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

Traders bought shares of NRG Energy, Inc. (NYSE:NRG) on weakness during trading hours on Thursday. $33.76 million flowed into the stock on the tick-up and $16.86 million flowed out of the stock on the tick-down, for a money net flow of $16.90 million into the stock. Of all equities tracked, NRG Energy had the 20th highest net in-flow for the day. NRG Energy traded down ($0.41) for the day and closed at $25.54

Several analysts have recently issued reports on NRG shares. BidaskClub raised NRG Energy from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. ValuEngine raised NRG Energy from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 6th. Zacks Investment Research raised NRG Energy from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Tuesday, July 11th. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $27.00 price objective 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, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $22.25.

The stock’s market cap is $8.08 billion. The stock has a 50 day moving average of $24.78 and a 200 day moving average of $20.73.

NRG Energy (NYSE:NRG) last issued its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.31. NRG Energy had a positive return on equity of 12.38% and a negative net margin of 10.67%. The firm had revenue of $2.70 billion for the quarter, compared to analyst estimates of $3.19 billion. During the same period in the previous year, the company posted ($0.61) earnings per share. The business’s revenue was up 20.2% on a year-over-year basis. Equities analysts predict that NRG Energy, Inc. will post $0.59 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be given a dividend of $0.03 per share. The ex-dividend date is Tuesday, October 31st. This represents a $0.12 dividend on an annualized basis and a yield of 0.47%. NRG Energy’s payout ratio is -2.75%.

Institutional investors have recently made changes to their positions in the stock. Fieldpoint Private Securities LLC purchased a new position in NRG Energy during the second quarter worth approximately $112,000. Ameritas Investment Partners Inc. purchased a new position in NRG Energy during the first quarter worth approximately $141,000. Campbell & CO Investment Adviser LLC purchased a new position in NRG Energy during the second quarter worth approximately $186,000. Edmond DE Rothschild Holding S.A. purchased a new position in NRG Energy during the first quarter worth approximately $194,000. Finally, Thrivent Financial For Lutherans lifted its position in NRG Energy by 4.4% during the second quarter. Thrivent Financial For Lutherans now owns 12,070 shares of the utilities provider’s stock worth $208,000 after buying an additional 510 shares in the last quarter. Hedge funds and other institutional investors own 91.67% of the company’s stock.

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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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