NRG Energy (NYSE:NRG) Sets New 1-Year Low – Here’s Why

NRG Energy, Inc. (NYSE:NRG)’s stock price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $124.84 and last traded at $126.6920, with a volume of 102214 shares traded. The stock had previously closed at $127.81.

Analyst Ratings Changes

Several research analysts have recently issued reports on NRG shares. Wells Fargo & Company boosted their price objective on shares of NRG Energy from $202.00 to $206.00 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. Evercore assumed coverage on shares of NRG Energy in a report on Wednesday, February 25th. They set an “outperform” rating and a $215.00 price objective on the stock. Weiss Ratings lowered shares of NRG Energy from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 7th. Jefferies Financial Group lowered their target price on shares of NRG Energy from $198.00 to $181.00 and set a “buy” rating on the stock in a research note on Tuesday, January 27th. Finally, Raymond James Financial set a $210.00 target price on shares of NRG Energy in a research note on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $199.46.

NRG Energy Trading Down 1.3%

The company has a 50 day moving average of $151.23 and a 200 day moving average of $158.26. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 4.68. The firm has a market cap of $26.14 billion, a price-to-earnings ratio of 145.77 and a beta of 1.32.

NRG Energy (NYSE:NRG) last announced its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.48 EPS for the quarter, missing the consensus estimate of $1.78 by ($0.30). The company had revenue of $10.26 billion during the quarter, compared to analyst estimates of $8.43 billion. NRG Energy had a net margin of 0.74% and a return on equity of 70.67%. NRG Energy’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.68 EPS. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. As a group, research analysts anticipate that NRG Energy, Inc. will post 8.94 EPS for the current year.

NRG Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were given a $0.475 dividend. The ex-dividend date was Friday, May 1st. This represents a $1.90 dividend on an annualized basis and a yield of 1.5%. NRG Energy’s payout ratio is 223.53%.

Insider Buying and Selling

In other NRG Energy news, VP Virginia Kinney sold 5,000 shares of the business’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $156.65, for a total value of $783,250.00. Following the transaction, the vice president directly owned 55,495 shares in the company, valued at $8,693,291.75. The trade was a 8.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.43% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On NRG Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Western Wealth Management LLC acquired a new position in NRG Energy in the first quarter valued at about $151,000. Bank of America Corp DE boosted its position in NRG Energy by 16.7% in the first quarter. Bank of America Corp DE now owns 2,192,394 shares of the utilities provider’s stock valued at $320,396,000 after buying an additional 313,410 shares in the last quarter. Hamilton Wealth LLC boosted its position in NRG Energy by 120.5% in the first quarter. Hamilton Wealth LLC now owns 3,422 shares of the utilities provider’s stock valued at $500,000 after buying an additional 1,870 shares in the last quarter. Oaktree Capital Management LP acquired a new position in NRG Energy in the first quarter valued at about $7,165,000. Finally, Kentucky Retirement Systems boosted its position in NRG Energy by 123.6% in the first quarter. Kentucky Retirement Systems now owns 26,702 shares of the utilities provider’s stock valued at $3,902,000 after buying an additional 14,758 shares in the last quarter. 97.72% of the stock is currently owned by institutional investors and hedge funds.

About NRG Energy

NRG Energy (NYSE: NRG) is a U.S.-based integrated power company headquartered in Houston, Texas. The company develops, owns and operates a diversified portfolio of power generation assets and participates in wholesale and retail energy markets. NRG supplies electricity to utilities, commercial and industrial customers, and retail consumers, while also providing energy-related products and services designed to manage consumption and support reliability.

NRG’s generation mix includes conventional thermal plants as well as renewable and distributed energy resources.