NRG Energy, Inc. (NYSE:NRG) Receives Consensus Recommendation of “Buy” from Analysts

Shares of NRG Energy, Inc. (NYSE:NRG) have received an average recommendation of “Buy” from the eight ratings firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $46.60.

A number of research analysts recently commented on NRG shares. The Goldman Sachs Group raised NRG Energy from a “buy” rating to a “conviction-buy” rating in a report on Sunday, June 27th. Seaport Global Securities increased their price target on NRG Energy from $42.00 to $47.00 and gave the company a “buy” rating in a report on Monday, June 21st. Morgan Stanley increased their price target on NRG Energy from $47.00 to $48.00 and gave the company an “overweight” rating in a report on Thursday, August 19th. Finally, TheStreet raised NRG Energy from a “c+” rating to a “b” rating in a report on Thursday, August 5th.

In other NRG Energy news, SVP David Callen sold 13,300 shares of the company’s stock in a transaction dated Thursday, July 1st. The shares were sold at an average price of $40.08, for a total transaction of $533,064.00. Following the completion of the sale, the senior vice president now directly owns 40,489 shares of the company’s stock, valued at $1,622,799.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.83% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Van ECK Associates Corp acquired a new position in NRG Energy in the second quarter worth approximately $26,000. Zions Bancorporation N.A. increased its holdings in NRG Energy by 219.4% in the first quarter. Zions Bancorporation N.A. now owns 741 shares of the utilities provider’s stock worth $28,000 after buying an additional 509 shares during the last quarter. Hexagon Capital Partners LLC increased its holdings in NRG Energy by 68.2% in the second quarter. Hexagon Capital Partners LLC now owns 720 shares of the utilities provider’s stock worth $29,000 after buying an additional 292 shares during the last quarter. McIlrath & Eck LLC acquired a new position in NRG Energy during the first quarter valued at approximately $31,000. Finally, MBM Wealth Consultants LLC grew its holdings in NRG Energy by 84.4% during the first quarter. MBM Wealth Consultants LLC now owns 852 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 390 shares during the last quarter. Institutional investors own 97.83% of the company’s stock.

NRG stock opened at $42.18 on Thursday. NRG Energy has a 12 month low of $28.22 and a 12 month high of $46.10. The company’s 50 day simple moving average is $42.94 and its 200-day simple moving average is $39.24. The firm has a market capitalization of $10.32 billion, a PE ratio of 9.61, a P/E/G ratio of 0.20 and a beta of 0.86. The company has a debt-to-equity ratio of 3.42, a current ratio of 1.24 and a quick ratio of 1.19.

NRG Energy (NYSE:NRG) last posted its quarterly earnings results on Thursday, August 5th. The utilities provider reported $4.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.69 by $1.71. NRG Energy had a net margin of 5.90% and a return on equity of 32.21%. The company had revenue of $5.24 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter last year, the firm posted $1.27 earnings per share. NRG Energy’s revenue was up 134.3% on a year-over-year basis. As a group, sell-side analysts anticipate that NRG Energy will post 5.18 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, August 16th. Stockholders of record on Monday, August 2nd were given a dividend of $0.325 per share. This represents a $1.30 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend was Friday, July 30th. NRG Energy’s dividend payout ratio (DPR) is presently 54.17%.

About NRG Energy

NRG Energy, Inc engages in the production, sale, and distribution of energy and energy services. It operates through the following segments: Generation, Retail, and Corporate. The Generation segment includes all power plant activities, domestic and international, as well as renewables. The Retail segment includes mass customers and business solutions, and other distributed and reliability products.

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Analyst Recommendations for NRG Energy (NYSE:NRG)

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