NRG Energy Inc. (NRG) Stock Price Up 3.2%
NRG Energy Inc. (NYSE:NRG) rose 3.2% on Friday . The stock traded as high as $12.08 and last traded at $11.97, with a volume of 1,396,071 shares. The stock had previously closed at $11.60.
NRG has been the subject of several recent analyst reports. Barclays PLC cut their target price on NRG Energy from $20.00 to $18.00 and set an “overweight” rating for the company in a research note on Wednesday, August 10th. Zacks Investment Research cut NRG Energy from a “buy” rating to a “hold” rating in a research note on Thursday, July 21st. Citigroup Inc. restated a “sell” rating and set a $14.00 target price (up from $13.00) on shares of NRG Energy in a research note on Friday, June 10th. Finally, Deutsche Bank AG restated a “buy” rating and set a $21.00 target price on shares of NRG Energy 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 given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $20.03.
The company’s market capitalization is $3.78 billion. The stock has a 50-day moving average of $13.32 and a 200 day moving average of $13.88.
NRG Energy (NYSE:NRG) last released its quarterly earnings results on Tuesday, August 9th. The company reported ($0.61) EPS for the quarter, missing analysts’ consensus estimates of $0.15 by $0.76. The firm had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $3.54 billion. During the same period in the prior year, the business earned ($0.06) EPS. NRG Energy’s quarterly revenue was down 22.4% on a year-over-year basis. On average, equities research analysts anticipate that NRG Energy Inc. will post $1.09 earnings per share for the current year.
The company also recently declared 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 dividend on an annualized basis 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.