Analysts Set NRG Energy, Inc. (NYSE:NRG) PT at $134.25

Shares of NRG Energy, Inc. (NYSE:NRG) have been given a consensus rating of “Moderate Buy” by the eight ratings firms that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $140.75.

NRG has been the subject of a number of recent research reports. Morgan Stanley lifted their price objective on shares of NRG Energy from $86.00 to $99.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 19th. Evercore ISI upgraded NRG Energy from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $74.00 to $126.00 in a research report on Tuesday, January 21st. StockNews.com downgraded NRG Energy from a “buy” rating to a “hold” rating in a research report on Saturday, March 8th. Jefferies Financial Group lifted their target price on NRG Energy from $113.00 to $132.00 and gave the stock a “buy” rating in a report on Monday, May 5th. Finally, Wells Fargo & Company increased their price target on NRG Energy from $165.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, May 13th.

NRG Energy Stock Performance

NYSE NRG opened at $159.18 on Wednesday. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. NRG Energy has a 1-year low of $65.11 and a 1-year high of $159.24. The business has a 50 day simple moving average of $105.92 and a two-hundred day simple moving average of $101.14. The stock has a market capitalization of $32.42 billion, a PE ratio of 40.00, a P/E/G ratio of 1.01 and a beta of 1.00.

NRG Energy (NYSE:NRG) last posted its earnings results on Monday, May 12th. The utilities provider reported $2.62 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $1.90. NRG Energy had a return on equity of 48.96% and a net margin of 3.43%. The firm had revenue of $8.59 billion during the quarter, compared to the consensus estimate of $8.28 billion. During the same period in the prior year, the company earned $2.31 EPS. The company’s quarterly revenue was up 15.6% compared to the same quarter last year. On average, research analysts predict that NRG Energy will post 6.36 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date was Thursday, May 1st. NRG Energy’s payout ratio is currently 28.39%.

Institutional Trading of NRG Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of NRG. Horizon Investments LLC increased its stake in NRG Energy by 3.0% in the 1st quarter. Horizon Investments LLC now owns 2,908 shares of the utilities provider’s stock worth $276,000 after buying an additional 86 shares during the period. Mather Group LLC. increased its position in shares of NRG Energy by 12.1% during the first quarter. Mather Group LLC. now owns 900 shares of the utilities provider’s stock worth $86,000 after acquiring an additional 97 shares during the period. Cullen Frost Bankers Inc. raised its stake in shares of NRG Energy by 13.0% during the first quarter. Cullen Frost Bankers Inc. now owns 904 shares of the utilities provider’s stock valued at $86,000 after acquiring an additional 104 shares in the last quarter. Private Trust Co. NA boosted its holdings in shares of NRG Energy by 8.7% in the first quarter. Private Trust Co. NA now owns 1,482 shares of the utilities provider’s stock valued at $141,000 after purchasing an additional 119 shares during the period. Finally, Schechter Investment Advisors LLC grew its stake in NRG Energy by 0.8% in the fourth quarter. Schechter Investment Advisors LLC now owns 15,916 shares of the utilities provider’s stock worth $1,436,000 after purchasing an additional 120 shares in the last quarter. Hedge funds and other 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.