NRG Energy Inc. (NRG) Stock Price Down 2%
NRG Energy Inc. (NYSE:NRG) was down 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 changing hands. The stock had previously closed at $12.56.
A number of equities research analysts have commented on NRG shares. TheStreet raised NRG Energy from a “sell” rating to a “hold” rating in a report on Thursday, May 5th. Deutsche Bank AG reissued a “buy” rating on shares of NRG Energy in a report on Wednesday, May 18th. Citigroup Inc. reissued a “sell” rating and issued a $14.00 target price (up previously from $13.00) on shares of NRG Energy in a report on Friday, June 10th. Zacks Investment Research raised NRG Energy from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a report on Wednesday, July 20th. Finally, Barclays PLC reduced their target price on NRG Energy from $20.00 to $18.00 and set an “overweight” rating for the company in a report on Wednesday, August 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $20.03.
The company has a 50 day moving average price of $13.85 and a 200-day moving average price of $13.83. The company’s market capitalization is $3.91 billion.
NRG Energy (NYSE:NRG) last issued its quarterly earnings data on Tuesday, August 9th. The company reported ($0.61) EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by $0.76. During the same period in the prior year, the firm posted ($0.06) EPS. The company earned $2.64 billion during the quarter, compared to analysts’ expectations of $3.54 billion. NRG Energy’s revenue was down 22.4% compared to the same quarter last year. On average, equities analysts expect that NRG Energy Inc. will post $1.07 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 15th. Investors of record on Monday, August 1st were paid a dividend of $0.03 per share. The ex-dividend date was Thursday, July 28th. This represents a $0.12 dividend on an annualized basis and a yield of 0.97%.
In other NRG Energy news, Director Thomas H. Weidemeyer sold 3,182 shares of the business’s stock in a transaction on Friday, June 3rd. The stock was sold at an average price of $17.24, for a total transaction of $54,857.68. Following the completion of the transaction, 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 is available at this hyperlink.
An institutional investor recently bought a new position in NRG Energy stock. Connor Clark & Lunn Investment Management Ltd. purchased a new position in NRG Energy Inc. (NYSE:NRG) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 187,700 shares of the company’s stock, valued at approximately $2,209,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.06% of NRG Energy at the end of the most recent 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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