NRG Energy Inc. (NRG) Shares Up 5.4%
NRG Energy Inc. (NYSE:NRG)’s share price shot up 5.4% during mid-day trading on Wednesday . The company traded as high as $14.54 and last traded at $14.52, with a volume of 2,181,232 shares trading hands. The stock had previously closed at $13.77.
A number of brokerages have recently issued reports on NRG. Zacks Investment Research downgraded shares of NRG Energy from a “buy” rating to a “hold” rating in a report on Thursday, July 28th. Citigroup Inc. reiterated a “sell” rating and issued a $14.00 price target (up previously from $13.00) on shares of NRG Energy in a report on Friday, June 10th. Deutsche Bank AG reiterated a “buy” rating on shares of NRG Energy in a report on Wednesday, May 18th. TheStreet upgraded shares of 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 shares of 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 company. NRG Energy currently has a consensus rating of “Buy” and an average target price of $19.85.
The stock has a 50 day moving average of $14.55 and a 200-day moving average of $13.60. The stock’s market cap is $4.33 billion.
NRG Energy (NYSE:NRG) last released its quarterly earnings data on Thursday, May 5th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.18. The company had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.29 billion. The business’s revenue was down 15.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.37) earnings per share. Equities analysts predict that NRG Energy Inc. will post $1.07 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 15th. Shareholders 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 0.87%.
In other NRG Energy news, SVP David Callen sold 1,968 shares of the stock in a transaction on Friday, May 20th. The stock was 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 directly owns 30,042 shares in the company, valued at $465,951.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas H. Weidemeyer sold 3,182 shares of the stock in a transaction 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 owns 58,705 shares of the company’s stock, valued at $1,012,074.20. The disclosure for this sale can be found here.
Several hedge funds have made changes to their positions in the company. State of New Jersey Common Pension Fund D boosted its stake in shares of 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 last quarter. Russell Frank Co boosted its stake in shares of NRG Energy by 75.9% in the fourth quarter. Russell Frank Co now owns 284,060 shares of the company’s stock valued at $3,151,000 after buying an additional 122,529 shares during the last quarter. Alpine Woods Capital Investors LLC boosted its stake in shares of 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 last quarter. New York State Common Retirement Fund boosted its stake in shares of 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 last quarter. Finally, State of Wisconsin Investment Board boosted its stake 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 during 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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