The stock of NRG Energy Inc (NYSE:NRG) is a huge mover today! About 727,594 shares traded hands. NRG Energy Inc (NYSE:NRG) has declined 9.95% since March 9, 2016 and is downtrending. It has underperformed by 17.36% the S&P500.
The move comes after 6 months positive chart setup for the $3.40B company. It was reported on Oct, 12 by Barchart.com. We have $15.69 PT which if reached, will make NYSE:NRG worth $1.43B more.
Analysts await NRG Energy Inc (NYSE:NRG) to report earnings on November, 2. They expect $0.93 earnings per share, up 416.67% or $0.75 from last year’s $0.18 per share. NRG’s profit will be $286.15 million for 2.97 P/E if the $0.93 EPS becomes a reality. After $-0.04 actual earnings per share reported by NRG Energy Inc for the previous quarter, Wall Street now forecasts -2,425.00% EPS growth.
NRG Energy Inc (NYSE:NRG) Ratings Coverage
Out of 11 analysts covering NRG Yield (NYSE:NRG), 7 rate it a “Buy”, 2 “Sell”, while 2 “Hold”. This means 64% are positive. NRG Yield has been the topic of 20 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The company was maintained on Monday, August 10 by RBC Capital Markets. As per Thursday, June 9, the company rating was downgraded by UBS. Deutsche Bank maintained NRG Energy Inc (NYSE:NRG) on Monday, September 21 with “Buy” rating. The firm has “Sell” rating given on Tuesday, December 1 by Citigroup. As per Wednesday, August 31, the company rating was maintained by UBS. Barclays Capital maintained the stock with “Buy” rating in Monday, September 21 report. The rating was maintained by Barclays Capital on Wednesday, August 10 with “Overweight”. SunTrust maintained the shares of NRG in a report on Monday, March 7 with “Neutral” rating. The rating was downgraded by Wolfe Research to “Outperform” on Monday, August 10. The company was initiated on Friday, January 29 by Guggenheim.
According to Zacks Investment Research, “NRG Energy Inc owns and operates a diverse portfolio of power-generating facilities, primarily in the United States. Its operations include baseload, intermediate, peaking, and cogeneration facilities, thermal energy production and energy resource recovery facilities.”
Insitutional Activity: The institutional sentiment increased to 1.02 in 2016 Q2. Its up 0.01, from 1.01 in 2016Q1. The ratio increased, as 37 funds sold all NRG Energy Inc shares owned while 119 reduced positions. 45 funds bought stakes while 114 increased positions. They now own 299.28 million shares or 5.49% less from 316.65 million shares in 2016Q1.
Mirae Asset Global Invests Limited has 0.03% invested in the company for 81,972 shares. Wfg Advsrs Lp has 224 shares for 0% of their US portfolio. Keeley Asset Mngmt Corp has 0.56% invested in the company for 903,399 shares. Acadian Asset Mgmt Limited Co last reported 5,496 shares in the company. New York State Common Retirement Fund holds 0.02% of its portfolio in NRG Energy Inc (NYSE:NRG) for 917,509 shares. Hartford Investment Mngmt has 74,639 shares for 0.02% of their US portfolio. Moreover, Twin Tree Limited Partnership has 0.01% invested in NRG Energy Inc (NYSE:NRG) for 34,976 shares. The Massachusetts-based Liberty Mutual Grp Asset Mgmt Incorporated has invested 0.01% in NRG Energy Inc (NYSE:NRG). Moreover, Sawtooth Asset Mngmt has 0.36% invested in NRG Energy Inc (NYSE:NRG) for 44,282 shares. Davenport Co Limited Liability Co accumulated 0% or 22,229 shares. Savant Ltd Company owns 18,660 shares or 0.08% of their US portfolio. Signaturefd Lc owns 69 shares or 0% of their US portfolio. Chicago Equity Prtnrs Ltd holds 0.01% of its portfolio in NRG Energy Inc (NYSE:NRG) for 31,615 shares. Commonwealth Fincl Bank Of reported 86,700 shares or 0.02% of all its holdings. Paradigm Asset Company Limited Company accumulated 0% or 41,741 shares.
Insider Transactions: Since May 20, 2016, the stock had 0 insider buys, and 2 insider sales for $85,391 net activity. 1,968 shares with value of $30,530 were sold by Callen David on Friday, May 20. The insider WEIDEMEYER THOMAS H sold $54,861.
More news for NRG Energy Inc (NYSE:NRG) were recently published by: Businesswire.com, which released: “NRG Energy, Inc. Announces Cash Tender Offer for its Outstanding 7.625% Senior …” on October 04, 2016. Bizjournals.com‘s article titled: “NRG Energy wins bid to take ownership of bankrupt co.’s solar energy projects” and published on September 13, 2016 is yet another important article.
NRG Company Profile
NRG Energy, Inc. (NRG), incorporated on May 29, 1992, is an integrated power firm that produces, sells and delivers energy, and energy services and products in various power markets in the United States. The Company’s divisions include NRG Business, which includes power generation, the carbon capture business and energy services; NRG Home, which includes NRG Home Retail, which consists of residential retail services and products, and NRG Home Solar, which includes the installation and leasing of residential solar services; NRG Renew, which includes solar and wind assets, excluding those in the NRG Yield and NRG Home Solar divisions; NRG Yield, and corporate activities. NRG Yield includes certain of the Company’s contracted generation assets. The Company’s corporate segment includes Boston Energy Trading and Marketing LLC (BETM), international business and electric vehicle services. The Firm owns and operates approximately 50,000 megawatts of generation; engages in the trading of wholesale energy, capacity and related products; transacts in and trades fuel and transportation services, and directly sells energy, services, and services and products to retail clients under the names NRG, Reliant and other retail brand names owned by the Company.
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