NRG Energy, Inc. (NYSE:NRG) Receives $83.25 Consensus PT from Analysts

Shares of NRG Energy, Inc. (NYSE:NRG) have been given a consensus rating of “Hold” by the eight research firms that are presently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $83.25.

A number of equities analysts have weighed in on the stock. StockNews.com lowered shares of NRG Energy from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Guggenheim increased their price target on NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Wells Fargo & Company boosted their price objective on NRG Energy from $110.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, September 5th. Jefferies Financial Group started coverage on NRG Energy in a research note on Friday, September 13th. They set a “hold” rating and a $82.00 target price on the stock. Finally, BMO Capital Markets increased their price objective on shares of NRG Energy from $88.00 to $90.00 and gave the company a “market perform” rating in a report on Monday, September 30th.

Insider Activity at NRG Energy

In other NRG Energy news, insider Rasesh M. Patel sold 102,603 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $80.35, for a total transaction of $8,244,151.05. Following the completion of the transaction, the insider now owns 163,680 shares of the company’s stock, valued at $13,151,688. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.61% of the stock is owned by company insiders.

Institutional Trading of NRG Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in NRG. Rothschild Investment LLC acquired a new position in shares of NRG Energy in the second quarter worth $32,000. First Horizon Advisors Inc. increased its holdings in NRG Energy by 76.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 442 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 191 shares during the period. Crewe Advisors LLC acquired a new stake in NRG Energy in the 1st quarter valued at about $36,000. Innealta Capital LLC purchased a new position in shares of NRG Energy in the 2nd quarter valued at about $36,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of NRG Energy during the third quarter worth about $36,000. Institutional investors and hedge funds own 97.72% of the company’s stock.

NRG Energy Stock Up 1.4 %

NRG Energy stock opened at $88.73 on Friday. NRG Energy has a 12 month low of $41.49 and a 12 month high of $96.40. The stock has a fifty day simple moving average of $85.76 and a two-hundred day simple moving average of $80.64. The company has a current ratio of 1.18, a quick ratio of 1.11 and a debt-to-equity ratio of 3.51. The firm has a market cap of $18.31 billion, a price-to-earnings ratio of 9.67 and a beta of 1.10.

NRG Energy (NYSE:NRG) last released its quarterly earnings results on Thursday, August 8th. The utilities provider reported $3.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $1.82. The firm had revenue of $6.66 billion for the quarter, compared to the consensus estimate of $8.32 billion. NRG Energy had a return on equity of 43.69% and a net margin of 7.19%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period last year, the business posted $1.10 EPS. Equities analysts predict that NRG Energy will post 6.09 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be issued a $0.4075 dividend. This represents a $1.63 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Friday, November 1st. NRG Energy’s payout ratio is presently 17.76%.

About NRG Energy

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.