The stock of NRG Energy Inc (NYSE:NRG) is a huge mover today! About 4.95M shares traded hands. NRG Energy Inc (NYSE:NRG) has declined 17.52% since March 15, 2016 and is downtrending. It has underperformed by 23.00% the S&P500.
The move comes after 8 months positive chart setup for the $3.63 billion company. It was reported on Oct, 18 by Barchart.com. We have $16.78 PT which if reached, will make NYSE:NRG worth $1.60B more.
Analysts await NRG Energy Inc (NYSE:NRG) to report earnings on November, 2. They expect $0.93 EPS, up 416.67% or $0.75 from last year’s $0.18 per share. NRG’s profit will be $289.78 million for 3.13 P/E if the $0.93 EPS becomes a reality. After $-0.04 actual EPS 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. Citigroup initiated NRG Energy Inc (NYSE:NRG) on Tuesday, December 1 with “Sell” rating. The firm has “Overweight” rating by Barclays Capital given on Wednesday, August 10. The stock has “Neutral” rating given by Suntrust Robinson on Friday, October 16. SunTrust initiated NRG Energy Inc (NYSE:NRG) on Friday, October 16 with “Neutral” rating. The company was downgraded on Thursday, June 9 by UBS. Deutsche Bank maintained NRG Energy Inc (NYSE:NRG) rating on Monday, September 21. Deutsche Bank has “Buy” rating and $31 price target. The stock has “Overweight” rating given by Barclays Capital on Friday, March 18. The firm earned “Buy” rating on Friday, January 29 by Guggenheim. The rating was maintained by RBC Capital Markets on Monday, August 10 with “Outperform”. The firm earned “Neutral” rating on Monday, March 7 by SunTrust.
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 Q2 2016. 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.
Cibc World Mkts holds 0% or 28,908 shares in its portfolio. Guardian Life Insur Of America owns 1,172 shares or 0% of their US portfolio. The Louisiana-based Louisiana State Employees Retirement System has invested 0.02% in NRG Energy Inc (NYSE:NRG). Glg Limited Liability Corporation has 0.02% invested in the company for 18,916 shares. Fjarde Ap accumulated 0.02% or 56,461 shares. Tower Research Lc (Trc), a New York-based fund reported 16,222 shares. Da Davidson & reported 50 shares or 0% of all its holdings. Ser Automobile Association owns 99,342 shares or 0.01% of their US portfolio. The New York-based New York State Common Retirement Fund has invested 0.02% in NRG Energy Inc (NYSE:NRG). Mizuho Asset Mngmt Coltd has invested 0.01% of its portfolio in NRG Energy Inc (NYSE:NRG). The New York-based Teachers has invested 0.01% in NRG Energy Inc (NYSE:NRG). Argentus Capital Mngmt Lc reported 35,145 shares or 0.22% of all its holdings. State Treasurer State Of Michigan has invested 0.01% of its portfolio in NRG Energy Inc (NYSE:NRG). Fincl Mgmt Professionals holds 0% or 3 shares in its portfolio. Shinko Asset Limited holds 0% of its portfolio in NRG Energy Inc (NYSE:NRG) for 989 shares.
Insider Transactions: Since May 20, 2016, the stock had 0 insider buys, and 2 sales for $85,391 net activity. Callen David had sold 1,968 shares worth $30,530. 3,182 NRG Energy Inc (NYSE:NRG) shares with value of $54,861 were sold by WEIDEMEYER THOMAS H.
Another recent and important NRG Energy Inc (NYSE:NRG) news was published by Businesswire.com which published an article titled: “NRG Energy, Inc. Announces Cash Tender Offer for its Outstanding 7.625% Senior …” on October 04, 2016.
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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