NRG Energy, Inc. (NYSE:NRG) Receives Average Rating of “Hold” from Brokerages

Shares of NRG Energy, Inc. (NYSE:NRG) have earned a consensus recommendation of “Hold” from the seven brokerages that are presently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $59.50.

A number of equities analysts have recently commented on the company. Morgan Stanley raised their price target on NRG Energy from $51.00 to $63.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 26th. Evercore ISI upped their price target on NRG Energy from $55.00 to $65.00 and gave the company an “in-line” rating in a research report on Monday, March 18th. Wells Fargo & Company raised their price objective on shares of NRG Energy from $78.00 to $85.00 and gave the company an “overweight” rating in a research report on Monday, March 25th. Citigroup raised their price target on shares of NRG Energy from $52.00 to $62.00 and gave the company a “buy” rating in a report on Friday, March 1st. Finally, BMO Capital Markets upped their price target on shares of NRG Energy from $58.00 to $59.00 and gave the stock a “market perform” rating in a report on Thursday, February 29th.

Insider Transactions at NRG Energy

In related news, VP Rasesh M. Patel sold 49,092 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $62.59, for a total transaction of $3,072,668.28. Following the transaction, the vice president now owns 356,962 shares in the company, valued at $22,342,251.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.86% of the company’s stock.

Institutional Trading of NRG Energy

Hedge funds have recently modified their holdings of the business. GSA Capital Partners LLP purchased a new stake in shares of NRG Energy in the first quarter worth $1,003,000. Central Pacific Bank Trust Division purchased a new position in shares of NRG Energy in the first quarter worth $45,000. Wright Investors Service Inc. lifted its holdings in shares of NRG Energy by 24.5% during the first quarter. Wright Investors Service Inc. now owns 36,461 shares of the utilities provider’s stock valued at $2,468,000 after purchasing an additional 7,183 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in shares of NRG Energy by 12.9% during the first quarter. Daiwa Securities Group Inc. now owns 22,591 shares of the utilities provider’s stock valued at $1,529,000 after buying an additional 2,581 shares during the last quarter. Finally, Fidelis Capital Partners LLC bought a new stake in NRG Energy in the 1st quarter worth about $140,000. Institutional investors own 97.72% of the company’s stock.

NRG Energy Trading Up 2.0 %

Shares of NRG opened at $76.65 on Friday. NRG Energy has a fifty-two week low of $30.52 and a fifty-two week high of $77.68. The business has a 50-day moving average of $66.93 and a 200 day moving average of $55.10. The firm has a market cap of $16.46 billion, a P/E ratio of -71.63 and a beta of 1.11. The company has a debt-to-equity ratio of 4.49, a quick ratio of 0.96 and a current ratio of 1.02.

NRG Energy (NYSE:NRG) last posted its quarterly earnings results on Wednesday, February 28th. The utilities provider reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.20. NRG Energy had a negative net margin of 0.70% and a positive return on equity of 44.03%. The company had revenue of $6.81 billion for the quarter, compared to analyst estimates of $7.51 billion. As a group, research analysts forecast that NRG Energy will post 5.36 EPS for the current year.

NRG Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be issued a $0.4075 dividend. This represents a $1.63 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend is Tuesday, April 30th. NRG Energy’s dividend payout ratio (DPR) is currently -152.34%.

NRG Energy Company Profile

NRG Energy, Inc, together with its subsidiaries, operates as an energy and home services company in the United States and Canada. It operates through Texas; East; West/Services/Other; Vivint Smart Home; and Corporate Activities segments. The company produces and sells electricity generated using coal, oil, solar, and battery storage; natural gas; and a cloud-based home platform, including hardware, software, sales, installation, customer service, technical support, and professional monitoring solutions.