NRG Energy, Inc. (NYSE:NRG) Given Average Recommendation of “Hold” by Analysts

Shares of NRG Energy, Inc. (NYSE:NRG) have received a consensus rating of “Hold” from the seven brokerages that are currently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $98.29.

A number of research analysts have recently weighed in on NRG shares. Wells Fargo & Company increased their target price on shares of NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. StockNews.com lowered NRG Energy from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. 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 report on Thursday, October 31st. BMO Capital Markets raised their price objective on NRG Energy from $94.00 to $100.00 and gave the company a “market perform” rating in a report on Tuesday. Finally, Jefferies Financial Group started coverage on NRG Energy in a research note on Friday, September 13th. They set a “hold” rating and a $82.00 price objective on the stock.

NRG Energy Stock Up 1.7 %

Shares of NYSE:NRG opened at $94.86 on Wednesday. The business’s 50 day moving average is $89.14 and its 200 day moving average is $82.76. The stock has a market cap of $19.22 billion, a price-to-earnings ratio of 23.83, a PEG ratio of 1.34 and a beta of 1.10. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57. NRG Energy has a 12-month low of $44.90 and a 12-month high of $102.84.

NRG Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a dividend of $0.4075 per share. The ex-dividend date was Friday, November 1st. This represents a $1.63 dividend on an annualized basis and a dividend yield of 1.72%. NRG Energy’s dividend payout ratio (DPR) is presently 40.95%.

Insider Buying and Selling

In other news, insider Rasesh M. Patel sold 102,603 shares of NRG Energy stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $80.35, for a total value of $8,244,151.05. Following the completion of the transaction, the insider now owns 163,680 shares in the company, valued at approximately $13,151,688. The trade was a 38.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.86% of the stock is currently owned by insiders.

Institutional Trading of NRG Energy

Hedge funds and other institutional investors have recently bought and sold shares of the business. Banco Santander S.A. bought a new position in NRG Energy in the second quarter worth approximately $217,671,000. Los Angeles Capital Management LLC increased its holdings in NRG Energy by 32,962.3% in the third quarter. Los Angeles Capital Management LLC now owns 1,052,705 shares of the utilities provider’s stock valued at $95,901,000 after buying an additional 1,049,521 shares in the last quarter. Zimmer Partners LP acquired a new stake in NRG Energy in the 1st quarter valued at $64,306,000. Fred Alger Management LLC purchased a new stake in NRG Energy during the 2nd quarter worth approximately $53,773,000. Finally, Assenagon Asset Management S.A. grew its holdings in shares of NRG Energy by 65.8% during the second quarter. Assenagon Asset Management S.A. now owns 1,596,684 shares of the utilities provider’s stock worth $124,318,000 after buying an additional 633,765 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.