The stock of NRG Energy Inc (NYSE:NRG) is a huge mover today! About 6.36 million shares traded hands or 18.22% up from the average. NRG Energy Inc (NYSE:NRG) has declined 22.09% since March 29, 2016 and is downtrending. It has underperformed by 25.56% the S&P500.
The move comes after 5 months positive chart setup for the $3.31 billion company. It was reported on Oct, 31 by Barchart.com. We have $18.02 PT which if reached, will make NYSE:NRG worth $2.28B 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 $288.77M for 2.87 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. The firm earned “Outperform” rating on Monday, August 10 by Wolfe Research. Barclays Capital maintained NRG Energy Inc (NYSE:NRG) on Wednesday, August 10 with “Overweight” rating. The stock of NRG Energy Inc (NYSE:NRG) earned “Sell” rating by Citigroup on Tuesday, December 1. As per Friday, October 16, the company rating was initiated by Suntrust Robinson. Barclays Capital maintained NRG Energy Inc (NYSE:NRG) rating on Friday, March 18. Barclays Capital has “Overweight” rating and $18 price target. As per Wednesday, August 31, the company rating was maintained by UBS. RBC Capital Markets maintained the shares of NRG in a report on Monday, August 10 with “Outperform” rating. The stock of NRG Energy Inc (NYSE:NRG) has “Sell” rating given on Thursday, June 9 by UBS. On Monday, September 21 the stock rating was maintained by Barclays Capital with “Buy”. The firm has “Buy” rating given 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 Q2 2016. Its up 0.01, from 1.01 in 2016Q1. The ratio improved, 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.
Mackenzie Fincl accumulated 30,107 shares or 0% of the stock. Huntington Bank accumulated 385 shares or 0% of the stock. Daiwa Grp Inc has 0% invested in the company for 14,100 shares. Blackrock Inv Mgmt Limited Liability Company has 0.01% invested in the company for 702,681 shares. State Of Wisconsin Invest Board holds 418,661 shares or 0.03% of its portfolio. Preferred Limited Liability Corp has invested 0.02% of its portfolio in NRG Energy Inc (NYSE:NRG). Bp Pcl holds 0.16% of its portfolio in NRG Energy Inc (NYSE:NRG) for 273,000 shares. The New Jersey-based Bessemer Gru has invested 0% in NRG Energy Inc (NYSE:NRG). Gotham Asset Ltd Liability Co accumulated 17,891 shares or 0% of the stock. Toronto Dominion Natl Bank, a Ontario – Canada-based fund reported 1,731 shares. Victory Mgmt holds 4,019 shares or 0% of its portfolio. Hsbc Pcl reported 131,753 shares or 0.01% of all its holdings. Nomura Asset Management Ltd last reported 0.01% of its portfolio in the stock. Diam Com Limited owns 28,325 shares or 0.01% of their US portfolio. Nj State Employees Deferred Compensation Plan has invested 0.07% of its portfolio in NRG Energy Inc (NYSE:NRG).
Insider Transactions: Since May 20, 2016, the stock had 0 buys, and 2 insider sales for $85,391 net activity. 3,182 NRG Energy Inc (NYSE:NRG) shares with value of $54,861 were sold by WEIDEMEYER THOMAS H. $30,530 worth of NRG Energy Inc (NYSE:NRG) was sold by Callen David on Friday, May 20.
More important recent NRG Energy Inc (NYSE:NRG) news were published by: Nasdaq.com which released: “NRG Energy, Inc. (NRG) Ex-Dividend Date Scheduled for October 28, 2016” on October 27, 2016, also Benzinga.com published article titled: “Mid-Afternoon Market Update: Lumber Liquidators Drops After Wider Loss; INC …”, Businesswire.com published: “NRG Energy, Inc. Announces Early Results for its Cash Tender Offer” on October 19, 2016. More interesting news about NRG Energy Inc (NYSE:NRG) was released by: Businesswire.com and their article: “NRG Energy, Inc. Announces Cash Tender Offer for its Outstanding 7.625% Senior …” with publication date: 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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