NRG Energy Inc (NYSE:NRG) has been given an average recommendation of “Buy” by the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $37.40.

NRG has been the topic of a number of recent research reports. Citigroup upgraded shares of NRG Energy from a “neutral” rating to a “buy” rating and set a $38.00 price objective on the stock in a research note on Monday, August 6th. Macquarie lifted their price objective on shares of NRG Energy from $40.00 to $41.00 and gave the company an “outperform” rating in a research note on Thursday, September 20th. Bank of America lifted their price objective on shares of NRG Energy from $36.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, August 7th. Zacks Investment Research lowered shares of NRG Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 18th. Finally, ValuEngine upgraded shares of NRG Energy from a “hold” rating to a “buy” rating in a research note on Saturday, October 6th.

NYSE:NRG traded up $0.45 during midday trading on Friday, hitting $37.31. 33,155 shares of the company were exchanged, compared to its average volume of 3,877,791. The company has a debt-to-equity ratio of 7.16, a current ratio of 1.30 and a quick ratio of 1.17. The firm has a market capitalization of $11.38 billion, a P/E ratio of 34.06 and a beta of 1.06. NRG Energy has a fifty-two week low of $23.75 and a fifty-two week high of $38.25.

NRG Energy (NYSE:NRG) last posted its quarterly earnings data on Thursday, August 2nd. The utilities provider reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.55). The business had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.72 billion. NRG Energy had a negative net margin of 9.30% and a positive return on equity of 29.44%. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.36 earnings per share. On average, sell-side analysts anticipate that NRG Energy will post 3.84 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, November 1st will be paid a $0.03 dividend. The ex-dividend date is Wednesday, October 31st. This represents a $0.12 dividend on an annualized basis and a yield of 0.32%. NRG Energy’s dividend payout ratio is presently 11.01%.

In other news, EVP Christopher Moser sold 15,200 shares of NRG Energy stock in a transaction dated Thursday, September 6th. The shares were sold at an average price of $35.14, for a total value of $534,128.00. Following the sale, the executive vice president now owns 115,650 shares of the company’s stock, valued at $4,063,941. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP David Callen sold 9,200 shares of NRG Energy stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $33.21, for a total transaction of $305,532.00. Following the completion of the sale, the senior vice president now directly owns 39,759 shares in the company, valued at approximately $1,320,396.39. The disclosure for this sale can be found here. In the last ninety days, insiders sold 92,975 shares of company stock worth $3,265,286. Insiders own 0.38% of the company’s stock.

Large investors have recently modified their holdings of the company. Guidant Wealth Advisors boosted its holdings in NRG Energy by 9,972.7% during the second quarter. Guidant Wealth Advisors now owns 2,216 shares of the utilities provider’s stock worth $109,000 after buying an additional 2,194 shares in the last quarter. Harvest Fund Management Co. Ltd boosted its holdings in NRG Energy by 313.6% during the second quarter. Harvest Fund Management Co. Ltd now owns 3,747 shares of the utilities provider’s stock worth $115,000 after buying an additional 2,841 shares in the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new stake in NRG Energy during the second quarter worth about $130,000. Cerebellum GP LLC purchased a new stake in NRG Energy during the second quarter worth about $168,000. Finally, Natixis purchased a new stake in NRG Energy during the first quarter worth about $205,000. 97.69% of the stock is currently owned by institutional investors and hedge funds.

About NRG Energy

NRG Energy, Inc, together with its subsidiaries, operates as an integrated power company in the United States. The company is involved in the generation of electricity using fossil fuel and nuclear sources. The company provides electricity to 2.9 million residential, commercial, and industrial consumers; system power, distributed generation, solar and wind products, backup generation, storage and distributed solar, demand response, energy efficiency, and on-site energy solutions; and carbon management and specialty services.

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Analyst Recommendations for NRG Energy (NYSE:NRG)

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