NRG Energy (NYSE:NRG) Research Coverage Started at HSBC

HSBC initiated coverage on shares of NRG Energy (NYSE:NRG) in a report issued on Thursday morning, Marketbeat.com reports. The firm issued a buy rating and a $179.00 target price on the utilities provider’s stock.

A number of other analysts have also recently commented on the stock. BNP Paribas Exane set a $221.00 price target on shares of NRG Energy in a research report on Wednesday, August 19th. Barclays boosted their price objective on NRG Energy from $200.00 to $204.00 and gave the company an “overweight” rating in a research note on Tuesday, July 28th. Morgan Stanley cut their target price on NRG Energy from $159.00 to $144.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Wells Fargo & Company upped their target price on NRG Energy from $203.00 to $209.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Finally, Weiss Ratings raised NRG Energy from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, October 9th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $183.20.

NRG Energy Trading Down 2.2%

NYSE:NRG opened at $92.27 on Thursday. The firm’s fifty day moving average is $106.81 and its 200-day moving average is $127.85. The company has a debt-to-equity ratio of 5.17, a quick ratio of 0.89 and a current ratio of 0.97. NRG Energy has a 52 week low of $90.80 and a 52 week high of $189.96. The firm has a market cap of $19.47 billion, a P/E ratio of 24.41 and a beta of 1.17.

NRG Energy (NYSE:NRG) last posted its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.69 by ($0.20). The firm had revenue of $7.48 billion for the quarter, compared to analyst estimates of $7.31 billion. NRG Energy had a return on equity of 52.95% and a net margin of 2.56%. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.73 earnings per share. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. Equities analysts expect that NRG Energy will post 8.62 earnings per share for the current year.

NRG Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Monday, November 2nd will be issued a $0.4750 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Monday, November 2nd. NRG Energy’s dividend payout ratio (DPR) is presently 50.26%.

Insiders Place Their Bets

In other news, CAO Gerald Alfred Spencer sold 1,580 shares of the company’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $120.93, for a total transaction of $191,069.40. Following the transaction, the chief accounting officer owned 6,213 shares in the company, valued at approximately $751,338.09. This represents a 20.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.43% of the company’s stock.

Institutional Trading of NRG Energy

Large investors have recently made changes to their positions in the company. SHP Wealth Management acquired a new position in NRG Energy during the 4th quarter worth approximately $32,000. Hilton Head Capital Partners LLC grew its stake in NRG Energy by 50.0% in the first quarter. Hilton Head Capital Partners LLC now owns 219 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 73 shares during the period. Wellington Altus USA Inc. acquired a new stake in NRG Energy in the second quarter valued at approximately $33,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of NRG Energy during the first quarter valued at approximately $33,000. Finally, CoreCap Advisors LLC increased its holdings in shares of NRG Energy by 83.8% during the second quarter. CoreCap Advisors LLC now owns 250 shares of the utilities provider’s stock valued at $37,000 after acquiring an additional 114 shares in the last quarter. 97.72% of the stock is currently owned by institutional investors and hedge funds.

About NRG Energy

NRG Energy, Inc is an integrated power and home services company headquartered in Houston, Texas. The company produces and sells electricity through a diverse generation portfolio that includes natural gas, coal, nuclear power, renewable energy and battery storage. NRG serves wholesale and retail energy markets, with operations and customers primarily in the United States and Canada.

Through retail brands including Reliant and Direct Energy, NRG provides electricity, natural gas and related energy products to residential, commercial and industrial customers.