NRG Energy, Inc. (NYSE:NRG) Given Average Rating of “Moderate Buy” by Brokerages

Shares of NRG Energy, Inc. (NYSE:NRGGet Free Report) have received a consensus rating of “Moderate Buy” from the fifteen brokerages that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $188.8462.

A number of analysts have weighed in on NRG shares. Citigroup increased their price target on shares of NRG Energy from $133.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, July 17th. Weiss Ratings reissued a “hold (c)” rating on shares of NRG Energy in a report on Wednesday, October 8th. Melius Research started coverage on shares of NRG Energy in a report on Wednesday, August 20th. They issued a “buy” rating and a $308.00 price target for the company. Barclays increased their price target on shares of NRG Energy from $197.00 to $203.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. Finally, Melius started coverage on shares of NRG Energy in a report on Wednesday, August 20th. They issued a “buy” rating and a $308.00 price target for the company.

Check Out Our Latest Stock Analysis on NRG

NRG Energy Price Performance

NYSE NRG opened at $169.22 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.88 and a debt-to-equity ratio of 5.99. The company has a fifty day simple moving average of $158.08 and a 200 day simple moving average of $145.52. The company has a market cap of $32.73 billion, a P/E ratio of 76.57, a P/E/G ratio of 1.35 and a beta of 1.14. NRG Energy has a 1 year low of $79.57 and a 1 year high of $175.96.

NRG Energy (NYSE:NRGGet Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The utilities provider reported $1.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.72 by ($0.04). NRG Energy had a return on equity of 88.22% and a net margin of 1.78%.The firm had revenue of $6.74 billion for the quarter, compared to the consensus estimate of $6.63 billion. During the same period in the prior year, the company posted $3.37 earnings per share. NRG Energy’s quarterly revenue was up 1.2% on a year-over-year basis. On average, sell-side analysts predict that NRG Energy will post 6.36 EPS for the current year.

NRG Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were paid a $0.44 dividend. The ex-dividend date was Friday, August 1st. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.0%. NRG Energy’s dividend payout ratio is currently 79.64%.

Insider Activity

In other news, VP Dak Liyanearachchi sold 10,672 shares of the stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $155.00, for a total value of $1,654,160.00. Following the completion of the transaction, the vice president owned 48,571 shares in the company, valued at approximately $7,528,505. This represents a 18.01% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.86% of the company’s stock.

Hedge Funds Weigh In On NRG Energy

Hedge funds have recently made changes to their positions in the business. Toth Financial Advisory Corp acquired a new position in shares of NRG Energy in the 2nd quarter valued at $27,000. Zions Bancorporation National Association UT acquired a new position in shares of NRG Energy in the 1st quarter valued at $28,000. Bank of Jackson Hole Trust acquired a new stake in shares of NRG Energy during the 2nd quarter worth about $28,000. Key Financial Inc acquired a new stake in shares of NRG Energy during the 1st quarter worth about $30,000. Finally, Fourth Dimension Wealth LLC acquired a new stake in shares of NRG Energy during the 2nd quarter worth about $32,000. Institutional investors and hedge funds own 97.72% of the company’s stock.

About NRG Energy

(Get Free Report)

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.

Featured Stories

Analyst Recommendations for NRG Energy (NYSE:NRG)

Receive News & Ratings for NRG Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NRG Energy and related companies with MarketBeat.com's FREE daily email newsletter.