NRG Energy, Inc. (NYSE:NRG) – Equities research analysts at SunTrust Banks increased their FY2019 earnings estimates for NRG Energy in a report released on Friday. SunTrust Banks analyst A. Agha now expects that the utilities provider will post earnings per share of $1.59 for the year, up from their previous forecast of $1.45.

NRG Energy (NYSE:NRG) last issued its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.31. The firm had revenue of $2.70 billion during the quarter, compared to analyst estimates of $3.19 billion. NRG Energy had a positive return on equity of 12.38% and a negative net margin of 10.67%. The business’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same quarter last year, the business posted ($0.61) earnings per share. TRADEMARK VIOLATION WARNING: “NRG Energy, Inc. Expected to Post FY2019 Earnings of $1.59 Per Share (NYSE:NRG)” was published by Daily Political and is the sole property of of Daily Political. If you are accessing this article on another website, it was stolen and republished in violation of US and international trademark & copyright legislation. The correct version of this article can be read at https://www.dailypolitical.com/2017/08/09/nrg-energy-inc-expected-to-post-fy2019-earnings-of-1-59-per-share-nysenrg.html.

A number of other analysts have also issued reports on the stock. Barclays PLC reissued an “overweight” rating and issued a $27.00 price target on shares of NRG Energy in a research report on Thursday, July 13th. They noted that the move was a valuation call. Zacks Investment Research upgraded NRG Energy from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Tuesday, July 11th. ValuEngine upgraded NRG Energy from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 6th. BidaskClub upgraded NRG Energy from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. Finally, Williams Capital began coverage on NRG Energy in a report on Thursday, June 1st. They issued a “buy” rating and a $20.00 price objective on the stock. One investment 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’s stock. NRG Energy presently has a consensus rating of “Buy” and an average target price of $21.13.

Shares of NRG Energy (NYSE:NRG) traded down 0.062% on Monday, hitting $24.235. The stock had a trading volume of 1,396,996 shares. NRG Energy has a 12 month low of $9.84 and a 12 month high of $25.43. The firm’s market cap is $7.66 billion. The firm’s 50-day moving average price is $20.56 and its 200 day moving average price is $17.81.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st will be issued a $0.03 dividend. The ex-dividend date of this dividend is Friday, July 28th. This represents a $0.12 dividend on an annualized basis and a yield of 0.49%. NRG Energy’s dividend payout ratio is currently -2.75%.

A number of institutional investors have recently added to or reduced their stakes in the company. ING Groep NV increased its position in NRG Energy by 0.4% in the second quarter. ING Groep NV now owns 16,178 shares of the utilities provider’s stock worth $279,000 after buying an additional 65 shares in the last quarter. First Personal Financial Services increased its position in shares of NRG Energy by 0.6% in the first quarter. First Personal Financial Services now owns 14,675 shares of the utilities provider’s stock valued at $274,000 after buying an additional 90 shares during the period. Contravisory Investment Management Inc. increased its position in shares of NRG Energy by 0.7% in the second quarter. Contravisory Investment Management Inc. now owns 15,118 shares of the utilities provider’s stock valued at $260,000 after buying an additional 110 shares during the period. New Mexico Educational Retirement Board increased its position in shares of NRG Energy by 0.6% in the first quarter. New Mexico Educational Retirement Board now owns 32,062 shares of the utilities provider’s stock valued at $600,000 after buying an additional 200 shares during the period. Finally, Arizona State Retirement System increased its position in shares of NRG Energy by 0.3% in the first quarter. Arizona State Retirement System now owns 78,200 shares of the utilities provider’s stock valued at $1,462,000 after buying an additional 200 shares during the period. Hedge funds and other institutional investors own 92.46% of the company’s stock.

NRG Energy Company Profile

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.

Earnings History and Estimates for NRG Energy (NYSE:NRG)

Receive News & Ratings for NRG Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NRG Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.