NRG Energy, Inc. (NYSE:NRG) Given Consensus Rating of “Hold” by Brokerages

Shares of NRG Energy, Inc. (NYSE:NRGGet Rating) have earned an average recommendation of “Hold” from the seven brokerages that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $40.00.

NRG has been the topic of several analyst reports. Morgan Stanley lowered shares of NRG Energy from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $47.00 to $37.00 in a research report on Friday, December 9th. BMO Capital Markets reduced their price target on shares of NRG Energy from $46.00 to $43.00 in a research report on Thursday, December 8th. StockNews.com began coverage on shares of NRG Energy in a report on Wednesday, October 12th. They issued a “hold” rating for the company. UBS Group downgraded shares of NRG Energy from a “neutral” rating to a “sell” rating in a report on Wednesday, December 7th. Finally, Bank of America upgraded shares of NRG Energy from an “underperform” rating to a “neutral” rating and dropped their target price for the company from $38.00 to $32.00 in a report on Monday, December 19th.

Insiders Place Their Bets

In other NRG Energy news, Director Antonio Carrillo purchased 9,000 shares of the company’s stock in a transaction on Thursday, December 15th. The stock was acquired at an average price of $31.71 per share, for a total transaction of $285,390.00. Following the completion of the purchase, the director now directly owns 27,446 shares in the company, valued at approximately $870,312.66. The purchase was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Mauricio Gutierrez acquired 15,000 shares of the firm’s stock in a transaction dated Thursday, December 15th. The stock was acquired at an average cost of $32.03 per share, with a total value of $480,450.00. Following the transaction, the chief executive officer now owns 1,111,368 shares in the company, valued at $35,597,117.04. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Antonio Carrillo acquired 9,000 shares of the firm’s stock in a transaction dated Thursday, December 15th. The shares were purchased at an average cost of $31.71 per share, with a total value of $285,390.00. Following the completion of the transaction, the director now owns 27,446 shares in the company, valued at approximately $870,312.66. The disclosure for this purchase can be found here. Insiders own 0.76% of the company’s stock.

Institutional Investors Weigh In On NRG Energy

Several institutional investors have recently modified their holdings of NRG. First Horizon Advisors Inc. lifted its position in NRG Energy by 206.8% in the second quarter. First Horizon Advisors Inc. now owns 681 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 459 shares during the last quarter. Cowa LLC purchased a new stake in NRG Energy in the third quarter valued at $27,000. Kistler Tiffany Companies LLC lifted its position in NRG Energy by 92.7% in the third quarter. Kistler Tiffany Companies LLC now owns 867 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 417 shares during the last quarter. Ronald Blue Trust Inc. lifted its position in NRG Energy by 163.0% in the third quarter. Ronald Blue Trust Inc. now owns 1,073 shares of the utilities provider’s stock valued at $40,000 after acquiring an additional 665 shares during the last quarter. Finally, MinichMacGregor Wealth Management LLC purchased a new stake in NRG Energy in the fourth quarter valued at $52,000. 99.98% of the stock is owned by hedge funds and other institutional investors.

NRG Energy Trading Down 2.3 %

NRG opened at $31.88 on Friday. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.32 and a quick ratio of 1.27. The company’s 50 day simple moving average is $36.65 and its two-hundred day simple moving average is $39.14. NRG Energy has a 1-year low of $30.64 and a 1-year high of $47.82. The firm has a market capitalization of $7.34 billion, a price-to-earnings ratio of 4.05, a price-to-earnings-growth ratio of 0.54 and a beta of 0.93.

NRG Energy (NYSE:NRGGet Rating) last released its earnings results on Monday, November 7th. The utilities provider reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.35). The business had revenue of $8.51 billion during the quarter, compared to analysts’ expectations of $5.90 billion. NRG Energy had a negative return on equity of 0.66% and a net margin of 6.15%. Analysts expect that NRG Energy will post 11.12 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 1st were paid a $0.35 dividend. The ex-dividend date was Monday, October 31st. This represents a $1.40 annualized dividend and a dividend yield of 4.39%. NRG Energy’s dividend payout ratio (DPR) is 17.77%.

NRG Energy Company Profile

(Get Rating)

NRG Energy, Inc, together with its subsidiaries, operates as an integrated power company in the United States. It operates through Texas, East, and West. The company is involved in the producing, selling, and delivering electricity and related products and services to approximately 6 million residential, commercial, industrial, and wholesale customers.

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Analyst Recommendations for NRG Energy (NYSE:NRG)

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