Shares of NRG Energy Inc (NYSE:NRG) have been given an average rating of “Hold” by the eleven research firms that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $40.33.

Several brokerages recently commented on NRG. ValuEngine cut NRG Energy from a “sell” rating to a “strong sell” rating in a research report on Monday, June 1st. UBS Group reduced their price target on NRG Energy from $44.00 to $41.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Citigroup reduced their price target on NRG Energy from $49.00 to $34.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. Morgan Stanley raised their price objective on NRG Energy from $54.00 to $56.00 and gave the company an “overweight” rating in a research report on Wednesday, June 17th. Finally, Cfra cut NRG Energy from a “hold” rating to a “sell” rating and cut their price objective for the company from $37.00 to $28.00 in a research report on Thursday, May 7th.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Alliancebernstein L.P. lifted its holdings in NRG Energy by 62.6% during the 4th quarter. Alliancebernstein L.P. now owns 7,418,351 shares of the utilities provider’s stock worth $294,879,000 after purchasing an additional 2,857,395 shares during the last quarter. Janus Henderson Group PLC increased its stake in NRG Energy by 49.3% during the 1st quarter. Janus Henderson Group PLC now owns 7,344,429 shares of the utilities provider’s stock worth $200,209,000 after acquiring an additional 2,424,235 shares during the period. Wellington Management Group LLP increased its stake in NRG Energy by 15.3% during the 1st quarter. Wellington Management Group LLP now owns 5,208,232 shares of the utilities provider’s stock worth $141,977,000 after acquiring an additional 690,269 shares during the period. Renaissance Technologies LLC increased its stake in NRG Energy by 199.1% during the 4th quarter. Renaissance Technologies LLC now owns 4,755,569 shares of the utilities provider’s stock worth $189,034,000 after acquiring an additional 3,165,853 shares during the period. Finally, Geode Capital Management LLC increased its stake in NRG Energy by 2.3% during the 1st quarter. Geode Capital Management LLC now owns 4,173,498 shares of the utilities provider’s stock worth $113,563,000 after acquiring an additional 95,019 shares during the period. 98.22% of the stock is owned by institutional investors.

NYSE NRG traded down $0.36 during trading hours on Tuesday, hitting $32.79. 1,847,248 shares of the company traded hands, compared to its average volume of 2,776,696. The business’s 50-day moving average is $34.44 and its 200-day moving average is $34.35. NRG Energy has a twelve month low of $19.54 and a twelve month high of $41.78. The company has a debt-to-equity ratio of 4.09, a quick ratio of 1.09 and a current ratio of 1.22. The stock has a market capitalization of $8.00 billion, a price-to-earnings ratio of 2.11, a P/E/G ratio of 0.15 and a beta of 1.06.

NRG Energy (NYSE:NRG) last issued its quarterly earnings results on Thursday, May 7th. The utilities provider reported $0.55 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.20). NRG Energy had a net margin of 42.14% and a negative return on equity of 15,555.52%. The company had revenue of $2.02 billion for the quarter. Analysts predict that NRG Energy will post 5.18 EPS for the current year.

NRG Energy Company Profile

NRG Energy, Inc, together with its subsidiaries, operates as an energy company in the United States. The company is involved in the producing, selling, and delivering electricity and related products and services to 3.1 million residential, industrial, and commercial consumers. It generates electricity using natural gas, coal, oil, solar, nuclear, wind, fossil fuel, and nuclear sources.

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Analyst Recommendations for NRG Energy (NYSE:NRG)

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