NRG Energy (NYSE:NRG) had its price target increased by SunTrust Banks from $37.00 to $39.00 in a research note published on Tuesday, BenzingaRatingsTable reports. The brokerage currently has a hold rating on the utilities provider’s stock. SunTrust Banks also issued estimates for NRG Energy’s FY2020 earnings at $4.13 EPS and FY2021 earnings at $3.81 EPS.
A number of other equities research analysts have also recently issued reports on NRG. Goldman Sachs Group raised shares of NRG Energy from a buy rating to a conviction-buy rating and set a $56.00 price objective for the company in a research note on Monday, June 24th. Zacks Investment Research raised shares of NRG Energy from a hold rating to a buy rating and set a $38.00 price objective for the company in a research note on Tuesday, August 20th. ValuEngine cut shares of NRG Energy from a hold rating to a sell rating in a research note on Thursday, August 1st. Finally, Morgan Stanley raised shares of NRG Energy from an equal weight rating to an overweight rating and upped their price objective for the company from $47.00 to $49.00 in a research note on Friday, September 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $45.50.
Shares of NRG Energy stock opened at $39.07 on Tuesday. NRG Energy has a 52-week low of $32.63 and a 52-week high of $43.66. The stock has a market capitalization of $9.85 billion, a price-to-earnings ratio of 18.46, a price-to-earnings-growth ratio of 0.28 and a beta of 0.78. The company has a fifty day moving average of $36.11 and a 200-day moving average of $37.55.
NRG Energy (NYSE:NRG) last announced its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $0.70 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.78 by ($0.08). NRG Energy had a net margin of 6.20% and a negative return on equity of 45.11%. The business had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same period last year, the company posted $0.31 EPS. NRG Energy’s revenue for the quarter was up .2% on a year-over-year basis. On average, analysts predict that NRG Energy will post 3.89 earnings per share for the current year.
A number of large investors have recently bought and sold shares of the stock. Hancock Whitney Corp raised its holdings in NRG Energy by 0.9% during the 2nd quarter. Hancock Whitney Corp now owns 31,282 shares of the utilities provider’s stock valued at $1,099,000 after buying an additional 284 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in NRG Energy by 0.7% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 45,309 shares of the utilities provider’s stock worth $1,925,000 after purchasing an additional 313 shares in the last quarter. Panagora Asset Management Inc. raised its holdings in NRG Energy by 0.6% in the 2nd quarter. Panagora Asset Management Inc. now owns 57,207 shares of the utilities provider’s stock worth $2,009,000 after purchasing an additional 325 shares in the last quarter. Wealthfront Advisers LLC raised its holdings in NRG Energy by 1.2% in the 1st quarter. Wealthfront Advisers LLC now owns 28,607 shares of the utilities provider’s stock worth $1,215,000 after purchasing an additional 347 shares in the last quarter. Finally, Eaton Vance Management raised its holdings in NRG Energy by 0.9% in the 2nd quarter. Eaton Vance Management now owns 48,198 shares of the utilities provider’s stock worth $1,693,000 after purchasing an additional 413 shares in the last quarter.
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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