Brokerages Set NRG Energy, Inc. (NYSE:NRG) Price Target at $198.43

Shares of NRG Energy, Inc. (NYSE:NRG) have earned an average recommendation of “Moderate Buy” from the fifteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $198.4286.

Several brokerages have recently weighed in on NRG. UBS Group reduced their price objective on shares of NRG Energy from $221.00 to $216.00 and set a “buy” rating for the company in a research report on Tuesday, July 28th. Evercore reiterated an “outperform” rating and set a $195.00 price target on shares of NRG Energy in a research note on Wednesday, August 5th. Weiss Ratings raised shares of NRG Energy from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Monday, August 17th. Williams Trading set a $184.00 price objective on shares of NRG Energy in a research note on Monday, July 6th. Finally, BNP Paribas Exane set a $221.00 price objective on NRG Energy in a report on Wednesday, August 19th.

Insider Buying and Selling

In other NRG Energy 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 transaction of $2,550,400.00. Following the transaction, the vice president owned 45,111 shares of the company’s stock, valued at $5,752,554.72. The trade was a 30.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On NRG Energy

A number of hedge funds have recently modified their holdings of NRG. California State Teachers Retirement System boosted its stake in NRG Energy by 14,662.9% during the 2nd quarter. California State Teachers Retirement System now owns 34,582,918 shares of the utilities provider’s stock worth $5,051,181,000 after purchasing an additional 34,348,662 shares during the period. Victory Capital Management Inc. grew its position in NRG Energy by 178.1% during the 4th quarter. Victory Capital Management Inc. now owns 7,676,513 shares of the utilities provider’s stock worth $1,222,409,000 after purchasing an additional 4,916,653 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in NRG Energy in the second quarter valued at $473,391,000. Capital World Investors purchased a new stake in shares of NRG Energy in the fourth quarter valued at about $305,817,000. Finally, Boston Partners raised its holdings in shares of NRG Energy by 124.1% in the fourth quarter. Boston Partners now owns 1,808,814 shares of the utilities provider’s stock valued at $287,469,000 after buying an additional 1,001,672 shares during the last quarter. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

NRG Energy Trading Up 5.9%

NRG opened at $118.47 on Tuesday. NRG Energy has a one year low of $108.34 and a one year high of $189.96. The company has a market cap of $25.00 billion, a P/E ratio of 31.34 and a beta of 1.18. The company has a debt-to-equity ratio of 5.17, a quick ratio of 0.89 and a current ratio of 0.97. The business’s 50-day simple moving average is $127.20 and its 200-day simple moving average is $141.82.

NRG Energy (NYSE:NRG) last posted its 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). The business had revenue of $7.48 billion for the quarter, compared to analysts’ expectations of $7.31 billion. NRG Energy had a return on equity of 52.95% and a net margin of 2.56%.NRG Energy’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.73 EPS. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. As a group, equities research analysts expect that NRG Energy will post 8.6 EPS for the current fiscal year.

NRG Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 3rd were paid a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Monday, August 3rd. NRG Energy’s dividend payout ratio (DPR) is currently 50.26%.

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.