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

Traders bought shares of NRG Energy, Inc. (NYSE:NRG) on weakness during trading hours on Wednesday. $41.88 million flowed into the stock on the tick-up and $22.87 million flowed out of the stock on the tick-down, for a money net flow of $19.01 million into the stock. Of all companies tracked, NRG Energy had the 21st highest net in-flow for the day. NRG Energy traded down ($0.16) for the day and closed at $24.84

A number of research firms recently weighed in on NRG. BidaskClub upgraded NRG Energy from a “hold” rating to a “buy” rating in a report on Wednesday, August 16th. ValuEngine upgraded NRG Energy from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 6th. Zacks Investment Research upgraded NRG Energy from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a report on Tuesday, July 11th. SunTrust Banks, Inc. restated a “hold” rating and issued a $25.00 price objective on shares of NRG Energy in a report on Friday, October 20th. Finally, Barclays PLC reiterated an “overweight” rating and set a $27.00 price target on shares of NRG Energy in a report on Thursday, July 13th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. NRG Energy has an average rating of “Buy” and a consensus price target of $24.67.

NRG Energy (NYSE:NRG) last released its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $3.19 billion. During the same quarter in the previous year, the company earned ($0.61) earnings per share. The company’s revenue for the quarter was up 20.2% compared to the same quarter last year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend is Tuesday, October 31st. NRG Energy’s payout ratio is -2.75%.

Several hedge funds have recently added to or reduced their stakes in the business. ING Groep NV increased its position in shares of NRG Energy by 0.4% in the second quarter. ING Groep NV now owns 16,178 shares of the utilities provider’s stock valued at $279,000 after acquiring an additional 65 shares during the period. Contravisory Investment Management Inc. increased its position in shares of NRG Energy by 0.7% in the second quarter. Contravisory Investment Management Inc. now owns 15,118 shares of the utilities provider’s stock valued at $260,000 after acquiring an additional 110 shares during the period. Louisiana State Employees Retirement System increased its position in shares of NRG Energy by 1.0% during the second quarter. Louisiana State Employees Retirement System now owns 19,600 shares of the utilities provider’s stock valued at $338,000 after buying an additional 200 shares during the period. Arizona State Retirement System increased its position in shares of NRG Energy by 0.3% during the second quarter. Arizona State Retirement System now owns 78,400 shares of the utilities provider’s stock valued at $1,350,000 after buying an additional 200 shares during the period. Finally, Sentry Investment Management LLC increased its position in shares of NRG Energy by 1.1% during the second quarter. Sentry Investment Management LLC now owns 21,736 shares of the utilities provider’s stock valued at $374,000 after buying an additional 243 shares during the period. Hedge funds and other institutional investors own 91.88% 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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