NRG Energy (NRG) Earns Coverage Optimism Rating of 0.16
Press coverage about NRG Energy (NYSE:NRG) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. NRG Energy earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned news stories about the utilities provider an impact score of 46.0435247276215 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Analysts’ Views on NRG Energy Stock Changed Recently (finance.yahoo.com)
- NRG Energy Inc (NRG) Plans Quarterly Dividend of $0.03 (americanbankingnews.com)
- Here’s What to Focus on – NRG Energy Inc (NYSE: NRG) – Alpha Beta Stock (alphabetastock.com)
- Most Shocking Stock Movements: Genworth Financial, Inc. (GNW), NRG Energy, Inc. (NRG) – Market Movers (financialqz.com)
- What Utilities’ Recent Implied Volatility Trends Suggest (finance.yahoo.com)
A number of equities research analysts recently issued reports on NRG shares. Bank of America assumed coverage on shares of NRG Energy in a report on Tuesday, October 24th. They issued a “buy” rating and a $31.00 price objective for the company. Zacks Investment Research upgraded shares of NRG Energy from a “sell” rating to a “hold” rating in a report on Friday, October 27th. ValuEngine cut shares of NRG Energy from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, SunTrust Banks restated a “hold” rating and set a $25.00 price target on shares of NRG Energy in a report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the stock. NRG Energy has an average rating of “Buy” and an average price target of $24.67.
NRG Energy (NYSE:NRG) last released its quarterly earnings results on Thursday, November 2nd. The utilities provider reported $0.61 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.51). NRG Energy had a negative net margin of 13.48% and a positive return on equity of 8.82%. The firm had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $3.28 billion. During the same quarter last year, the company earned $1.27 earnings per share. The firm’s revenue was down 10.9% on a year-over-year basis. equities analysts forecast that NRG Energy will post 0.56 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend is Wednesday, January 31st. NRG Energy’s dividend payout ratio (DPR) is -4.76%.
In related news, Director Barry T. Smitherman bought 2,541 shares of NRG Energy stock in a transaction that occurred on Monday, November 6th. The stock was acquired at an average price of $28.38 per share, for a total transaction of $72,113.58. Following the completion of the purchase, the director now owns 49,000 shares in the company, valued at $1,390,620. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.31% of the stock is owned by corporate insiders.
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NRG Energy Company Profile
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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