NRG Energy (NYSE:NRG) Trading Down 4.7%

NRG Energy, Inc. (NYSE:NRG)’s stock price dropped 4.7% on Monday . The company traded as low as $75.85 and last traded at $76.21. Approximately 783,901 shares were traded during trading, a decline of 78% from the average daily volume of 3,595,032 shares. The stock had previously closed at $79.93.

Wall Street Analysts Forecast Growth

NRG has been the subject of a number of research reports. Evercore ISI increased their target price on shares of NRG Energy from $55.00 to $65.00 and gave the stock an “in-line” rating in a research report on Monday, March 18th. Morgan Stanley increased their target price on shares of NRG Energy from $70.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 28th. Wells Fargo & Company increased their target price on shares of NRG Energy from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 15th. Finally, BMO Capital Markets increased their target price on shares of NRG Energy from $73.00 to $82.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 8th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $68.00.

NRG Energy Price Performance

The business’s 50 day moving average is $80.37 and its two-hundred day moving average is $67.49. The firm has a market capitalization of $15.84 billion, a PE ratio of 10.97 and a beta of 1.08. The company has a debt-to-equity ratio of 3.61, a current ratio of 1.01 and a quick ratio of 0.95.

NRG Energy (NYSE:NRG) last announced its earnings results on Tuesday, May 7th. The utilities provider reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.12). The company had revenue of $7.43 billion during the quarter. NRG Energy had a net margin of 5.76% and a return on equity of 42.60%. As a group, research analysts anticipate that NRG Energy, Inc. will post 4.5 EPS for the current year.

NRG Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st were paid a $0.4075 dividend. This represents a $1.63 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date was Tuesday, April 30th. NRG Energy’s dividend payout ratio is currently 23.09%.

Insider Activity at NRG Energy

In other NRG Energy news, insider Rasesh M. Patel sold 24,546 shares of NRG Energy stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $83.41, for a total transaction of $2,047,381.86. Following the transaction, the insider now directly owns 266,064 shares of the company’s stock, valued at $22,192,398.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.86% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. LifeSteps Financial Inc. bought a new position in shares of NRG Energy in the first quarter worth approximately $31,000. Mather Group LLC. bought a new position in shares of NRG Energy in the first quarter worth approximately $33,000. Crewe Advisors LLC bought a new position in shares of NRG Energy in the first quarter worth approximately $36,000. CENTRAL TRUST Co grew its holdings in shares of NRG Energy by 1,005.5% in the fourth quarter. CENTRAL TRUST Co now owns 807 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 734 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of NRG Energy by 35.4% in the fourth quarter. Blue Trust Inc. now owns 865 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 226 shares during the last quarter. 97.72% of the stock is owned by hedge funds and other institutional investors.

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.