NRG Energy (NYSE:NRG) Price Target Raised to $39.00 at Morgan Stanley

NRG Energy (NYSE:NRGGet Rating) had its target price boosted by Morgan Stanley from $37.00 to $39.00 in a research note issued to investors on Monday morning, Benzinga reports. Morgan Stanley currently has an equal weight rating on the utilities provider’s stock.

Several other research analysts have also issued reports on NRG. Bank of America upgraded shares of NRG Energy from an underperform rating to a neutral rating and decreased their price target for the stock from $38.00 to $32.00 in a research note on Monday, December 19th. StockNews.com initiated coverage on shares of NRG Energy in a research note on Wednesday, October 12th. They set a hold rating for the company. BMO Capital Markets reduced their price objective on shares of NRG Energy from $46.00 to $43.00 in a research note on Thursday, December 8th. Finally, UBS Group lowered shares of NRG Energy from a neutral rating to a sell rating in a research note on Wednesday, December 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, NRG Energy has an average rating of Hold and a consensus price target of $40.40.

NRG Energy Trading Up 0.7 %

NYSE:NRG opened at $32.42 on Monday. The company has a current ratio of 1.32, a quick ratio of 1.27 and a debt-to-equity ratio of 1.55. The company has a 50-day moving average price of $35.15 and a 200-day moving average price of $38.89. The stock has a market cap of $7.47 billion, a price-to-earnings ratio of 4.11, a P/E/G ratio of 0.54 and a beta of 0.93. NRG Energy has a 12 month low of $30.64 and a 12 month high of $47.82.

NRG Energy (NYSE:NRGGet Rating) last issued its quarterly earnings results on Monday, November 7th. The utilities provider reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.35). The business had revenue of $8.51 billion during the quarter, compared to the consensus estimate of $5.90 billion. NRG Energy had a negative return on equity of 0.66% and a net margin of 6.15%. Equities analysts predict that NRG Energy will post 11.12 EPS for the current year.

NRG Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 15th. Stockholders of record on Wednesday, February 1st will be paid a $0.3775 dividend. The ex-dividend date is Tuesday, January 31st. This is a positive change from NRG Energy’s previous quarterly dividend of $0.35. This represents a $1.51 dividend on an annualized basis and a dividend yield of 4.66%. NRG Energy’s payout ratio is currently 17.77%.

Insider Transactions at NRG Energy

In related news, Director Antonio Carrillo purchased 9,000 shares of NRG Energy stock in a transaction dated Thursday, December 15th. The stock was purchased at an average cost of $31.71 per share, for a total transaction of $285,390.00. Following the completion of the purchase, the director now directly owns 27,446 shares of the company’s stock, valued at approximately $870,312.66. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. In other NRG Energy news, Director Antonio Carrillo acquired 9,000 shares of the company’s stock in a transaction that occurred on Thursday, December 15th. The shares were bought at an average price of $31.71 per share, with a total value of $285,390.00. Following the completion of the acquisition, the director now owns 27,446 shares in the company, valued at approximately $870,312.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mauricio Gutierrez acquired 15,000 shares of the company’s stock in a transaction that occurred on Thursday, December 15th. The stock was acquired at an average cost of $32.03 per share, for a total transaction of $480,450.00. Following the acquisition, the chief executive officer now owns 1,111,368 shares of the company’s stock, valued at approximately $35,597,117.04. The disclosure for this purchase can be found here. Company insiders own 0.76% of the company’s stock.

Hedge Funds Weigh In On NRG Energy

A number of institutional investors and hedge funds have recently made changes to their positions in the business. First Horizon Advisors Inc. lifted its holdings in NRG Energy by 206.8% during the second quarter. First Horizon Advisors Inc. now owns 681 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 459 shares in the last quarter. Cowa LLC purchased a new position in NRG Energy during the third quarter valued at approximately $27,000. Kistler Tiffany Companies LLC lifted its holdings in NRG Energy by 92.7% during the third quarter. Kistler Tiffany Companies LLC now owns 867 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 417 shares in the last quarter. Ronald Blue Trust Inc. lifted its holdings in NRG Energy by 163.0% during the third quarter. Ronald Blue Trust Inc. now owns 1,073 shares of the utilities provider’s stock valued at $40,000 after purchasing an additional 665 shares in the last quarter. Finally, MinichMacGregor Wealth Management LLC purchased a new position in NRG Energy during the fourth quarter valued at approximately $52,000. Hedge funds and other institutional investors own 99.98% of the company’s stock.

About NRG Energy

(Get Rating)

NRG Energy, Inc, together with its subsidiaries, operates as an integrated power company in the United States. It operates through Texas, East, and West. The company is involved in the producing, selling, and delivering electricity and related products and services to approximately 6 million residential, commercial, industrial, and wholesale customers.

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