NRG Energy (NYSE:NRG) Given New $226.00 Price Target at Scotiabank

NRG Energy (NYSE:NRG) had its target price raised by Scotiabank from $223.00 to $226.00 in a report issued on Wednesday morning, MarketBeat reports. The brokerage currently has a sector outperform rating on the utilities provider’s stock.

Several other analysts have also weighed in on NRG. Barclays decreased their price objective on NRG Energy from $203.00 to $200.00 and set an “overweight” rating on the stock in a report on Tuesday, March 31st. Raymond James Financial set a $210.00 price target on shares of NRG Energy in a research note on Monday, April 27th. Weiss Ratings lowered shares of NRG Energy from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 11th. Siebert Williams Shank started coverage on shares of NRG Energy in a research note on Monday, July 6th. They issued a “buy” rating and a $184.00 price objective for the company. Finally, BNP Paribas Exane began coverage on shares of NRG Energy in a report on Wednesday, March 18th. They set an “outperform” rating and a $232.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, NRG Energy presently has an average rating of “Moderate Buy” and an average target price of $198.73.

NRG Energy Stock Down 0.4%

Shares of NRG opened at $137.81 on Wednesday. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.78 and a current ratio of 0.84. The company has a 50-day simple moving average of $135.67 and a 200-day simple moving average of $150.00. NRG Energy has a 52 week low of $120.11 and a 52 week high of $189.96. The firm has a market capitalization of $29.08 billion, a P/E ratio of 162.13 and a beta of 1.21.

NRG Energy (NYSE:NRG) last released its earnings results on Wednesday, May 6th. The utilities provider reported $1.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.30). The firm had revenue of $10.26 billion for the quarter, compared to analyst estimates of $8.43 billion. NRG Energy had a return on equity of 70.67% and a net margin of 0.74%.The firm’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period last year, the business earned $2.68 earnings per share. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. On average, equities research analysts expect that NRG Energy will post 8.89 earnings per share for the current year.

NRG Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were paid a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 1.4%. The ex-dividend date was Friday, May 1st. NRG Energy’s dividend payout ratio is currently 223.53%.

Insider Activity

In other news, VP Virginia Kinney sold 20,000 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $127.52, for a total value of $2,550,400.00. Following the sale, the vice president owned 45,111 shares in the company, valued at approximately $5,752,554.72. The trade was a 30.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.43% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. lifted its position in shares of NRG Energy by 178.1% during the fourth quarter. Victory Capital Management Inc. now owns 7,676,513 shares of the utilities provider’s stock worth $1,222,409,000 after purchasing an additional 4,916,653 shares in the last quarter. Capital World Investors acquired a new stake in shares of NRG Energy in the fourth quarter valued at approximately $305,817,000. Boston Partners raised its position in NRG Energy by 124.1% in the 4th quarter. Boston Partners now owns 1,808,814 shares of the utilities provider’s stock worth $287,469,000 after purchasing an additional 1,001,672 shares during the last quarter. Worldquant Millennium Advisors LLC raised its position in NRG Energy by 492.5% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 883,781 shares of the utilities provider’s stock worth $141,918,000 after purchasing an additional 734,624 shares during the last quarter. Finally, Merewether Investment Management LP acquired a new position in NRG Energy during the 3rd quarter worth $85,951,000. Institutional investors own 97.72% of the company’s stock.

NRG Energy Company Profile

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.