Scotiabank Cuts NRG Energy (NYSE:NRG) Price Target to $211.00

NRG Energy (NYSE:NRG) had its price objective cut by Scotiabank from $226.00 to $211.00 in a report released on Wednesday, MarketBeat reports. They currently have a sector outperform rating on the utilities provider’s stock.

Other equities analysts have also recently issued research reports about the stock. Evercore reissued an “outperform” rating and issued a $195.00 price target on shares of NRG Energy in a research note on Wednesday. Barclays raised their price objective on NRG Energy from $200.00 to $204.00 and gave the company an “overweight” rating in a report on Tuesday, July 28th. UBS Group cut their target price on NRG Energy from $221.00 to $216.00 and set a “buy” rating for the company in a research note on Tuesday, July 28th. Morgan Stanley set a $165.00 price target on shares of NRG Energy in a research report on Wednesday, June 24th. Finally, Wells Fargo & Company lifted their price target on shares of NRG Energy from $203.00 to $209.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $199.43.

NRG Energy Stock Down 0.6%

NRG opened at $118.30 on Wednesday. The stock has a fifty day moving average of $134.15 and a 200-day moving average of $147.06. The company has a market capitalization of $24.96 billion, a P/E ratio of 31.30 and a beta of 1.22. The company has a debt-to-equity ratio of 5.17, a quick ratio of 0.78 and a current ratio of 0.97. NRG Energy has a fifty-two week low of $112.50 and a fifty-two week high of $189.96.

NRG Energy (NYSE:NRG) last released its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.69 by ($0.20). NRG Energy had a return on equity of 52.95% and a net margin of 2.56%.The firm had revenue of $7.48 billion for the quarter, compared to the consensus estimate of $7.31 billion. During the same quarter last year, the firm posted $1.73 earnings per share. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. On average, equities analysts expect that NRG Energy will post 8.58 EPS for the current year.

NRG Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 3rd will be given a dividend of $0.475 per share. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $1.90 dividend on an annualized basis and a yield of 1.6%. NRG Energy’s dividend payout ratio is presently 50.26%.

Insider Buying and Selling at NRG Energy

In other news, VP Virginia Kinney sold 20,000 shares of NRG Energy 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 sale, the vice president directly owned 45,111 shares in the company, valued at approximately $5,752,554.72. This trade represents a 30.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.43% of the company’s stock.

Institutional Trading of NRG Energy

Large investors have recently bought and sold shares of the company. McIlrath & Eck LLC increased its holdings in shares of NRG Energy by 3.0% in the 4th quarter. McIlrath & Eck LLC now owns 2,361 shares of the utilities provider’s stock valued at $376,000 after acquiring an additional 68 shares during the period. Sound Income Strategies LLC boosted its stake in shares of NRG Energy by 17.9% in the first quarter. Sound Income Strategies LLC now owns 455 shares of the utilities provider’s stock worth $68,000 after buying an additional 69 shares during the last quarter. Childress Capital Advisors LLC grew its holdings in NRG Energy by 4.0% during the fourth quarter. Childress Capital Advisors LLC now owns 1,892 shares of the utilities provider’s stock worth $301,000 after acquiring an additional 72 shares during the period. Hilton Head Capital Partners LLC raised its position in NRG Energy by 50.0% during the first quarter. Hilton Head Capital Partners LLC now owns 219 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 73 shares in the last quarter. Finally, WT Wealth Management lifted its holdings in NRG Energy by 5.4% in the fourth quarter. WT Wealth Management now owns 1,435 shares of the utilities provider’s stock valued at $229,000 after acquiring an additional 74 shares during the period. 97.72% of the stock is owned by institutional investors.

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.