NRG Energy (NYSE:NRG) Upgraded by StockNews.com to Buy

StockNews.com upgraded shares of NRG Energy (NYSE:NRG) from a hold rating to a buy rating in a research note released on Friday.

Several other research analysts have also weighed in on NRG. BMO Capital Markets lifted their price objective on shares of NRG Energy from $73.00 to $82.00 and gave the stock a market perform rating in a research note on Wednesday, May 8th. Morgan Stanley lifted their price objective on shares of NRG Energy from $70.00 to $83.00 and gave the stock an equal weight rating in a research note on Tuesday, May 28th. Finally, Wells Fargo & Company lifted their price objective on shares of NRG Energy from $100.00 to $110.00 and gave the stock an overweight rating in a research note on Wednesday, May 15th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of $71.14.

NRG Energy Trading Up 3.0 %

Shares of NYSE:NRG traded up $2.32 during trading on Friday, hitting $80.29. 3,767,165 shares of the company’s stock were exchanged, compared to its average volume of 3,560,634. The firm has a 50-day moving average price of $77.28 and a two-hundred day moving average price of $70.55. NRG Energy has a 1-year low of $35.97 and a 1-year high of $87.58. The firm has a market cap of $16.74 billion, a P/E ratio of 11.37 and a beta of 1.08. The company has a current ratio of 1.01, a quick ratio of 0.95 and a debt-to-equity ratio of 3.61.

NRG Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be paid a $0.4075 dividend. This represents a $1.63 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date is Thursday, August 1st. NRG Energy’s payout ratio is currently 23.09%.

Insider Buying and Selling 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 value of $2,047,381.86. Following the transaction, the insider now owns 266,064 shares of the company’s stock, valued at $22,192,398.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.86% of the company’s stock.

Institutional Trading of NRG Energy

Institutional investors have recently made changes to their positions in the business. Rothschild Investment LLC bought a new stake in shares of NRG Energy in the second quarter worth $32,000. First Horizon Advisors Inc. lifted its position in shares of NRG Energy by 76.1% in the second quarter. First Horizon Advisors Inc. now owns 442 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 191 shares in the last quarter. LifeSteps Financial Inc. acquired a new position in NRG Energy during the first quarter worth $31,000. Innealta Capital LLC acquired a new position in NRG Energy during the second quarter worth $36,000. Finally, Mather Group LLC. acquired a new position in NRG Energy during the first quarter worth $33,000. Institutional investors own 97.72% of the company’s stock.

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.