NRG Energy (NYSE:NRG) Price Target Raised to $226.00

NRG Energy (NYSE:NRG) had its price target hoisted by Scotiabank from $223.00 to $226.00 in a research report sent to investors on Wednesday morning, Marketbeat reports. The firm currently has a sector outperform rating on the utilities provider’s stock.

A number of other analysts have also issued reports on NRG. BNP Paribas Exane assumed coverage on shares of NRG Energy in a research report on Wednesday, March 18th. They issued an “outperform” rating and a $232.00 price target for the company. Raymond James Financial set a $210.00 price objective on shares of NRG Energy in a research report on Monday, April 27th. Williams Trading set a $184.00 price objective on shares of NRG Energy in a research note on Monday, July 6th. Weiss Ratings downgraded shares of NRG Energy from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 11th. Finally, Wolfe Research raised shares of NRG Energy from a “peer perform” rating to an “outperform” rating and set a $190.00 target price for the company in a research note on Wednesday, March 18th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, NRG Energy has a consensus rating of “Moderate Buy” and an average target price of $199.93.

NRG Energy Stock Performance

Shares of NRG stock opened at $129.12 on Wednesday. The company has a market capitalization of $27.24 billion, a price-to-earnings ratio of 151.91 and a beta of 1.21. NRG Energy has a 1-year low of $120.11 and a 1-year high of $189.96. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 4.68. The stock’s fifty day simple moving average is $135.32 and its 200-day simple moving average is $149.66.

NRG Energy (NYSE:NRG) last announced its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.78 by ($0.30). NRG Energy had a return on equity of 70.67% and a net margin of 0.74%.The business had revenue of $10.26 billion during the quarter, compared to analysts’ expectations of $8.43 billion. During the same period in the prior year, the company posted $2.68 earnings per share. The firm’s revenue was up 19.5% on a year-over-year basis. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. On average, sell-side analysts predict that NRG Energy will post 8.89 earnings per share for the current fiscal year.

NRG Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were paid a $0.475 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a $1.90 annualized dividend and a dividend yield of 1.5%. NRG Energy’s payout ratio is presently 223.53%.

Insider Buying and Selling

In related news, VP Virginia Kinney sold 20,000 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $127.52, for a total value of $2,550,400.00. Following the transaction, the vice president owned 45,111 shares in the company, valued at approximately $5,752,554.72. This represents a 30.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.43% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of NRG. Brighton Jones LLC boosted its holdings in NRG Energy by 41.8% in the fourth quarter. Brighton Jones LLC now owns 5,187 shares of the utilities provider’s stock worth $468,000 after purchasing an additional 1,528 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in NRG Energy during the first quarter valued at about $323,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in NRG Energy by 7.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,257 shares of the utilities provider’s stock valued at $1,934,000 after buying an additional 1,381 shares in the last quarter. Woodline Partners LP lifted its position in shares of NRG Energy by 40.7% in the first quarter. Woodline Partners LP now owns 17,114 shares of the utilities provider’s stock worth $1,634,000 after buying an additional 4,949 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of NRG Energy during the 2nd quarter worth about $7,937,000. Institutional investors and hedge funds own 97.72% of the company’s stock.

About NRG Energy

NRG Energy (NYSE: NRG) is a U.S.-based integrated power company headquartered in Houston, Texas. The company develops, owns and operates a diversified portfolio of power generation assets and participates in wholesale and retail energy markets. NRG supplies electricity to utilities, commercial and industrial customers, and retail consumers, while also providing energy-related products and services designed to manage consumption and support reliability.

NRG’s generation mix includes conventional thermal plants as well as renewable and distributed energy resources.