NRG Energy, Inc. (NYSE:NRG) Receives $140.75 Consensus Target Price from Analysts

Shares of NRG Energy, Inc. (NYSE:NRG) have been assigned an average recommendation of “Moderate Buy” from the eight brokerages that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $140.75.

A number of equities analysts have commented on NRG shares. Wall Street Zen cut NRG Energy from a “buy” rating to a “hold” rating in a report on Thursday, May 22nd. Guggenheim increased their target price on NRG Energy from $138.00 to $173.00 and gave the company a “buy” rating in a report on Tuesday, May 13th. BMO Capital Markets reissued a “market perform” rating and set a $167.00 target price (up previously from $115.00) on shares of NRG Energy in a report on Wednesday, May 14th. Morgan Stanley increased their target price on NRG Energy from $86.00 to $99.00 and gave the company an “equal weight” rating in a report on Wednesday, February 19th. Finally, Jefferies Financial Group increased their target price on NRG Energy from $113.00 to $132.00 and gave the company a “buy” rating in a report on Monday, May 5th.

Insiders Place Their Bets

In other NRG Energy news, Director Kevin Howell sold 50,000 shares of the firm’s stock in a transaction on Friday, May 30th. The stock was sold at an average price of $154.50, for a total transaction of $7,725,000.00. Following the completion of the sale, the director now owns 55,427 shares of the company’s stock, valued at $8,563,471.50. This trade represents a 47.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.86% of the stock is owned by insiders.

Institutional Investors Weigh In On NRG Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Invst LLC acquired a new stake in shares of NRG Energy in the first quarter valued at $685,000. Reliant Investment Partners LLC acquired a new stake in shares of NRG Energy in the first quarter valued at $209,000. Geneos Wealth Management Inc. grew its stake in shares of NRG Energy by 136.7% in the first quarter. Geneos Wealth Management Inc. now owns 2,336 shares of the utilities provider’s stock valued at $223,000 after buying an additional 1,349 shares in the last quarter. Belpointe Asset Management LLC grew its stake in shares of NRG Energy by 21.0% in the first quarter. Belpointe Asset Management LLC now owns 6,312 shares of the utilities provider’s stock valued at $603,000 after buying an additional 1,094 shares in the last quarter. Finally, Integrity Alliance LLC. acquired a new stake in shares of NRG Energy in the first quarter valued at $344,000. Institutional investors and hedge funds own 97.72% of the company’s stock.

NRG Energy Stock Performance

Shares of NRG stock opened at $148.46 on Friday. The company has a market capitalization of $29.02 billion, a P/E ratio of 37.30, a P/E/G ratio of 1.01 and a beta of 1.13. The business’s 50 day moving average is $126.14 and its two-hundred day moving average is $108.59. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. NRG Energy has a 12-month low of $65.11 and a 12-month high of $162.33.

NRG Energy (NYSE:NRG) last announced its earnings results on Monday, May 12th. The utilities provider reported $2.62 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $1.90. NRG Energy had a return on equity of 48.96% and a net margin of 3.43%. The business had revenue of $8.59 billion during the quarter, compared to analysts’ expectations of $8.28 billion. During the same quarter in the prior year, the firm earned $2.31 earnings per share. The business’s revenue was up 15.6% compared to the same quarter last year. Analysts expect that NRG Energy will post 6.36 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were issued a $0.44 dividend. The ex-dividend date was Thursday, May 1st. This represents a $1.76 annualized dividend and a dividend yield of 1.19%. NRG Energy’s dividend payout ratio is presently 28.39%.

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.