NRG Energy (NYSE:NRG) was downgraded by TheStreet from a “b” rating to a “c+” rating in a report released on Monday, TheStreetRatingsTable reports.
Several other analysts also recently weighed in on the company. Morgan Stanley boosted their price target on NRG Energy from $52.00 to $57.00 and gave the company an “overweight” rating in a research note on Friday, February 5th. The Goldman Sachs Group assumed coverage on NRG Energy in a research note on Thursday, January 28th. They set a “buy” rating and a $57.00 price target on the stock. Zacks Investment Research upgraded NRG Energy from a “sell” rating to a “hold” rating and set a $39.00 price target on the stock in a research note on Thursday, January 7th. Finally, Citigroup boosted their price target on NRG Energy from $34.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, February 4th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $44.61.
Shares of NRG stock opened at $39.28 on Monday. NRG Energy has a 1-year low of $19.54 and a 1-year high of $43.54. The stock’s fifty day moving average price is $40.74 and its 200 day moving average price is $35.02. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.55 and a quick ratio of 1.39. The company has a market cap of $9.59 billion, a price-to-earnings ratio of 2.51 and a beta of 1.00.
NRG Energy (NYSE:NRG) last announced its earnings results on Sunday, February 28th. The utilities provider reported ($0.71) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($1.08). NRG Energy had a return on equity of 50.32% and a net margin of 43.90%. As a group, equities research analysts anticipate that NRG Energy will post 4.77 earnings per share for the current year.
In other news, SVP David Callen sold 9,000 shares of the business’s stock in a transaction dated Tuesday, December 15th. The stock was sold at an average price of $33.40, for a total value of $300,600.00. Following the completion of the transaction, the senior vice president now owns 35,853 shares of the company’s stock, valued at approximately $1,197,490.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.70% of the company’s stock.
Several hedge funds have recently modified their holdings of NRG. DekaBank Deutsche Girozentrale raised its holdings in NRG Energy by 164.7% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 51,645 shares of the utilities provider’s stock…
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