NRG Energy, Inc. (NYSE:NRG) – Analysts at SunTrust Banks increased their FY2019 earnings per share estimates for NRG Energy in a research report issued on Friday. SunTrust Banks analyst A. Agha now forecasts that the utilities provider will post earnings per share of $1.59 for the year, up from their prior forecast of $1.45.
NRG Energy (NYSE:NRG) last announced its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.31. NRG Energy had a negative net margin of 10.67% and a positive return on equity of 12.38%. The firm had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $3.19 billion. During the same quarter last year, the firm earned ($0.61) EPS. The firm’s revenue for the quarter was up 20.2% compared to the same quarter last year. TRADEMARK VIOLATION WARNING: This report was first published by BNB Daily and is owned by of BNB Daily. If you are accessing this report on another site, it was illegally stolen and republished in violation of international copyright laws. The original version of this report can be read at https://www.baseball-news-blog.com/2017/08/19/fy2019-earnings-forecast-for-nrg-energy-inc-issued-by-suntrust-banks-nysenrg-updated.html.
Other equities analysts have also issued reports about the stock. Barclays PLC restated an “overweight” rating and issued a $20.00 price objective (up from $19.00) on shares of NRG Energy in a report on Sunday, April 23rd. BidaskClub raised shares of NRG Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Zacks Investment Research downgraded shares of NRG Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, April 25th. Williams Capital began coverage on shares of NRG Energy in a research report on Thursday, June 1st. They issued a “buy” rating and a $20.00 price objective on the stock. Finally, Deutsche Bank AG dropped their price objective on shares of NRG Energy from $29.00 to $26.00 and set a “buy” rating on the stock in a research report on Tuesday, April 11th. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $21.13.
Shares of NRG Energy (NYSE:NRG) traded down 0.12% during mid-day trading on Monday, reaching $24.47. 1,703,161 shares of the company’s stock traded hands. NRG Energy has a 12-month low of $9.84 and a 12-month high of $25.43. The company’s 50-day moving average price is $19.91 and its 200-day moving average price is $17.67. The stock’s market capitalization is $7.73 billion.
A number of hedge funds have recently bought and sold shares of the stock. James Investment Research Inc. acquired a new stake in NRG Energy during the first quarter valued at $490,000. Retirement Systems of Alabama raised its position in NRG Energy by 2.2% in the first quarter. Retirement Systems of Alabama now owns 152,737 shares of the utilities provider’s stock valued at $2,856,000 after buying an additional 3,225 shares in the last quarter. Ledyard National Bank purchased a new position in NRG Energy during the first quarter valued at approximately $243,000. Nisa Investment Advisors LLC raised its position in NRG Energy by 24.4% in the first quarter. Nisa Investment Advisors LLC now owns 50,900 shares of the utilities provider’s stock valued at $952,000 after buying an additional 10,000 shares in the last quarter. Finally, Washington Trust Bank raised its position in NRG Energy by 1.2% in the first quarter. Washington Trust Bank now owns 102,631 shares of the utilities provider’s stock valued at $1,919,000 after buying an additional 1,182 shares in the last quarter. 92.46% of the stock is currently owned by hedge funds and other institutional investors.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st will be issued a $0.03 dividend. The ex-dividend date of this dividend is Friday, July 28th. This represents a $0.12 annualized dividend and a yield of 0.49%. NRG Energy’s dividend payout ratio is presently -2.75%.
About NRG Energy
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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