Analysis: NRG Energy (NYSE:NRG) Target Increased Today
In a recent report issued by UBS Securities on 18 December, the firm, NRG Energy (NYSE:NRG), had their target PPS downgraded to $14.00. Analusts at present have a solid “Buy” rating on the stock.
From a total of 14 analysts covering NRG Yield (NYSE:NRG) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $35 while the lowest target price is $11. The mean of all analyst targets is $20.29 with a 149.95% above today’s ($10.23) stock price. NRG Yield was the topic of 11 analyst reports since August 10, 2015 according to the firm StockzIntelligence Inc. Citigroup initiated shares on December 1 with “Sell” rating. RBC Capital Markets maintained shares with “Outperform” rating and $22.0 target share price in a report from an August 10. Barclays Capital maintained NRG stock in a recent report from September 21 with “Buy” rating. Finally, Wolfe Research downgraded the stock to “Outperform” rating in a report issued on an August 10.
Approximately 6.89 million shares of stock traded hands. NRG Energy Inc (NYSE:NRG) has declined 63.52% since May 15, 2015 and is downtrending. It has underperformed by 59.72% the S&P500.
The overall sentiment of institutions has increased to 1.1 in Q2 2015. Its up 0.31, from 0.79 in 2015Q2. The ratio improved, as 52 institutions have sold all the shares of NRG Energy Inc that they owned while 114 funds have taken shares off the table. 51 funds have purchased shares for the first time while 131 added to their positions. These institutions now hold 303.92 million shares or 7.52% less than the 328.64 million shares they owned in 2015Q2.
The Fund Teilinger Capital Ltd. currently is holding shares equating to 14.68% of its total portfolio in NRG Energy Inc representing a total of 210,042 shares. Another fund,Bocage Capital Llc, is holding a total of 868,064 shares equating to 7.67% of their holdings. Additionally, Community Bank Of Raymore has a 638,260 share stake in NRG Energy Inc which represents 5.45% of their total portfolio. The Fund, Mcglinn Capital Management Inc, based out of Pennsylvania, has also built up a stake in the stock, which represents a total of 3.76% of their total portfolio. Finally Breithorn Capital Management, a fund which is based in the state of New York reported a total holdings of 309,830 shares.
NRG Energy, Inc. is a power company that produces, sells and delivers energy, and energy services and products in power markets in the United States. The company has a market cap of $3.10 billion. NRG’s business divisions are NRG Business, NRG Home, NRG Renew, NRG Yield and corporate activities. It currently has negative earnings. NRG Business consists of NRG’s wholesale operations, including plant operations, commercial operations, engineering, procurement and construction (EPC), energy services and other related functions.
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.”