NRG Energy (NYSE:NRG) Stock Gets Price Target Trim from Morgan Stanley

NRG Energy (NYSE:NRG) had its target price trimmed by Morgan Stanley from $159.00 to $144.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an equal weight rating on the utilities provider’s stock.

Other equities analysts have also issued research reports about the company. Seaport Research Partners set a $160.00 price objective on NRG Energy in a research note on Monday. Canadian Imperial Bank of Commerce began coverage on NRG Energy in a research note on Friday, October 16th. They issued an “outperform” rating on the stock. Williams Trading set a $165.00 target price on NRG Energy in a report on Wednesday. Scotiabank dropped their target price on NRG Energy from $226.00 to $211.00 and set a “sector outperform” rating on the stock in a report on Wednesday, August 5th. Finally, Evercore reiterated an “outperform” rating and set a $195.00 price target on shares of NRG Energy in a research report on Wednesday, August 5th. Two equities research 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $183.20.

NRG Energy Stock Performance

NRG opened at $92.27 on Wednesday. NRG Energy has a 12-month low of $90.80 and a 12-month high of $189.96. The company has a current ratio of 0.97, a quick ratio of 0.89 and a debt-to-equity ratio of 5.17. The firm has a market capitalization of $19.47 billion, a PE ratio of 24.41 and a beta of 1.17. The firm has a 50 day moving average of $106.81 and a two-hundred day moving average of $127.85.

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

NRG Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Monday, November 2nd will be paid a dividend of $0.4750 per share. This represents a $1.90 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Monday, November 2nd. NRG Energy’s dividend payout ratio is presently 50.26%.

Insider Activity

In other news, CAO Gerald Alfred Spencer sold 1,580 shares of the firm’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $120.93, for a total transaction of $191,069.40. Following the sale, the chief accounting officer directly owned 6,213 shares in the company, valued at $751,338.09. This trade represents a 20.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is currently owned by insiders.

Hedge Funds Weigh In On NRG Energy

A number of large investors have recently bought and sold shares of NRG. Bank of New York Mellon Corp acquired a new stake in NRG Energy in the second quarter valued at approximately $473,391,000. Bank of America Corp DE raised its stake in shares of NRG Energy by 16.7% during the 1st quarter. Bank of America Corp DE now owns 2,192,394 shares of the utilities provider’s stock worth $320,396,000 after buying an additional 313,410 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of NRG Energy by 1.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,191,133 shares of the utilities provider’s stock worth $320,145,000 after buying an additional 21,666 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of NRG Energy by 96.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 967,264 shares of the utilities provider’s stock valued at $141,279,000 after buying an additional 474,474 shares in the last quarter. Finally, Sei Investments Co. lifted its position in shares of NRG Energy by 50.4% during the 1st quarter. Sei Investments Co. now owns 857,186 shares of the utilities provider’s stock valued at $125,268,000 after buying an additional 287,381 shares in the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.

NRG Energy Company Profile

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.