NRG Energy (NYSE:NRG) Price Target Raised to $39.00 at Morgan Stanley

NRG Energy (NYSE:NRGGet Rating) had its target price upped by Morgan Stanley from $37.00 to $39.00 in a research report report published on Monday morning, Benzinga reports. They currently have an equal weight rating on the utilities provider’s stock.

A number of other analysts have also recently commented on NRG. BMO Capital Markets dropped their price target on shares of NRG Energy from $46.00 to $43.00 in a research note on Thursday, December 8th. UBS Group cut shares of NRG Energy from a neutral rating to a sell rating in a research note on Wednesday, December 7th. StockNews.com assumed coverage on shares of NRG Energy in a research note on Wednesday, October 12th. They set a hold rating on the stock. Finally, Bank of America upgraded shares of NRG Energy from an underperform rating to a neutral rating and dropped their price target for the company from $38.00 to $32.00 in a research note on Monday, December 19th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, NRG Energy currently has a consensus rating of Hold and a consensus price target of $40.40.

NRG Energy Stock Up 0.7 %

NRG opened at $32.42 on Monday. The company has a quick ratio of 1.27, a current ratio of 1.32 and a debt-to-equity ratio of 1.55. The stock has a market cap of $7.47 billion, a price-to-earnings ratio of 4.11, a PEG ratio of 0.54 and a beta of 0.93. NRG Energy has a twelve month low of $30.64 and a twelve month high of $47.82. The company’s 50-day moving average price is $35.15 and its two-hundred day moving average price is $38.89.

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 company had revenue of $8.51 billion during the quarter, compared to analysts’ expectations of $5.90 billion. NRG Energy had a net margin of 6.15% and a negative return on equity of 0.66%. As a group, equities analysts expect that NRG Energy will post 11.12 earnings per share for the current year.

NRG Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 15th. Investors of record on Wednesday, February 1st will be issued a dividend of $0.3775 per share. This represents a $1.51 dividend on an annualized basis and a yield of 4.66%. The ex-dividend date of this dividend is Tuesday, January 31st. This is a positive change from NRG Energy’s previous quarterly dividend of $0.35. NRG Energy’s dividend payout ratio is 17.77%.

Insider Buying and Selling

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

Hedge Funds Weigh In On NRG Energy

Several institutional investors and hedge funds have recently made changes to their positions in NRG. Raymond James Financial Services Advisors Inc. grew its holdings in shares of NRG Energy by 6.5% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 39,743 shares of the utilities provider’s stock valued at $1,525,000 after purchasing an additional 2,422 shares during the last quarter. US Bancorp DE grew its holdings in shares of NRG Energy by 12.7% during the 1st quarter. US Bancorp DE now owns 15,350 shares of the utilities provider’s stock valued at $589,000 after purchasing an additional 1,727 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of NRG Energy by 6.2% during the 1st quarter. Rhumbline Advisers now owns 427,433 shares of the utilities provider’s stock valued at $16,396,000 after purchasing an additional 24,792 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of NRG Energy by 6.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 32,760 shares of the utilities provider’s stock valued at $1,257,000 after purchasing an additional 2,028 shares during the last quarter. Finally, Great West Life Assurance Co. Can grew its holdings in shares of NRG Energy by 6.8% during the 1st quarter. Great West Life Assurance Co. Can now owns 229,581 shares of the utilities provider’s stock valued at $9,243,000 after purchasing an additional 14,574 shares during the last quarter. Institutional investors own 99.98% of the company’s stock.

About NRG Energy

(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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