NRG Energy (NYSE:NRG) Coverage Initiated by Analysts at Siebert Williams Shank

Siebert Williams Shank initiated coverage on shares of NRG Energy (NYSE:NRG) in a report released on Monday morning, Marketbeat.com reports. The firm issued a buy rating and a $184.00 target price on the utilities provider’s stock.

Several other analysts have also commented on the stock. Weiss Ratings lowered shares of NRG Energy from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 11th. Raymond James Financial set a $210.00 target price on NRG Energy in a report on Monday, April 27th. Barclays dropped their price target on shares of NRG Energy from $203.00 to $200.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 31st. BNP Paribas Exane assumed coverage on shares of NRG Energy in a report on Wednesday, March 18th. They issued an “outperform” rating and a $232.00 target price for the company. Finally, Wolfe Research upgraded shares of NRG Energy from a “peer perform” rating to an “outperform” rating and set a $190.00 price target on the stock in a report on Wednesday, March 18th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $197.80.

NRG Energy Stock Performance

Shares of NRG Energy stock traded down $3.09 during trading hours on Monday, hitting $137.92. 71,447 shares of the company’s stock traded hands, compared to its average volume of 2,656,731. The stock has a market capitalization of $29.10 billion, a price-to-earnings ratio of 162.34 and a beta of 1.21. NRG Energy has a 12-month low of $120.11 and a 12-month high of $189.96. The company has a debt-to-equity ratio of 4.68, a current ratio of 0.84 and a quick ratio of 0.78. The company has a fifty day simple moving average of $137.99 and a 200-day simple moving average of $150.84.

NRG Energy (NYSE:NRG) last issued its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.48 EPS for the quarter, missing the consensus estimate of $1.78 by ($0.30). NRG Energy had a net margin of 0.74% and a return on equity of 70.67%. The firm had revenue of $10.26 billion for the quarter, compared to analysts’ expectations of $8.43 billion. During the same period in the prior year, the firm posted $2.68 EPS. NRG Energy’s revenue was up 19.5% on a year-over-year basis. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. Equities research analysts anticipate that NRG Energy will post 8.89 EPS for the current fiscal year.

NRG Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors 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 annualized dividend and a yield of 1.4%. NRG Energy’s dividend payout ratio is 223.53%.

Insider Buying and Selling

In other news, VP Virginia Kinney sold 20,000 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $127.52, for a total transaction of $2,550,400.00. Following the completion of the sale, the vice president owned 45,111 shares in the company, valued at approximately $5,752,554.72. This represents a 30.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.43% of the company’s stock.

Institutional Investors Weigh In On NRG Energy

Several hedge funds have recently modified their holdings of the stock. Hilltop National Bank acquired a new stake in shares of NRG Energy in the 2nd quarter worth $45,000. CX Institutional raised its stake in shares of NRG Energy by 19.2% during the 2nd quarter. CX Institutional now owns 50,196 shares of the utilities provider’s stock worth $7,332,000 after buying an additional 8,092 shares in the last quarter. Hamilton Wealth LLC raised its position in NRG Energy by 10.2% in the first quarter. Hamilton Wealth LLC now owns 1,711 shares of the utilities provider’s stock worth $250,000 after acquiring an additional 159 shares in the last quarter. Sapient Capital LLC purchased a new stake in shares of NRG Energy during the 1st quarter worth $327,000. Finally, Western Wealth Management LLC acquired a new stake in shares of NRG Energy during the 1st quarter valued at approximately $151,000. 97.72% of the stock is owned by institutional investors and hedge funds.

NRG Energy Company Profile

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.