NRG Energy, Inc. (NYSE:NRG) Receives $83.25 Consensus Target Price from Analysts

Shares of NRG Energy, Inc. (NYSE:NRG) have been assigned a consensus recommendation of “Hold” from the eight analysts that are currently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $89.75.

NRG has been the topic of several recent research reports. Wells Fargo & Company raised their price target on shares of NRG Energy from $120.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday. Citigroup raised their price target on shares of NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday. BMO Capital Markets raised their price target on shares of NRG Energy from $90.00 to $94.00 and gave the company a “market perform” rating in a research report on Tuesday. Jefferies Financial Group started coverage on shares of NRG Energy in a research report on Friday, September 13th. They issued a “hold” rating and a $82.00 price target on the stock. Finally, StockNews.com cut shares of NRG Energy from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd.

Insider Transactions at NRG Energy

In other news, insider Rasesh M. Patel sold 102,603 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $80.35, for a total transaction of $8,244,151.05. Following the completion of the sale, the insider now owns 163,680 shares in the company, valued at $13,151,688. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.86% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Covestor Ltd grew its stake in NRG Energy by 74.7% in the 3rd quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock valued at $30,000 after buying an additional 139 shares in the last quarter. Atria Investments Inc lifted its holdings in shares of NRG Energy by 62.9% during the 3rd quarter. Atria Investments Inc now owns 15,072 shares of the utilities provider’s stock worth $1,373,000 after acquiring an additional 5,819 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of NRG Energy by 109.2% during the 3rd quarter. Assetmark Inc. now owns 746,994 shares of the utilities provider’s stock worth $68,051,000 after acquiring an additional 389,997 shares during the last quarter. Galvin Gaustad & Stein LLC bought a new stake in shares of NRG Energy during the 3rd quarter worth $203,000. Finally, Hollencrest Capital Management lifted its stake in NRG Energy by 30,428.6% in the third quarter. Hollencrest Capital Management now owns 10,685 shares of the utilities provider’s stock worth $973,000 after purchasing an additional 10,650 shares during the last quarter. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

NRG Energy Stock Performance

NYSE NRG opened at $86.72 on Friday. The company has a market capitalization of $17.90 billion, a price-to-earnings ratio of 9.45 and a beta of 1.10. NRG Energy has a twelve month low of $41.73 and a twelve month high of $96.40. The stock has a fifty day simple moving average of $86.24 and a 200 day simple moving average of $80.95. The company has a quick ratio of 1.11, a current ratio of 1.18 and a debt-to-equity ratio of 3.51.

NRG Energy (NYSE:NRG) last issued its quarterly earnings results on Thursday, August 8th. The utilities provider reported $3.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $1.82. NRG Energy had a return on equity of 43.69% and a net margin of 7.19%. The firm had revenue of $6.66 billion during the quarter, compared to the consensus estimate of $8.32 billion. During the same period last year, the business posted $1.10 EPS. The business’s revenue was up 4.9% compared to the same quarter last year. Sell-side analysts expect that NRG Energy will post 6.09 EPS for the current year.

NRG Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be paid a dividend of $0.4075 per share. The ex-dividend date is Friday, November 1st. This represents a $1.63 annualized dividend and a dividend yield of 1.88%. NRG Energy’s payout ratio is currently 17.76%.

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.