Q2 2017 EPS Estimates for NRG Energy, Inc. (NRG) Decreased by Analyst
NRG Energy, Inc. (NYSE:NRG) – Investment analysts at SunTrust Banks cut their Q2 2017 earnings per share (EPS) estimates for NRG Energy in a report issued on Thursday. SunTrust Banks analyst A. Agha now forecasts that the utilities provider will post earnings per share of $1.02 for the quarter, down from their prior forecast of $1.04. SunTrust Banks also issued estimates for NRG Energy’s Q3 2017 earnings at $1.33 EPS, Q4 2017 earnings at ($0.90) EPS, FY2017 earnings at $0.93 EPS, Q1 2018 earnings at ($0.51) EPS, Q2 2018 earnings at $1.04 EPS, Q3 2018 earnings at $1.35 EPS, Q4 2018 earnings at ($0.89) EPS, FY2018 earnings at $0.99 EPS, Q1 2019 earnings at ($0.39) EPS and FY2019 earnings at $1.45 EPS.
Other equities analysts have also issued reports about the stock. UBS AG upped their target price on shares of NRG Energy from $16.00 to $19.00 and gave the stock a “neutral” rating in a research note on Monday, March 20th. ValuEngine downgraded shares of NRG Energy from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research upgraded shares of NRG Energy from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Tuesday, July 11th. Deutsche Bank AG reduced their price objective on shares of NRG Energy from $29.00 to $26.00 and set a “buy” rating for the company in a research note on Tuesday, April 11th. Finally, Barclays PLC restated an “overweight” rating and set a $27.00 price objective on shares of NRG Energy in a research note on Thursday, July 13th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $21.13.
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Shares of NRG Energy (NYSE NRG) opened at 22.92 on Monday. The firm’s market cap is $7.24 billion. The stock has a 50 day moving average price of $16.42 and a 200 day moving average price of $16.24. NRG Energy has a 12 month low of $9.84 and a 12 month high of $23.36.
NRG Energy (NYSE:NRG) last issued its earnings results on Tuesday, May 2nd. The utilities provider reported ($0.52) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.41) by $0.11. The business had revenue of $2.76 billion during the quarter, compared to analyst estimates of $3.29 billion. NRG Energy had a positive return on equity of 7.01% and a negative net margin of 7.81%.
Several large investors have recently modified their holdings of NRG. Russell Investments Group Ltd. purchased a new stake in shares of NRG Energy during the fourth quarter worth about $909,000. Comerica Bank boosted its position in NRG Energy by 2.4% in the fourth quarter. Comerica Bank now owns 78,263 shares of the utilities provider’s stock valued at $1,143,000 after buying an additional 1,801 shares in the last quarter. FMR LLC boosted its position in NRG Energy by 110.7% in the fourth quarter. FMR LLC now owns 1,270,889 shares of the utilities provider’s stock valued at $15,581,000 after buying an additional 667,807 shares in the last quarter. Renaissance Technologies LLC bought a new position in NRG Energy during the fourth quarter valued at $3,532,000. Finally, Thrivent Financial for Lutherans boosted its position in NRG Energy by 6.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 10,920 shares of the utilities provider’s stock valued at $134,000 after buying an additional 680 shares in the last quarter. 92.49% of the stock is currently owned by institutional investors.
About NRG Energy
NRG Energy, Inc (NRG) is an integrated power company. The Company is engaged in producing, selling and delivering electricity and related products and services in various markets in the United States. The Company’s segments include Generation, Retail, Renewables, NRG Yield, Inc (NRG Yield) and Corporate activities.
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