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

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

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

NRG Energy Price Performance

Shares of NRG stock opened at $85.01 on Monday. The company has a debt-to-equity ratio of 3.51, a current ratio of 1.18 and a quick ratio of 1.11. The stock’s fifty day simple moving average is $78.19 and its 200 day simple moving average is $73.76. NRG Energy has a one year low of $36.61 and a one year high of $87.58. The firm has a market cap of $17.54 billion, a price-to-earnings ratio of 12.04 and a beta of 1.08.

NRG Energy (NYSE:NRG) last issued its earnings results on Thursday, August 8th. The utilities provider reported $3.37 EPS for the quarter, beating the consensus estimate of $1.55 by $1.82. The company had revenue of $6.66 billion for the quarter, compared to the consensus estimate of $8.32 billion. NRG Energy had a net margin of 7.19% and a return on equity of 43.69%. The firm’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 company earned $1.10 EPS. On average, analysts expect that NRG Energy will post 4.45 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NRG Energy

A number of large investors have recently bought and sold shares of the company. International Assets Investment Management LLC grew its holdings in shares of 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 acquiring an additional 19,630 shares in the last quarter. Kestra Private Wealth Services LLC bought a new position in NRG Energy in the fourth quarter valued at approximately $354,000. First Trust Direct Indexing L.P. acquired a new position in shares of NRG Energy during the 4th quarter worth approximately $292,000. Amalgamated Bank raised its stake in shares of NRG Energy by 27.0% during the 4th quarter. Amalgamated Bank now owns 99,152 shares of the utilities provider’s stock worth $5,126,000 after purchasing an additional 21,049 shares in the last quarter. Finally, M&T Bank Corp boosted 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 last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.

NRG Energy Company Profile

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.