SunTrust Banks Equities Analysts Lift Earnings Estimates for NRG Energy, Inc. (NRG)

NRG Energy, Inc. (NYSE:NRG) – SunTrust Banks lifted their Q2 2017 earnings per share estimates for shares of NRG Energy in a report issued on Thursday. SunTrust Banks analyst A. Agha now anticipates that the utilities provider will post earnings per share of $1.04 for the quarter, up from their previous forecast of $0.87. SunTrust Banks also issued estimates for NRG Energy’s Q3 2017 earnings at $1.35 EPS, Q4 2017 earnings at ($0.87) EPS, FY2017 earnings at $0.99 EPS, Q1 2018 earnings at ($0.46) EPS, Q3 2018 earnings at $1.42 EPS, Q4 2018 earnings at ($0.82) EPS, FY2018 earnings at $1.25 EPS, Q1 2019 earnings at ($0.50) EPS and FY2019 earnings at $1.07 EPS.

NRG Energy (NYSE:NRG) last issued its earnings results on Tuesday, May 2nd. The utilities provider reported ($0.52) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.41) by $0.11. The business had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $3.29 billion. NRG Energy had a positive return on equity of 7.01% and a negative net margin of 7.81%.

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Earnings History and Estimates for NRG Energy (NYSE:NRG)

A number of other equities research analysts also recently weighed in on the company. Zacks Investment Research downgraded NRG Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, April 25th. Deutsche Bank AG cut their target price on NRG Energy from $29.00 to $26.00 and set a “buy” rating for the company in a research report on Tuesday, April 11th. Goldman Sachs Group, Inc. (The) raised NRG Energy from a “neutral” rating to a “buy” rating and upped their price target for the company from $13.00 to $26.00 in a report on Wednesday, March 29th. Barclays PLC reaffirmed an “overweight” rating and issued a $20.00 price target (up previously from $19.00) on shares of NRG Energy in a report on Sunday, April 23rd. Finally, Citigroup Inc. raised NRG Energy from a “neutral” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Friday, February 24th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $20.43.

NRG Energy (NYSE:NRG) opened at 16.76 on Monday. The stock’s 50 day moving average price is $15.98 and its 200-day moving average price is $16.04. NRG Energy has a 52 week low of $9.84 and a 52 week high of $19.07. The stock’s market capitalization is $5.30 billion.

Several hedge funds and other institutional investors have recently bought and sold shares of NRG. Janus Capital Management LLC boosted its position in NRG Energy by 23.7% in the fourth quarter. Janus Capital Management LLC now owns 6,809,687 shares of the utilities provider’s stock valued at $83,517,000 after buying an additional 1,306,675 shares in the last quarter. GSA Capital Partners LLP boosted its position in NRG Energy by 385.3% in the fourth quarter. GSA Capital Partners LLP now owns 91,364 shares of the utilities provider’s stock valued at $1,120,000 after buying an additional 72,536 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in NRG Energy by 15,302.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 200,382 shares of the utilities provider’s stock valued at $2,456,000 after buying an additional 199,081 shares in the last quarter. Renaissance Technologies LLC bought a new position in NRG Energy during the fourth quarter valued at about $3,532,000. Finally, Dynamic Technology Lab Private Ltd boosted its position in NRG Energy by 27.5% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 36,043 shares of the utilities provider’s stock valued at $442,000 after buying an additional 7,783 shares in the last quarter. 93.47% of the stock is currently owned by institutional investors.

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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