NRG Energy, Inc. (NYSE:NRG) Receives Consensus Rating of “Hold” from Analysts

Shares of NRG Energy, Inc. (NYSE:NRG – Get Rating) have earned a consensus recommendation of “Hold” from the seven analysts that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $40.00.

Several research firms have recently weighed in on NRG. Bank of America raised NRG Energy from an “underperform” rating to a “neutral” rating and lowered their price objective for the stock from $38.00 to $32.00 in a research report on Monday, December 19th. BMO Capital Markets reduced their target price on NRG Energy from $46.00 to $43.00 in a research note on Thursday, December 8th. StockNews.com downgraded NRG Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, February 22nd. UBS Group downgraded NRG Energy from a “neutral” rating to a “sell” rating in a research note on Wednesday, December 7th. Finally, Morgan Stanley boosted their target price on NRG Energy from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Monday, January 23rd.

Insider Buying and Selling at NRG Energy

In other news, Director Antonio Carrillo purchased 9,000 shares of the business’s stock in a transaction dated Thursday, December 15th. The shares were purchased at an average price of $31.71 per share, for a total transaction of $285,390.00. Following the completion of the acquisition, the director now directly owns 27,446 shares in the company, valued at approximately $870,312.66. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Antonio Carrillo bought 9,000 shares of the company’s stock in a transaction that occurred on Thursday, December 15th. The shares were bought at an average price of $31.71 per share, for a total transaction of $285,390.00. Following the completion of the acquisition, the director now owns 27,446 shares of the company’s stock, valued at approximately $870,312.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mauricio Gutierrez purchased 15,000 shares of the company’s stock in a transaction dated Thursday, December 15th. The shares were acquired at an average price of $32.03 per share, for a total transaction of $480,450.00. Following the purchase, 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. Insiders own 0.76% of the company’s stock.

Institutional Trading of NRG Energy

A number of large investors have recently made changes to their positions in NRG. Regal Investment Advisors LLC purchased a new stake in NRG Energy in the 4th quarter valued at about $435,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of NRG Energy by 4,030.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,239 shares of the utilities provider’s stock valued at $39,000 after purchasing an additional 1,209 shares in the last quarter. Cognios Beta Neutral Large Cap Fund LP bought a new position in shares of NRG Energy during the 4th quarter worth approximately $500,000. Truist Financial Corp increased its stake in NRG Energy by 324.2% during the 4th quarter. Truist Financial Corp now owns 63,797 shares of the utilities provider’s stock valued at $2,030,000 after purchasing an additional 48,758 shares in the last quarter. Finally, Coppell Advisory Solutions Corp. acquired a new position in NRG Energy during the 4th quarter valued at approximately $25,000. 99.98% of the stock is currently owned by institutional investors.

NRG Energy Trading Up 2.7 %

Shares of NRG stock opened at $33.64 on Monday. The stock’s fifty day moving average price is $33.22 and its two-hundred day moving average price is $38.09. The company has a market cap of $7.73 billion, a PE ratio of 6.65, a P/E/G ratio of 6.47 and a beta of 0.99. NRG Energy has a fifty-two week low of $30.64 and a fifty-two week high of $47.82. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.19 and a current ratio of 1.25.

NRG Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 15th. Shareholders of record on Wednesday, February 1st were paid a dividend of $0.3775 per share. This is an increase from NRG Energy’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Tuesday, January 31st. This represents a $1.51 dividend on an annualized basis and a dividend yield of 4.49%. NRG Energy’s dividend payout ratio (DPR) is currently 29.84%.

NRG Energy Company Profile

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NRG Energy, Inc engages in the production, sale, and distribution of energy and energy services. It operates through the following segments: Generation, Retail, and Corporate. The Generation segment includes all power plant activities, domestic and international, as well as renewables. The Retail segment includes mass customers and business solutions, and other distributed and reliability products.