Brokerages Set NRG Energy, Inc. (NYSE:NRG) PT at $102.71

NRG Energy, Inc. (NYSE:NRG) has been given an average rating of “Moderate Buy” by the seven analysts that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $102.71.

Several equities research analysts have recently issued reports on the stock. StockNews.com lowered shares of NRG Energy from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Guggenheim raised their price objective on NRG Energy from $77.00 to $118.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Citigroup upped their target price on NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. BMO Capital Markets raised their target price on NRG Energy from $94.00 to $100.00 and gave the company a “market perform” rating in a report on Tuesday, November 19th. Finally, Wells Fargo & Company upped their price target on NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, November 11th.

Hedge Funds Weigh In On NRG Energy

Large investors have recently modified their holdings of the stock. McIlrath & Eck LLC increased its holdings in NRG Energy by 4.5% in the third quarter. McIlrath & Eck LLC now owns 2,630 shares of the utilities provider’s stock valued at $240,000 after buying an additional 113 shares during the last quarter. M&T Bank Corp increased its holdings in shares of NRG Energy by 0.3% in the 3rd quarter. M&T Bank Corp now owns 38,213 shares of the utilities provider’s stock valued at $3,481,000 after acquiring an additional 113 shares during the last quarter. Castle Rock Wealth Management LLC raised its position in shares of NRG Energy by 3.5% during the 3rd quarter. Castle Rock Wealth Management LLC now owns 3,746 shares of the utilities provider’s stock valued at $356,000 after acquiring an additional 126 shares in the last quarter. Park Avenue Securities LLC lifted its stake in NRG Energy by 2.8% during the third quarter. Park Avenue Securities LLC now owns 4,910 shares of the utilities provider’s stock worth $447,000 after purchasing an additional 134 shares during the last quarter. Finally, Covestor Ltd boosted its holdings in NRG Energy by 74.7% in 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 period. Institutional investors own 97.72% of the company’s stock.

NRG Energy Stock Performance

NYSE NRG opened at $89.25 on Friday. 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 has a 1-year low of $49.35 and a 1-year high of $103.14. The firm has a market capitalization of $18.08 billion, a P/E ratio of 22.42, a P/E/G ratio of 1.29 and a beta of 1.12. The business’s 50-day simple moving average is $92.90 and its 200-day simple moving average is $84.94.

NRG Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid a dividend of $0.4075 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.63 dividend on an annualized basis and a yield of 1.83%. NRG Energy’s dividend payout ratio (DPR) is 40.95%.

About NRG Energy

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.