position in shares of NRG Energy by 19.4% in the fourth quarter. State of Wisconsin Investment Board now owns 516,771 shares of the company’s stock valued at $6,082,000 after buying an additional 83,920 shares in the last quarter. OppenheimerFunds Inc. increased its position in shares of NRG Energy by 8.9% in the fourth quarter. OppenheimerFunds Inc. now owns 1,500,057 shares of the company’s stock valued at $17,591,000 after buying an additional 122,196 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its position in shares of NRG Energy by 48.5% in the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 406,415 shares of the company’s stock valued at $4,784,000 after buying an additional 132,795 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its position in shares of NRG Energy by 64.7% in the fourth quarter. Teacher Retirement System of Texas now owns 342,166 shares of the company’s stock valued at $4,027,000 after buying an additional 134,408 shares in the last quarter.
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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