NRG Energy (NYSE:NRG) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

NRG Energy (NYSE:NRG) had its price target raised by BMO Capital Markets from $94.00 to $100.00 in a research report sent to investors on Tuesday,Benzinga reports. BMO Capital Markets currently has a market perform rating on the utilities provider’s stock.

Other equities research analysts have also recently issued research reports about the stock. Wells Fargo & Company raised their target price on shares of NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Jefferies Financial Group initiated 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. Citigroup increased their price target on shares of NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Guggenheim increased their price target on shares of NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Finally, StockNews.com downgraded shares of NRG Energy from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $98.29.

NRG Energy Trading Down 1.5 %

Shares of NRG stock opened at $95.48 on Tuesday. NRG Energy has a 12-month low of $45.29 and a 12-month high of $102.84. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. The firm’s 50 day moving average is $90.06 and its 200 day moving average is $83.06. The stock has a market capitalization of $19.34 billion, a P/E ratio of 23.99, a P/E/G ratio of 1.38 and a beta of 1.10.

NRG Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were given a dividend of $0.4075 per share. The ex-dividend date was Friday, November 1st. This represents a $1.63 annualized dividend and a dividend yield of 1.71%. NRG Energy’s payout ratio is 40.95%.

Insider Activity

In other news, insider Rasesh M. Patel sold 102,603 shares of the firm’s stock in a transaction 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 sale, the insider now directly owns 163,680 shares in the company, valued at $13,151,688. This trade represents a 38.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.86% of the company’s stock.

Institutional Trading of NRG Energy

Several institutional investors and hedge funds have recently modified their holdings of NRG. O Shaughnessy Asset Management LLC grew its stake in NRG Energy by 35.9% during the first quarter. O Shaughnessy Asset Management LLC now owns 8,723 shares of the utilities provider’s stock valued at $590,000 after acquiring an additional 2,304 shares in the last quarter. UniSuper Management Pty Ltd grew its stake in NRG Energy by 492.6% during the first quarter. UniSuper Management Pty Ltd now owns 17,719 shares of the utilities provider’s stock valued at $1,199,000 after acquiring an additional 14,729 shares in the last quarter. Bessemer Group Inc. grew its stake in NRG Energy by 1.3% during the first quarter. Bessemer Group Inc. now owns 25,818 shares of the utilities provider’s stock valued at $1,747,000 after acquiring an additional 320 shares in the last quarter. Crewe Advisors LLC purchased a new position in NRG Energy during the first quarter valued at $36,000. Finally, Quadrature Capital Ltd grew its stake in NRG Energy by 148.6% during the first quarter. Quadrature Capital Ltd now owns 21,814 shares of the utilities provider’s stock valued at $1,477,000 after acquiring an additional 13,040 shares in the last quarter. 97.72% of the stock is currently owned by institutional investors.

About NRG Energy

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.