NRG Energy (NRG) Shares Down 5.4%
NRG Energy Inc (NYSE:NRG) traded down 5.4% on Thursday . The company traded as low as $24.00 and last traded at $24.00. 8,448,130 shares traded hands during mid-day trading, an increase of 30% from the average session volume of 6,495,208 shares. The stock had previously closed at $25.36.
A number of equities research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of NRG Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 3rd. ValuEngine lowered shares of NRG Energy from a “buy” rating to a “hold” rating in a report on Friday, December 1st. SunTrust Banks restated a “hold” rating and issued a $25.00 target price on shares of NRG Energy in a report on Friday, October 20th. Finally, Bank of America assumed coverage on shares of NRG Energy in a report on Tuesday, October 24th. They issued a “buy” rating and a $31.00 target price on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company’s stock. NRG Energy has a consensus rating of “Buy” and an average target price of $24.67.
The company has a current ratio of 1.28, a quick ratio of 1.11 and a debt-to-equity ratio of 4.24. The firm has a market cap of $7,599.40, a P/E ratio of -4.82 and a beta of 1.15.
A number of large investors have recently bought and sold shares of the business. Timber Hill LLC purchased a new stake in NRG Energy in the 4th quarter valued at about $741,000. American Financial Group Inc. purchased a new stake in NRG Energy in the 4th quarter valued at about $212,000. American International Group Inc. increased its stake in NRG Energy by 45.0% in the 4th quarter. American International Group Inc. now owns 129,986 shares of the utilities provider’s stock valued at $3,702,000 after buying an additional 40,351 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in NRG Energy in the 4th quarter valued at about $9,814,000. Finally, Employees Retirement System of Texas increased its stake in NRG Energy by 90.0% in the 4th quarter. Employees Retirement System of Texas now owns 38,000 shares of the utilities provider’s stock valued at $1,082,000 after buying an additional 18,000 shares during the last quarter. Hedge funds and other institutional investors own 97.89% of the company’s stock.
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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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