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

Shares of NRG Energy, Inc. (NYSE:NRG) have received a consensus recommendation of “Hold” from the four ratings firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $44.00.

NRG has been the subject of several analyst reports. StockNews.com initiated coverage on NRG Energy in a report on Thursday, August 17th. They issued a “sell” rating for the company. BMO Capital Markets upped their target price on NRG Energy from $45.00 to $46.00 and gave the company a “market perform” rating in a report on Wednesday, August 9th. Finally, Bank of America upped their target price on NRG Energy from $43.00 to $46.00 in a report on Thursday, July 20th.

NRG Energy Stock Up 0.4 %

NYSE NRG opened at $37.16 on Monday. The business has a fifty day moving average price of $37.05 and a 200 day moving average price of $34.79. NRG Energy has a one year low of $30.25 and a one year high of $45.80. The company has a debt-to-equity ratio of 4.00, a quick ratio of 0.96 and a current ratio of 1.02. The company has a market cap of $8.51 billion, a P/E ratio of -4.20, a P/E/G ratio of 2.03 and a beta of 1.04.

NRG Energy (NYSE:NRG) last posted its quarterly earnings data on Tuesday, August 8th. The utilities provider reported $1.25 EPS for the quarter, missing the consensus estimate of $2.47 by ($1.22). NRG Energy had a negative net margin of 6.75% and a positive return on equity of 25.82%. The firm had revenue of $6.35 billion during the quarter, compared to analyst estimates of $7.73 billion. During the same period in the prior year, the company posted $0.33 earnings per share. The firm’s revenue for the quarter was down 12.8% compared to the same quarter last year. Research analysts anticipate that NRG Energy will post 4.55 EPS for the current fiscal year.

NRG Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st were issued a dividend of $0.3775 per share. The ex-dividend date was Monday, July 31st. This is a boost from NRG Energy’s previous quarterly dividend of $0.38. This represents a $1.51 dividend on an annualized basis and a dividend yield of 4.06%. NRG Energy’s dividend payout ratio is currently -17.08%.

Hedge Funds Weigh In On NRG Energy

A number of hedge funds have recently modified their holdings of the business. John G Ullman & Associates Inc. grew its holdings in shares of NRG Energy by 68.4% during the 2nd quarter. John G Ullman & Associates Inc. now owns 54,650 shares of the utilities provider’s stock worth $2,043,000 after purchasing an additional 22,200 shares during the period. Coppell Advisory Solutions LLC purchased a new position in shares of NRG Energy during the 2nd quarter worth $37,000. Nuveen Asset Management LLC grew its holdings in shares of NRG Energy by 8.8% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,010,101 shares of the utilities provider’s stock worth $37,768,000 after purchasing an additional 81,413 shares during the period. GTS Securities LLC purchased a new position in shares of NRG Energy during the 2nd quarter worth $5,053,000. Finally, Invesco LLC purchased a new position in shares of NRG Energy during the 2nd quarter worth $1,276,000. 98.27% of the stock is currently owned by hedge funds and other institutional investors.

NRG Energy Company Profile

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