NRG Energy (NYSE:NRG) Rating Lowered to Hold at StockNews.com

NRG Energy (NYSE:NRG) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.

A number of other equities research analysts have also recently issued reports on NRG. Wells Fargo & Company lifted their price target on shares of NRG Energy from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, May 15th. Morgan Stanley upped their price target on shares of NRG Energy from $70.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 28th. Finally, BMO Capital Markets lifted their price objective on NRG Energy from $73.00 to $82.00 and gave the stock a “market perform” rating in a report on Wednesday, May 8th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, NRG Energy currently has a consensus rating of “Hold” and an average target price of $71.14.

NRG Energy Stock Down 6.2 %

NRG stock opened at $79.75 on Monday. The firm’s fifty day moving average is $78.21 and its 200 day moving average is $74.19. The firm has a market cap of $16.46 billion, a PE ratio of 11.30 and a beta of 1.08. NRG Energy has a one year low of $36.61 and a one year high of $87.58. The company has a debt-to-equity ratio of 3.51, a quick ratio of 1.11 and a current ratio of 1.18.

NRG Energy (NYSE:NRG) last announced its quarterly earnings results on Thursday, August 8th. The utilities provider reported $3.37 earnings per share for the quarter, beating the consensus estimate of $1.55 by $1.82. The firm had revenue of $6.66 billion during the quarter, compared to analyst estimates of $8.32 billion. NRG Energy had a return on equity of 43.69% and a net margin of 7.19%. NRG Energy’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.10 EPS. On average, research analysts forecast that NRG Energy will post 4.45 EPS for the current year.

Institutional Trading of NRG Energy

Several institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC raised its holdings in NRG Energy by 1,398.1% in the 4th quarter. International Assets Investment Management LLC now owns 21,034 shares of the utilities provider’s stock valued at $1,087,000 after buying an additional 19,630 shares during the period. Kestra Private Wealth Services LLC acquired a new stake in NRG Energy in the 4th quarter valued at approximately $354,000. First Trust Direct Indexing L.P. acquired a new position in NRG Energy during the fourth quarter worth $292,000. Amalgamated Bank grew its stake in shares of NRG Energy by 27.0% in the fourth quarter. Amalgamated Bank now owns 99,152 shares of the utilities provider’s stock valued at $5,126,000 after buying an additional 21,049 shares in the last quarter. Finally, M&T Bank Corp raised its holdings in shares of NRG Energy by 11.7% in the 4th quarter. M&T Bank Corp now owns 23,485 shares of the utilities provider’s stock valued at $1,214,000 after buying an additional 2,451 shares during the period. Hedge funds and other institutional investors own 97.72% of the company’s stock.

About NRG Energy

NRG Energy, Inc, together with its subsidiaries, operates as an energy and home services company in the United States and Canada. It operates through Texas; East; West/Services/Other; Vivint Smart Home; and Corporate Activities segments. The company produces and sells electricity generated using coal, oil, solar, and battery storage; natural gas; and a cloud-based home platform, including hardware, software, sales, installation, customer service, technical support, and professional monitoring solutions.