NRG Energy (NYSE:NRG) Reaches New 12-Month High at $69.24

Shares of NRG Energy, Inc. (NYSE:NRGGet Free Report) hit a new 52-week high during trading on Monday . The stock traded as high as $69.24 and last traded at $68.96, with a volume of 731532 shares traded. The stock had previously closed at $67.69.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. StockNews.com raised shares of NRG Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, March 6th. Citigroup raised their target price on shares of NRG Energy from $52.00 to $62.00 and gave the stock a “buy” rating in a report on Friday, March 1st. BMO Capital Markets raised their target price on shares of NRG Energy from $58.00 to $59.00 and gave the stock a “market perform” rating in a report on Thursday, February 29th. Morgan Stanley raised their target price on shares of NRG Energy from $51.00 to $63.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 26th. Finally, Wells Fargo & Company raised their target price on shares of NRG Energy from $78.00 to $85.00 and gave the stock an “overweight” rating in a report on Monday, March 25th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $59.50.

View Our Latest Stock Analysis on NRG

NRG Energy Trading Down 2.2 %

The stock has a fifty day moving average price of $58.16 and a two-hundred day moving average price of $50.10. The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 4.49.

NRG Energy (NYSE:NRGGet Free Report) last released its quarterly earnings results on Wednesday, February 28th. The utilities provider reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.20. The company had revenue of $6.81 billion for the quarter, compared to analysts’ expectations of $7.51 billion. NRG Energy had a positive return on equity of 44.03% and a negative net margin of 0.70%. As a group, analysts anticipate that NRG Energy, Inc. will post 5.66 earnings per share for the current year.

NRG Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Thursday, February 1st were issued a dividend of $0.4075 per share. This is a boost from NRG Energy’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Wednesday, January 31st. This represents a $1.63 annualized dividend and a yield of 2.38%. NRG Energy’s payout ratio is presently -152.34%.

Insider Buying and Selling at NRG Energy

In other NRG Energy news, VP Rasesh M. Patel sold 49,092 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $62.59, for a total value of $3,072,668.28. Following the transaction, the vice president now owns 356,962 shares of the company’s stock, valued at $22,342,251.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.61% of the stock is owned by corporate insiders.

Institutional Trading of NRG Energy

Several large investors have recently added to or reduced their stakes in the company. HighPoint Advisor Group LLC acquired a new stake in NRG Energy during the 4th quarter valued at $202,000. Napatree Capital LLC acquired a new stake in NRG Energy during the 4th quarter valued at $277,000. Quadrature Capital Ltd acquired a new stake in NRG Energy during the 4th quarter valued at $454,000. PNC Financial Services Group Inc. raised its stake in NRG Energy by 1.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 46,338 shares of the utilities provider’s stock valued at $2,396,000 after purchasing an additional 578 shares during the period. Finally, Yeomans Consulting Group Inc. acquired a new stake in NRG Energy during the 4th quarter valued at $202,000. 97.72% of the stock is owned by institutional investors and hedge funds.

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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