NRG Energy (NYSE:NRG) Reaches New 1-Year High at $76.54

NRG Energy, Inc. (NYSE:NRGGet Free Report)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $76.54 and last traded at $76.05, with a volume of 403343 shares. The stock had previously closed at $73.93.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on NRG shares. TheStreet raised NRG Energy from a “c+” rating to a “b” rating in a report on Friday, December 29th. StockNews.com raised NRG Energy from a “sell” rating to a “hold” rating in a report on Wednesday, March 6th. Wells Fargo & Company boosted their price target on NRG Energy from $78.00 to $85.00 and gave the company an “overweight” rating in a report on Monday, March 25th. Evercore ISI boosted their price target on NRG Energy from $55.00 to $65.00 and gave the company an “in-line” rating in a report on Monday, March 18th. Finally, Morgan Stanley boosted their price target on NRG Energy from $51.00 to $63.00 and gave the company an “equal weight” rating in a report on Tuesday, March 26th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, NRG Energy currently has an average rating of “Hold” and an average price target of $59.50.

Read Our Latest Analysis on NRG Energy

NRG Energy Trading Up 2.1 %

The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 4.49. The company has a fifty day simple moving average of $61.23 and a 200-day simple moving average of $52.02. The company has a market capitalization of $16.20 billion, a PE ratio of -70.09 and a beta of 1.13.

NRG Energy (NYSE:NRGGet Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The utilities provider reported $1.14 EPS for the quarter, beating the consensus estimate of $0.94 by $0.20. NRG Energy had a positive return on equity of 44.03% and a negative net margin of 0.70%. The business had revenue of $6.81 billion for the quarter, compared to analyst estimates of $7.51 billion. Analysts predict that NRG Energy, Inc. will post 5.36 EPS for the current year.

NRG Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st were paid a $0.4075 dividend. This represents a $1.63 annualized dividend and a dividend yield of 2.16%. The ex-dividend date was Wednesday, January 31st. This is a positive change from NRG Energy’s previous quarterly dividend of $0.38. NRG Energy’s dividend payout ratio is -152.34%.

Insider Activity

In related news, VP Rasesh M. Patel sold 49,092 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $62.59, for a total transaction of $3,072,668.28. Following the transaction, the vice president now owns 356,962 shares of the company’s stock, valued at approximately $22,342,251.58. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.61% of the company’s stock.

Hedge Funds Weigh In On NRG Energy

Several hedge funds have recently bought and sold shares of NRG. Charles Schwab Investment Management Inc. increased its holdings in NRG Energy by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,729,390 shares of the utilities provider’s stock worth $220,696,000 after purchasing an additional 156,974 shares during the period. Permian Investment Partners LP increased its holdings in NRG Energy by 1.4% during the 1st quarter. Permian Investment Partners LP now owns 5,326,801 shares of the utilities provider’s stock worth $204,336,000 after purchasing an additional 73,000 shares during the period. Geode Capital Management LLC increased its holdings in NRG Energy by 1.3% during the 1st quarter. Geode Capital Management LLC now owns 5,142,403 shares of the utilities provider’s stock worth $177,483,000 after purchasing an additional 64,942 shares during the period. Barclays PLC increased its holdings in NRG Energy by 25.7% during the 2nd quarter. Barclays PLC now owns 4,356,780 shares of the utilities provider’s stock worth $162,899,000 after purchasing an additional 891,443 shares during the period. Finally, Northern Trust Corp increased its holdings in NRG Energy by 8.9% during the 3rd quarter. Northern Trust Corp now owns 2,401,396 shares of the utilities provider’s stock worth $92,502,000 after purchasing an additional 197,122 shares during the period. Institutional investors and hedge funds own 97.72% of the company’s stock.

NRG Energy Company Profile

(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.

Further Reading

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