NRG Energy, Inc. (NYSE:NRG) Receives Consensus Rating of “Hold” from Brokerages

NRG Energy, Inc. (NYSE:NRGGet Rating) has earned a consensus recommendation of “Hold” from the nine research firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $42.67.

NRG has been the topic of several recent research reports. Bank of America lowered shares of NRG Energy from a “buy” rating to a “neutral” rating and lowered their price target for the company from $47.00 to $43.00 in a research note on Thursday, April 21st. Evercore ISI reaffirmed a “hold” rating and issued a $42.00 target price on shares of NRG Energy in a research report on Friday, February 25th. StockNews.com assumed coverage on NRG Energy in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Zacks Investment Research cut NRG Energy from a “hold” rating to a “strong sell” rating and set a $34.00 price objective on the stock. in a research note on Friday, April 22nd.

NRG stock opened at $41.43 on Tuesday. The business has a 50-day moving average of $38.24 and a 200-day moving average of $38.81. NRG Energy has a fifty-two week low of $31.94 and a fifty-two week high of $46.10. The stock has a market capitalization of $10.03 billion, a P/E ratio of 2.52, a P/E/G ratio of 1.27 and a beta of 0.91. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.37 and a quick ratio of 1.31.

NRG Energy (NYSE:NRGGet Rating) last issued its quarterly earnings results on Friday, May 6th. The utilities provider reported $7.17 earnings per share for the quarter, topping the consensus estimate of $0.60 by $6.57. NRG Energy had a net margin of 8.10% and a return on equity of 64.00%. The company had revenue of $7.86 billion during the quarter, compared to analysts’ expectations of $4.46 billion. During the same period last year, the business earned $0.84 EPS. The business’s quarterly revenue was down 2.9% on a year-over-year basis. Equities analysts expect that NRG Energy will post 3.22 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 16th. Shareholders of record on Monday, May 2nd will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date is Friday, April 29th. NRG Energy’s dividend payout ratio (DPR) is presently 8.52%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Rational Advisors LLC increased its holdings in shares of NRG Energy by 150.9% during the 4th quarter. Rational Advisors LLC now owns 577 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 347 shares during the last quarter. Moors & Cabot Inc. acquired a new position in shares of NRG Energy in the third quarter valued at $27,000. CWM LLC raised its position in shares of NRG Energy by 70.5% in the first quarter. CWM LLC now owns 757 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 313 shares during the period. Counterpoint Mutual Funds LLC acquired a new stake in shares of NRG Energy during the 4th quarter worth about $30,000. Finally, Capital Analysts LLC boosted its holdings in shares of NRG Energy by 58.1% during the 4th quarter. Capital Analysts LLC now owns 800 shares of the utilities provider’s stock worth $34,000 after buying an additional 294 shares during the period. Institutional investors own 97.43% of the company’s stock.

About NRG Energy (Get Rating)

NRG Energy, Inc, together with its subsidiaries, operates as an integrated power company in the United States. It operates through Texas, East, and West. The company is involved in the producing, selling, and delivering electricity and related products and services to approximately 6 million residential, commercial, industrial, and wholesale customers.

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Analyst Recommendations for NRG Energy (NYSE:NRG)

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