TheStreet Lowers NRG Energy (NRG) to D+
NRG Energy (NYSE:NRG) was downgraded by equities research analysts at TheStreet from a “c” rating to a “d+” rating in a note issued to investors on Thursday.
Several other equities research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of NRG Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 3rd. ValuEngine downgraded shares of NRG Energy from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, UBS Group initiated coverage on shares of NRG Energy in a research note on Friday, February 23rd. They issued a “buy” rating and a $33.00 target price for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $26.88.
Shares of NRG Energy (NYSE NRG) traded up $0.97 on Thursday, reaching $27.89. 5,430,000 shares of the company’s stock traded hands, compared to its average volume of 6,250,000. The firm has a market capitalization of $8,830.00, a P/E ratio of 16.50 and a beta of 1.10. NRG Energy has a 52 week low of $14.52 and a 52 week high of $29.78. The company has a current ratio of 1.33, a quick ratio of 1.11 and a debt-to-equity ratio of 7.99.
Several hedge funds and other institutional investors have recently bought and sold shares of NRG. Tiedemann Wealth Management LLC raised its holdings in shares of NRG Energy by 49.3% in the third quarter. Tiedemann Wealth Management LLC now owns 18,199 shares of the utilities provider’s stock worth $101,000 after buying an additional 6,011 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of NRG Energy by 3,685.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,785 shares of the utilities provider’s stock worth $108,000 after buying an additional 3,685 shares during the last quarter. Invictus RG purchased a new position in shares of NRG Energy in the third quarter worth $110,000. NuWave Investment Management LLC purchased a new position in shares of NRG Energy in the fourth quarter worth $116,000. Finally, Itau Unibanco Holding S.A. raised its holdings in shares of NRG Energy by 122.7% in the fourth quarter. Itau Unibanco Holding S.A. now owns 4,815 shares of the utilities provider’s stock worth $137,000 after buying an additional 2,653 shares during the last quarter. 97.31% of the stock is owned by institutional investors and hedge funds.
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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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