NRG Energy, Inc. (NYSE:NRG) Given Average Rating of “Moderate Buy” by Brokerages

Shares of NRG Energy, Inc. (NYSE:NRG) have been given an average rating of “Moderate Buy” by the seven analysts that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $102.71.

A number of analysts have recently commented on NRG shares. Guggenheim lifted their price target on shares of NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. StockNews.com lowered shares of NRG Energy from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Jefferies Financial Group upgraded NRG Energy from a “hold” rating to a “buy” rating and raised their price target for the stock from $93.00 to $113.00 in a research note on Tuesday, November 26th. Wells Fargo & Company upped their price objective on NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Finally, Citigroup raised their target price on NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st.

Institutional Trading of NRG Energy

Several institutional investors and hedge funds have recently made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new position in NRG Energy during the 3rd quarter valued at about $26,000. Covestor Ltd increased its holdings in NRG Energy by 74.7% during the third quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock valued at $30,000 after buying an additional 139 shares during the period. Rothschild Investment LLC purchased a new stake in NRG Energy during the second quarter worth $32,000. First Horizon Advisors Inc. boosted its position in NRG Energy by 76.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 442 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 191 shares in the last quarter. Finally, Harbor Capital Advisors Inc. purchased a new position in shares of NRG Energy in the 3rd quarter valued at $35,000. 97.72% of the stock is currently owned by institutional investors.

NRG Energy Stock Down 0.2 %

NRG stock opened at $94.98 on Friday. NRG Energy has a 1-year low of $47.88 and a 1-year high of $103.14. The business has a fifty day moving average price of $92.91 and a 200-day moving average price of $84.74. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. The stock has a market capitalization of $19.24 billion, a P/E ratio of 23.86, a P/E/G ratio of 1.30 and a beta of 1.12.

NRG Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a $0.4075 dividend. This represents a $1.63 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend was Friday, November 1st. NRG Energy’s dividend payout ratio is 40.95%.

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.