NRG Energy, Inc. (NYSE:NRG) Receives Average Rating of “Moderate Buy” from Analysts

Shares of NRG Energy, Inc. (NYSE:NRG) have received an average recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $102.71.

A number of research firms have recently issued reports on NRG. BMO Capital Markets increased their target price on NRG Energy from $94.00 to $100.00 and gave the company a “market perform” rating in a research note on Tuesday, November 19th. Guggenheim lifted their price objective on shares of NRG Energy from $77.00 to $118.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Jefferies Financial Group raised shares of NRG Energy from a “hold” rating to a “buy” rating and boosted their target price for the stock from $93.00 to $113.00 in a research report on Tuesday, November 26th. StockNews.com lowered shares of NRG Energy from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Finally, Wells Fargo & Company boosted their price objective on shares of NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, November 11th.

NRG Energy Stock Up 1.3 %

Shares of NYSE NRG opened at $90.45 on Friday. The stock has a fifty day moving average price of $92.92 and a 200 day moving average price of $85.03. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. NRG Energy has a 12-month low of $49.53 and a 12-month high of $103.14. The company has a market cap of $18.32 billion, a P/E ratio of 22.73, a P/E/G ratio of 1.29 and a beta of 1.12.

NRG Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a $0.4075 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.63 dividend on an annualized basis and a dividend yield of 1.80%. NRG Energy’s dividend payout ratio (DPR) is presently 40.95%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new position in NRG Energy in the third quarter worth about $26,000. Covestor Ltd lifted its stake in shares of NRG Energy by 74.7% in the 3rd quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 139 shares during the period. Rothschild Investment LLC bought a new position in shares of NRG Energy in the second quarter valued at approximately $32,000. First Horizon Advisors Inc. increased its stake in shares of NRG Energy by 76.1% during the second quarter. First Horizon Advisors Inc. now owns 442 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 191 shares during the period. Finally, Harbor Capital Advisors Inc. bought a new stake in NRG Energy during the third quarter worth approximately $35,000. Institutional investors and hedge funds own 97.72% of the company’s stock.

About NRG Energy

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.