Traders Buy Shares of NRG Energy, Inc. (NRG) on Weakness

Investors purchased shares of NRG Energy, Inc. (NYSE:NRG) on weakness during trading on Tuesday. $56.04 million flowed into the stock on the tick-up and $16.13 million flowed out of the stock on the tick-down, for a money net flow of $39.91 million into the stock. Of all equities tracked, NRG Energy had the 16th highest net in-flow for the day. NRG Energy traded down ($0.62) for the day and closed at $26.00

NRG has been the topic of several recent research reports. BidaskClub raised shares of NRG Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. Zacks Investment Research raised shares of NRG Energy from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Tuesday, September 12th. Barclays PLC reissued an “overweight” rating and issued a $27.00 target price on shares of NRG Energy in a research report on Thursday, July 13th. They noted that the move was a valuation call. Finally, ValuEngine raised shares of NRG Energy from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 6th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $22.25.

The stock’s market cap is $8.23 billion. The firm has a 50-day moving average of $24.66 and a 200-day moving average of $20.58.

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 analysts’ consensus estimates of $0.05 by $0.31. The company had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $3.19 billion. NRG Energy had a positive return on equity of 12.38% and a negative net margin of 10.67%. NRG Energy’s revenue was up 20.2% on a year-over-year basis. During the same period in the prior year, the business posted ($0.61) EPS. On average, analysts predict that NRG Energy, Inc. will post $0.59 EPS for the current year.

Several hedge funds have recently made changes to their positions in NRG. Fieldpoint Private Securities LLC bought a new stake in shares of NRG Energy in the 2nd quarter valued at about $112,000. Ameritas Investment Partners Inc. bought a new stake in shares of NRG Energy in the 1st quarter valued at about $141,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of NRG Energy in the 2nd quarter valued at about $186,000. Edmond DE Rothschild Holding S.A. bought a new stake in shares of NRG Energy in the 1st quarter valued at about $194,000. Finally, Thrivent Financial For Lutherans increased its stake in shares of NRG Energy by 4.4% in the 2nd quarter. Thrivent Financial For Lutherans now owns 12,070 shares of the utilities provider’s stock valued at $208,000 after acquiring an additional 510 shares during the last quarter. 91.67% of the stock is owned by institutional investors.

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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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