NRG Energy, Inc. (NYSE:NRG) Receives $199.69 Average Price Target from Brokerages

Shares of NRG Energy, Inc. (NYSE:NRG) have received a consensus rating of “Moderate Buy” from the fifteen brokerages that are covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $199.6923.

Several equities research analysts have recently commented on the company. The Goldman Sachs Group assumed coverage on NRG Energy in a research note on Friday, March 6th. They issued a “buy” rating and a $197.00 target price for the company. Evercore assumed coverage on NRG Energy in a research note on Wednesday, February 25th. They issued an “outperform” rating and a $215.00 target price for the company. Zacks Research raised NRG Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, February 23rd. Barclays lowered their target price on NRG Energy from $203.00 to $200.00 and set an “overweight” rating for the company in a research note on Tuesday, March 31st. Finally, Morgan Stanley set a $162.00 target price on NRG Energy in a research note on Thursday, May 21st.

Insider Activity at NRG Energy

In other news, VP Virginia Kinney sold 5,000 shares of NRG Energy stock in a transaction on Monday, March 16th. The stock was sold at an average price of $156.65, for a total value of $783,250.00. Following the completion of the sale, the vice president directly owned 55,495 shares of the company’s stock, valued at approximately $8,693,291.75. This trade represents a 8.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.43% of the company’s stock.

Institutional Investors Weigh In On NRG Energy

Several hedge funds and other institutional investors have recently made changes to their positions in the company. State Street Corp boosted its position in shares of NRG Energy by 2.2% in the 4th quarter. State Street Corp now owns 10,868,408 shares of the utilities provider’s stock worth $1,730,685,000 after purchasing an additional 234,666 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of NRG Energy by 178.1% in the 4th quarter. Victory Capital Management Inc. now owns 7,676,513 shares of the utilities provider’s stock worth $1,222,409,000 after purchasing an additional 4,916,653 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of NRG Energy by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 5,637,726 shares of the utilities provider’s stock worth $910,324,000 after purchasing an additional 82,162 shares during the last quarter. Invesco Ltd. boosted its position in shares of NRG Energy by 0.6% in the 3rd quarter. Invesco Ltd. now owns 4,880,954 shares of the utilities provider’s stock worth $790,471,000 after purchasing an additional 31,238 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in shares of NRG Energy by 16.7% in the 1st quarter. Bank of America Corp DE now owns 2,192,394 shares of the utilities provider’s stock worth $320,396,000 after purchasing an additional 313,410 shares during the last quarter. 97.72% of the stock is owned by institutional investors and hedge funds.

NRG Energy Trading Down 2.5%

NRG stock opened at $134.04 on Friday. The business has a fifty day moving average price of $148.55 and a 200 day moving average price of $156.41. NRG Energy has a fifty-two week low of $121.22 and a fifty-two week high of $189.96. The stock has a market capitalization of $28.28 billion, a price-to-earnings ratio of 157.69 and a beta of 1.32. The company has a debt-to-equity ratio of 4.68, a current ratio of 0.84 and a quick ratio of 0.78.

NRG Energy (NYSE:NRG) last released its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.30). NRG Energy had a net margin of 0.74% and a return on equity of 70.67%. The business had revenue of $10.26 billion for the quarter, compared to analyst estimates of $8.43 billion. During the same period in the prior year, the business earned $2.68 earnings per share. The company’s revenue for the quarter was up 19.5% on a year-over-year basis. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. Analysts expect that NRG Energy will post 8.98 EPS for the current fiscal year.

NRG Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were paid a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, May 1st. NRG Energy’s dividend payout ratio (DPR) is 223.53%.

NRG Energy Company Profile

NRG Energy (NYSE: NRG) is a U.S.-based integrated power company headquartered in Houston, Texas. The company develops, owns and operates a diversified portfolio of power generation assets and participates in wholesale and retail energy markets. NRG supplies electricity to utilities, commercial and industrial customers, and retail consumers, while also providing energy-related products and services designed to manage consumption and support reliability.

NRG’s generation mix includes conventional thermal plants as well as renewable and distributed energy resources.