NRG Energy (NYSE:NRG) Trading 6.8% Higher – What’s Next?

Shares of NRG Energy, Inc. (NYSE:NRG) traded up 6.8% during trading on Tuesday . The company traded as high as $99.23 and last traded at $98.10. 848,647 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 3,247,083 shares. The stock had previously closed at $91.87.

Analyst Ratings Changes

NRG has been the subject of several research reports. Jefferies Financial Group raised shares of NRG Energy from a “hold” rating to a “buy” rating and upped their price target for the stock from $93.00 to $113.00 in a research report on Tuesday. Guggenheim upped their price target on shares of NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. StockNews.com cut shares of NRG Energy from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. BMO Capital Markets upped their price target on shares of NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 19th. Finally, Wells Fargo & Company upped their price target on shares of NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $102.71.

NRG Energy Trading Up 9.4 %

The stock’s fifty day simple moving average is $90.28 and its 200-day simple moving average is $83.25. The firm has a market cap of $20.37 billion, a PE ratio of 24.75, a PEG ratio of 1.39 and a beta of 1.10. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10.

NRG Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a $0.4075 dividend. The ex-dividend date was Friday, November 1st. This represents a $1.63 dividend on an annualized basis and a dividend yield of 1.62%. NRG Energy’s dividend payout ratio is currently 40.95%.

Insiders Place Their Bets

In other news, insider Rasesh M. Patel sold 102,603 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $80.35, for a total value of $8,244,151.05. Following the sale, the insider now owns 163,680 shares in the company, valued at $13,151,688. This represents a 38.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.61% of the company’s stock.

Institutional Trading of NRG Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in NRG. O Shaughnessy Asset Management LLC increased its stake in shares of NRG Energy by 35.9% in the first quarter. O Shaughnessy Asset Management LLC now owns 8,723 shares of the utilities provider’s stock worth $590,000 after acquiring an additional 2,304 shares during the period. SVB Wealth LLC grew its position in NRG Energy by 38.2% during the first quarter. SVB Wealth LLC now owns 9,671 shares of the utilities provider’s stock valued at $655,000 after buying an additional 2,673 shares during the period. B. Riley Wealth Advisors Inc. grew its position in NRG Energy by 24.1% during the first quarter. B. Riley Wealth Advisors Inc. now owns 22,761 shares of the utilities provider’s stock valued at $1,541,000 after buying an additional 4,421 shares during the period. Redwood Investment Management LLC grew its position in NRG Energy by 61.0% during the first quarter. Redwood Investment Management LLC now owns 22,394 shares of the utilities provider’s stock valued at $1,516,000 after buying an additional 8,481 shares during the period. Finally, Tidal Investments LLC grew its position in NRG Energy by 35.6% during the first quarter. Tidal Investments LLC now owns 29,321 shares of the utilities provider’s stock valued at $1,985,000 after buying an additional 7,705 shares during the period. Institutional investors and hedge funds own 97.72% of the company’s stock.

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.