Zacks Investment Research lowered shares of NRG Energy (NYSE:NRG) from a hold rating to a strong sell rating in a research report report published on Wednesday morning.

According to Zacks, “NRG Energy is subject to stringent environmental regulations and intense competition in the wholesale power markets. A substantial amount of electricity still being produced from coal, remains a main cause of concern. Adverse weather conditions and risks relating to its international operation could impact performance of the company. However, NRG Energy’s Transformation Plan is well poised with cost-saving measures, debt-reduction plans and expansion of renewable operations, which will drive growth. The company does not depend one single customer to generate revenues, therefore, migration of customers to other operators have lesser impact on its performance. Shares of NRG Energy have outperformed the industry in the last six months.”

A number of other analysts have also recently weighed in on NRG. ValuEngine cut NRG Energy from a buy rating to a hold rating in a research report on Friday, December 1st. SunTrust Banks reissued a hold rating and issued a $25.00 price objective on shares of NRG Energy in a research report on Friday, October 20th. Finally, Bank of America assumed coverage on NRG Energy in a research report on Tuesday, October 24th. They issued a buy rating and a $31.00 price objective for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $24.67.

NRG Energy (NYSE NRG) traded up $0.18 during trading on Wednesday, hitting $28.73. The stock had a trading volume of 3,298,333 shares, compared to its average volume of 5,160,000. The company has a debt-to-equity ratio of 4.24, a current ratio of 1.28 and a quick ratio of 1.11. The firm has a market cap of $9,100.00, a PE ratio of -11.40 and a beta of 1.29. NRG Energy has a 52-week low of $12.96 and a 52-week high of $29.78.

NRG Energy (NYSE:NRG) last posted its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.61 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.51). The business had revenue of $3.05 billion during the quarter, compared to analyst estimates of $3.28 billion. NRG Energy had a positive return on equity of 8.82% and a negative net margin of 13.48%. The firm’s revenue for the quarter was down 10.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.27 EPS. equities research analysts forecast that NRG Energy will post 0.56 EPS for the current year.

In other NRG Energy news, Director Barry T. Smitherman acquired 2,541 shares of the stock in a transaction dated Monday, November 6th. The stock was purchased at an average price of $28.38 per share, with a total value of $72,113.58. Following the transaction, the director now directly owns 49,000 shares of the company’s stock, valued at $1,390,620. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.31% of the stock is owned by company insiders.

A number of hedge funds have recently modified their holdings of the stock. Sentry Investment Management LLC raised its stake in NRG Energy by 1.1% in the 2nd quarter. Sentry Investment Management LLC now owns 21,736 shares of the utilities provider’s stock worth $374,000 after acquiring an additional 243 shares during the last quarter. Thrivent Financial For Lutherans raised its stake in NRG Energy by 4.4% in the 2nd quarter. Thrivent Financial For Lutherans now owns 12,070 shares of the utilities provider’s stock worth $208,000 after acquiring an additional 510 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in NRG Energy by 6.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 21,991 shares of the utilities provider’s stock worth $379,000 after acquiring an additional 1,267 shares during the last quarter. Norinchukin Bank The raised its stake in NRG Energy by 6.8% in the 2nd quarter. Norinchukin Bank The now owns 21,935 shares of the utilities provider’s stock worth $378,000 after acquiring an additional 1,403 shares during the last quarter. Finally, Bridgewater Associates LP raised its stake in NRG Energy by 7.9% in the 2nd quarter. Bridgewater Associates LP now owns 20,587 shares of the utilities provider’s stock worth $355,000 after acquiring an additional 1,516 shares during the last quarter. Institutional investors own 97.25% of the company’s stock.

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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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