Goldman Sachs Group upgraded shares of NRG Energy (NYSE:NRG) from a buy rating to a conviction-buy rating in a report released on Monday, FlyOnTheWall reports. They currently have $56.00 target price on the utilities provider’s stock.
NRG has been the subject of several other reports. Zacks Investment Research cut NRG Energy from a strong-buy rating to a hold rating and set a $41.00 price objective for the company. in a report on Monday, May 27th. Morgan Stanley set a $46.00 price objective on NRG Energy and gave the stock a hold rating in a report on Thursday, May 16th. ValuEngine raised NRG Energy from a hold rating to a buy rating in a report on Thursday, March 7th. Deutsche Bank set a $43.00 price objective on NRG Energy and gave the stock a hold rating in a report on Friday, March 1st. Finally, Citigroup lifted their price objective on NRG Energy from $47.00 to $49.00 and gave the stock a buy rating in a report on Thursday, April 11th. Five equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. NRG Energy currently has an average rating of Buy and a consensus target price of $45.13.
Shares of NRG stock opened at $33.70 on Monday. The business’s fifty day moving average price is $35.26. The firm has a market capitalization of $9.40 billion, a PE ratio of 13.98, a PEG ratio of 0.26 and a beta of 0.87. NRG Energy has a 1 year low of $29.90 and a 1 year high of $43.66.
NRG Energy (NYSE:NRG) last issued its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.05). The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.13 billion. NRG Energy had a negative return on equity of 125.35% and a net margin of 4.64%. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.87 earnings per share. As a group, research analysts forecast that NRG Energy will post 4.12 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Global Retirement Partners LLC acquired a new position in shares of NRG Energy in the first quarter worth $31,000. Advisors Preferred LLC acquired a new position in shares of NRG Energy in the first quarter worth $52,000. Advisory Services Network LLC acquired a new position in shares of NRG Energy in the first quarter worth $70,000. Macquarie Group Ltd. raised its holdings in shares of NRG Energy by 320.0% in the fourth quarter. Macquarie Group Ltd. now owns 2,100 shares of the utilities provider’s stock worth $83,000 after acquiring an additional 1,600 shares during the last quarter. Finally, Bremer Bank National Association acquired a new position in shares of NRG Energy in the first quarter worth $94,000. 99.74% of the stock is owned by institutional investors.
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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