NRG Energy Inc. (NRG) Trading Up 3.2%
NRG Energy Inc. (NYSE:NRG)’s share price was up 3.2% during mid-day trading on Friday . The company traded as high as $12.08 and last traded at $11.97, with a volume of 1,396,071 shares changing hands. The stock had previously closed at $11.60.
A number of equities analysts recently issued reports on NRG shares. Barclays PLC decreased their target price on shares of NRG Energy from $20.00 to $18.00 and set an “overweight” rating for the company in a research report on Wednesday, August 10th. Zacks Investment Research lowered shares of NRG Energy from a “buy” rating to a “hold” rating in a research report on Thursday, July 21st. Citigroup Inc. reiterated a “sell” rating and issued a $14.00 target price (up previously from $13.00) on shares of NRG Energy in a research report on Friday, June 10th. Deutsche Bank AG reiterated a “buy” rating and issued a $21.00 target price on shares of NRG Energy in a research report on Wednesday, August 10th. Finally, TheStreet upgraded shares of NRG Energy from a “sell” rating to a “hold” rating in a research report on Thursday, May 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $20.03.
The company’s 50 day moving average price is $13.46 and its 200-day moving average price is $13.91. The stock’s market capitalization is $3.78 billion.
NRG Energy (NYSE:NRG) last announced its earnings results 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. The firm had revenue of $2.64 billion for the quarter, compared to analyst estimates of $3.54 billion. The company’s revenue for the quarter was down 22.4% on a year-over-year basis. During the same period in the previous year, the business earned ($0.06) EPS. On average, equities research analysts predict that NRG Energy Inc. will post $1.09 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, August 15th. Stockholders of record on Monday, August 1st were paid a $0.03 dividend. The ex-dividend date was Thursday, July 28th. This represents a $0.12 annualized dividend and a dividend yield of 1.00%.
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.