NRG Energy (NYSE:NRG) Shares Down 2.8%

Shares of NRG Energy, Inc. (NYSE:NRGGet Free Report) fell 2.8% on Friday . The company traded as low as $82.13 and last traded at $82.29. 332,099 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 3,610,529 shares. The stock had previously closed at $84.64.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on NRG shares. Citigroup increased their price target on NRG Energy from $52.00 to $62.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Evercore ISI raised their price target on shares of NRG Energy from $55.00 to $65.00 and gave the stock an “in-line” rating in a report on Monday, March 18th. BMO Capital Markets upped their price objective on shares of NRG Energy from $73.00 to $82.00 and gave the company a “market perform” rating in a report on Wednesday, May 8th. Wells Fargo & Company increased their price objective on shares of NRG Energy from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 15th. Finally, Morgan Stanley boosted their target price on NRG Energy from $70.00 to $83.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 28th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $68.00.

Get Our Latest Analysis on NRG

NRG Energy Stock Down 4.3 %

The company has a market cap of $16.89 billion, a P/E ratio of 11.47 and a beta of 1.11. The company has a debt-to-equity ratio of 3.61, a current ratio of 1.01 and a quick ratio of 0.95. The stock has a fifty day moving average price of $75.81 and a two-hundred day moving average price of $60.80.

NRG Energy (NYSE:NRGGet Free Report) last announced its earnings results on Tuesday, May 7th. The utilities provider reported $0.80 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.12). NRG Energy had a net margin of 5.76% and a return on equity of 42.60%. On average, research analysts expect that NRG Energy, Inc. will post 6.08 EPS for the current year.

NRG Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st were given a dividend of $0.4075 per share. The ex-dividend date was Tuesday, April 30th. This represents a $1.63 annualized dividend and a dividend yield of 2.01%. NRG Energy’s dividend payout ratio is currently 23.09%.

Insider Activity

In other news, insider Rasesh M. Patel sold 24,546 shares of NRG Energy stock in a transaction on Friday, May 17th. The stock was sold at an average price of $83.41, for a total transaction of $2,047,381.86. Following the sale, the insider now directly owns 266,064 shares in the company, valued at approximately $22,192,398.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other NRG Energy news, VP Rasesh M. Patel sold 49,092 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $62.59, for a total transaction of $3,072,668.28. Following the sale, the vice president now directly owns 356,962 shares of the company’s stock, valued at $22,342,251.58. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Rasesh M. Patel sold 24,546 shares of NRG Energy stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $83.41, for a total transaction of $2,047,381.86. Following the completion of the transaction, the insider now owns 266,064 shares of the company’s stock, valued at approximately $22,192,398.24. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. LifeSteps Financial Inc. bought a new stake in shares of NRG Energy during the first quarter valued at about $31,000. Mather Group LLC. purchased a new stake in NRG Energy in the 1st quarter worth approximately $33,000. Crewe Advisors LLC bought a new position in NRG Energy in the 1st quarter valued at $36,000. CENTRAL TRUST Co increased its holdings in shares of NRG Energy by 1,005.5% in the fourth quarter. CENTRAL TRUST Co now owns 807 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 734 shares during the period. Finally, Blue Trust Inc. raised its position in shares of NRG Energy by 35.4% in the fourth quarter. Blue Trust Inc. now owns 865 shares of the utilities provider’s stock worth $45,000 after buying an additional 226 shares in the last quarter. 97.72% of the stock is owned by institutional investors.

About NRG Energy

(Get Free Report)

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.

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