|Bid||33.89 x 2900|
|Ask||35.00 x 4000|
|Day's Range||33.44 - 33.80|
|52 Week Range||15.53 - 35.17|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 1, 2018 - Aug 6, 2018|
|Forward Dividend & Yield||0.12 (0.34%)|
|1y Target Est||36.50|
NRG Energy, Inc. (NRG) intends to commence an offering of $500 million in aggregate principal amount of its convertible senior notes due 2048 (the “Notes”). NRG also expects to grant the initial purchasers a 30-day option to purchase up to an additional $75 million in aggregate principal amount of the Notes. The Notes will be convertible, under certain circumstances, into cash, shares of NRG’s common stock or a combination thereof at NRG’s election, based on a conversion rate to be determined.
According to its latest 13F filing, Elliott Management, the activist shareholder whose involvement largely doubled NRG Energy (NRG) stock in the last year, has exited NRG. In the first quarter, it sold 10 million shares of NRG, the largest merchant power player.
Zacks.com highlights: General Motors, Boston Scientific, Lam Research, NRG Energy and Celanese
US utility stocks slipped 0.8% on May 15 after ten-year Treasury yields peaked at 3.1%—a seven-year high. Broader markets also corrected 0.7% during the day. A strong increase in US retail sales in April highlighted more economic growth in the country.
The equity markets continued to breathe easy as the U.S.-China trade concerns abated with President Trump pledging support for the beleaguered Chinese telecom firm, ZTE, and the Qualcomm-NXP merger review process getting a roll-on with urgency from the top administration of China. A high ROE ensures that the company is reinvesting its cash at a high rate of return. ROE helps investors distinguish profit-generating companies from profit burners and is useful in determining the financial health of a company.
ROE helps investors distinguish profit-generating companies from profit burners and is useful in determining the financial health of a company.
On May 11, the implied volatility of the Utilities Select Sector SPDR ETF (XLU) was 13%, near its 15-day average. The SPDR S&P 500’s implied volatility was close to 10%, lower than its 15-day average of 12%.
SunTrust Robinson Humphrey cut DUK’s price target from $84.0 to $82.0 last week. Southern Company (SO), the second-largest regulated utility in the country, also received a target price change last week.
Competitive utility AES (AES) stock has a mean target price of $12.94, which implies an estimated upside of more than 10% for the next year. Currently, AES is trading at $11.73.
In this part, we’ll discuss utilities’ total returns. Total returns consider dividend payments and stock appreciation in a particular period. So far, AES (AES) has returned 17% in 2018. AES’s market performance has contributed to its strong total returns during this period.
AES (AES) stock appears to be trading at a premium valuation compared to its historical valuation multiple. On May 7, AES stock was trading at an EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) valuation multiple of 8.7x. AES’s five-year historical EV-to-EBITDA multiple is close to 8x.
The savings are a part of NRG's transformation plan, which will have the company divest its renewables portfolio later this year.
US utility stocks might continue to be dull going forward. Rising inflation suggests the economy is strengthening, which hints that the pace of rate hikes may eventually increase. The ten-year Treasury yields continued to trade at elevated levels and closed at 3.0% last week. Utilities at large fell 0.4%, while broader markets sank by 0.2% last week.
The Zacks Analyst Blog Highlights: Tableau Software, World Wrestling Entertainment and NRG Energy
NRG Energy (NRG) stock closed 6.1% higher on May 3 after it reported better-than-expected 1Q18 results. The rally continued for NRG and it peaked to a fresh 52-week high of $32.79. The merchant power player stock is indeed an outlier that has gained a whopping 116% in the past one year in a relatively dull utilities (XLU) (IDU) sector.
Stocks opened lower on Thursday as a U.S. delegation led by Treasury Secretary Steven Mnuchin arrived in Beijing to meet with Chinese officials about tariffs and trade. Investors around the world will be focused intently on these discussions, with many hoping that both sides can reach a compromise that would avoid a tit-for-tat trade war.Source: Shutterstock
Stocks opened lower on Thursday as a U.S. delegation led by Treasury Secretary Steven Mnuchin arrived in Beijing to meet with Chinese officials about tariffs and trade. Looking for stocks that are breaking higher amid market-wide volatility? Check out these three stocks that just touched 52-week highs this morning!
Shares of NRG Energy Inc. shot up 7% toward a 3 1/2-year high in midday trade Thursday, in the face of a broad market selloff, after the electricity producer and distributor reported first-quarter profit and revenue that were well above expectations. Excluding non-recurring items, the company reported adjusted earnings per share of $1.03, according to FactSet, above the average analyst estimate of 3 cents.
NRG Energy (NRG) surpasses first-quarter earnings and revenue estimates and continues to benefit from its Transformation Plan initiative.
The leading merchant power player in the country, NRG Energy (NRG), reported its first-quarter financial results today. It reported earnings of $0.88 per share, beating consensus estimates by a huge margin. It reported a loss of $0.52 per share in 1Q17. NRG Energy’s earnings in 1Q18 were positively affected by higher power prices and retail volumes.
Yahoo Finance's Jared Blikre joins Seana Smith from the floor of the New York Stocks Exchange to discuss the latest market moves.