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

NRG Energy, Inc. (NYSE:NRG) has received a consensus rating of “Moderate Buy” from the eight brokerages that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $124.00.

A number of brokerages have weighed in on NRG. Evercore ISI raised shares of NRG Energy from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $74.00 to $126.00 in a report on Tuesday, January 21st. Wells Fargo & Company upped their target price on NRG Energy from $140.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday, February 27th. The Goldman Sachs Group began coverage on NRG Energy in a research note on Friday, April 4th. They set a “buy” rating and a $129.00 price objective for the company. Guggenheim boosted their price target on shares of NRG Energy from $134.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Finally, BMO Capital Markets lifted their price objective on shares of NRG Energy from $100.00 to $115.00 and gave the company a “market perform” rating in a research report on Monday, March 3rd.

NRG Energy Trading Down 0.3 %

Shares of NYSE NRG opened at $97.84 on Friday. NRG Energy has a 52-week low of $65.11 and a 52-week high of $117.26. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57. The stock has a market capitalization of $19.93 billion, a P/E ratio of 24.58, a PEG ratio of 1.01 and a beta of 1.10. The stock’s 50 day moving average price is $98.18 and its two-hundred day moving average price is $96.55.

NRG Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a dividend of $0.44 per share. The ex-dividend date is Thursday, May 1st. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.80%. NRG Energy’s dividend payout ratio is presently 35.92%.

Hedge Funds Weigh In On NRG Energy

Several hedge funds have recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in NRG Energy in the fourth quarter worth about $32,000. Mizuho Bank Ltd. acquired a new position in NRG Energy in the fourth quarter worth approximately $41,000. UMB Bank n.a. lifted its position in shares of NRG Energy by 100.4% during the 4th quarter. UMB Bank n.a. now owns 455 shares of the utilities provider’s stock valued at $41,000 after acquiring an additional 228 shares during the last quarter. Princeton Global Asset Management LLC grew its holdings in shares of NRG Energy by 414.9% in the 4th quarter. Princeton Global Asset Management LLC now owns 484 shares of the utilities provider’s stock worth $44,000 after acquiring an additional 390 shares during the last quarter. Finally, Larson Financial Group LLC lifted its holdings in shares of NRG Energy by 221.0% during the fourth quarter. Larson Financial Group LLC now owns 504 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 347 shares during the last quarter. 97.72% of the stock is currently owned by institutional investors and hedge funds.

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.