Investors Buy Shares of NRG Energy, Inc. (NRG) on Weakness
Investors bought shares of NRG Energy, Inc. (NYSE:NRG) on weakness during trading hours on Monday. $23.64 million flowed into the stock on the tick-up and $9.07 million flowed out of the stock on the tick-down, for a money net flow of $14.57 million into the stock. Of all stocks tracked, NRG Energy had the 23rd highest net in-flow for the day. NRG Energy traded down ($0.04) for the day and closed at $23.88
Several analysts recently issued reports on the stock. UBS AG raised shares of NRG Energy from a “neutral” rating to a “buy” rating and lifted their price target for the company from $19.00 to $20.00 in a research report on Thursday, June 1st. BidaskClub raised shares of NRG Energy from a “hold” rating to a “buy” rating in a report on Wednesday, August 16th. ValuEngine raised shares of NRG Energy from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 6th. Zacks Investment Research raised shares of 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. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $27.00 price objective on shares of NRG Energy in a report 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 assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $21.13.
The stock’s market cap is $7.56 billion. The stock has a 50-day moving average price of $24.83 and a 200-day moving average price of $19.29.
NRG Energy (NYSE:NRG) last released its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.36 EPS for the quarter, beating the consensus estimate of $0.05 by $0.31. NRG Energy had a positive return on equity of 12.38% and a negative net margin of 10.67%. The company had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $3.19 billion. During the same period last year, the firm posted ($0.61) earnings per share. NRG Energy’s revenue was up 20.2% compared to the same quarter last year. On average, analysts anticipate that NRG Energy, Inc. will post $0.28 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st were given a dividend of $0.03 per share. The ex-dividend date was Friday, July 28th. This represents a $0.12 annualized dividend and a dividend yield of 0.50%. NRG Energy’s dividend payout ratio (DPR) is presently -2.75%.
Institutional investors have recently added to or reduced their stakes in the stock. Fieldpoint Private Securities LLC purchased a new stake in shares of NRG Energy during the second quarter valued at $112,000. Ameritas Investment Partners Inc. purchased a new stake in shares of NRG Energy during the first quarter valued at $141,000. Ballentine Partners LLC purchased a new stake in shares of NRG Energy during the second quarter valued at $209,000. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of NRG Energy during the first quarter valued at $194,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of NRG Energy during the second quarter valued at $186,000. 91.65% 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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