Q2 2018 Earnings Forecast for NRG Energy, Inc. (NRG) Issued By SunTrust Banks

NRG Energy, Inc. (NYSE:NRG) – Investment analysts at SunTrust Banks boosted their Q2 2018 EPS estimates for NRG Energy in a report issued on Thursday. SunTrust Banks analyst A. Agha now anticipates that the utilities provider will earn $1.11 per share for the quarter, up from their previous estimate of $0.95.

NRG Energy (NYSE:NRG) last released its earnings results on Tuesday, May 2nd. The utilities provider reported ($0.52) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.41) by $0.11. The firm had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $3.29 billion. NRG Energy had a positive return on equity of 7.01% and a negative net margin of 7.81%.

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Earnings History and Estimates for NRG Energy (NYSE:NRG)

NRG has been the topic of several other research reports. Citigroup Inc. raised NRG Energy from a “neutral” rating to a “buy” rating and set a $20.00 price objective on the stock in a report on Friday, February 24th. Goldman Sachs Group, Inc. (The) raised NRG Energy from a “neutral” rating to a “buy” rating and raised their price objective for the company from $13.00 to $26.00 in a report on Wednesday, March 29th. Barclays PLC reissued an “overweight” rating and set a $20.00 price objective (up previously from $19.00) on shares of NRG Energy in a report on Sunday, April 23rd. Zacks Investment Research downgraded NRG Energy from a “buy” rating to a “hold” rating in a report on Tuesday, April 25th. Finally, Williams Capital initiated coverage on NRG Energy in a report on Thursday, June 1st. They set a “buy” rating and a $20.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. NRG Energy presently has an average rating of “Buy” and a consensus target price of $20.43.

Shares of NRG Energy (NRG) opened at 16.91 on Friday. The stock’s 50 day moving average price is $15.97 and its 200-day moving average price is $15.89. NRG Energy has a 52-week low of $9.84 and a 52-week high of $19.07. The company’s market cap is $5.34 billion.

A number of hedge funds and other institutional investors have recently made changes to their positions in NRG. Marianas Fund Management LLC bought a new position in shares of NRG Energy during the first quarter valued at about $8,523,000. Bank of Nova Scotia bought a new position in shares of NRG Energy during the first quarter valued at about $1,684,000. Elliott Management Corp raised its position in shares of NRG Energy by 313.1% in the first quarter. Elliott Management Corp now owns 18,073,606 shares of the utilities provider’s stock valued at $337,976,000 after buying an additional 13,698,367 shares in the last quarter. Canyon Capital Advisors LLC bought a new position in shares of NRG Energy during the first quarter valued at about $26,773,000. Finally, National Asset Management Inc. bought a new position in shares of NRG Energy during the first quarter valued at about $550,000. 93.83% of the stock is owned by institutional investors and hedge funds.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NRG”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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