NRG Energy, Inc. (NYSE:NRG) Receives $102.71 Consensus Target Price from Analysts

NRG Energy, Inc. (NYSE:NRG) has been assigned a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $102.71.

NRG has been the topic of several recent analyst reports. Citigroup increased their target price on shares of NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, October 31st. StockNews.com cut NRG Energy from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Wells Fargo & Company upped their target price on NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, November 11th. BMO Capital Markets lifted their price target on NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 19th. Finally, Guggenheim raised their target price on shares of NRG Energy from $77.00 to $118.00 and gave the company a “buy” rating in a report on Tuesday, October 8th.

NRG Energy Price Performance

Shares of NYSE NRG opened at $89.25 on Friday. The company’s fifty day moving average is $92.90 and its two-hundred day moving average is $84.94. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17. The firm has a market capitalization of $18.08 billion, a P/E ratio of 22.42, a PEG ratio of 1.29 and a beta of 1.12. NRG Energy has a one year low of $49.35 and a one year high of $103.14.

NRG Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid a $0.4075 dividend. The ex-dividend date was Friday, November 1st. This represents a $1.63 annualized dividend and a yield of 1.83%. NRG Energy’s payout ratio is currently 40.95%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. McIlrath & Eck LLC lifted its position in NRG Energy by 4.5% during the third quarter. McIlrath & Eck LLC now owns 2,630 shares of the utilities provider’s stock worth $240,000 after buying an additional 113 shares during the period. M&T Bank Corp lifted its holdings in shares of NRG Energy by 0.3% during the 3rd quarter. M&T Bank Corp now owns 38,213 shares of the utilities provider’s stock worth $3,481,000 after acquiring an additional 113 shares during the period. Castle Rock Wealth Management LLC boosted its position in shares of NRG Energy by 3.5% in the third quarter. Castle Rock Wealth Management LLC now owns 3,746 shares of the utilities provider’s stock worth $356,000 after acquiring an additional 126 shares during the last quarter. Park Avenue Securities LLC grew its holdings in NRG Energy by 2.8% in the third quarter. Park Avenue Securities LLC now owns 4,910 shares of the utilities provider’s stock valued at $447,000 after purchasing an additional 134 shares during the period. Finally, Covestor Ltd increased its position in NRG Energy by 74.7% during the third quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 139 shares during the last quarter. Hedge funds and other institutional investors 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.