In yesterday’s Wall Street session, NRG Energy Inc. (NYSE:NRG) shares traded at $33.55, down -0.59% from the previous session.
NRG stock price is now -4.28% away from the 50-day moving average and -14.96% away from the 200-day moving average. The market capitalization of the company currently stands at $7.67B.
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On December 09, 2022, Morgan Stanley Downgraded its previous ‘Overweight’ rating to ‘Equal-Weight’ on the stock reducing its target price from $47 to quote $37, while ‘UBS’ rates the stock as ‘Sell’.
In other news, HOBBY PAUL W, Director bought 3,500 shares of the company’s stock on Dec 16. The stock was bought for $109,795 at an average price of $31.37. Upon completion of the transaction, the Director now directly owns 89,320 shares in the company, valued at $3.0 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 16, Director Donohue Elisabeth B bought 2,500 shares of the business’s stock. A total of $78,300 was incurred on buying the stock at an average price of $31.32. This leaves the insider owning 17,724 shares of the company worth $0.59 million. Insiders disposed of 42,830 shares of company stock worth roughly $1.44 million over the past 1 year. A total of 0.90% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in NRG stock. A new stake in NRG Energy Inc. shares was purchased by ASSENAGON ASSET MANAGEMENT S.A. during the first quarter worth $21,856,000. POINT72 HONG KONG LTD invested $4,086,000 in shares of NRG during the first quarter. In the first quarter, DUALITY ADVISERS, LP acquired a new stake in NRG Energy Inc. valued at approximately $3,795,000. KAYNE ANDERSON CAPITAL ADVISORS LP acquired a new stake in NRG for approximately $3,365,000. TRANSFORM WEALTH, LLC purchased a new stake in NRG valued at around $3,071,000 in the second quarter.
Monday morning saw NRG Energy Inc. (NYSE: NRG) opened at $33.60. During the past 12 months, NRG Energy Inc. has had a low of $30.64 and a high of $47.82. As of last week, the company has a debt-to-equity ratio of 1.57, a current ratio of 1.30, and a quick ratio of 1.30. The fifty day moving average price for NRG is $35.05 and a two-hundred day moving average price translates $39.45 for the stock.
The latest earnings results from NRG Energy Inc. (NYSE: NRG) was released for Jun, 2022. According to the Utilities – Independent Power Producers Company, earnings per share came in at $2.16, beating analysts’ expectations of $0.65 by 1.51. This compares to $6.60 EPS in the same period last year. The net profit margin was 6.10% and return on equity was 39.60% for NRG. The company reported revenue of $8.51 billion for the quarter, compared to $6.61 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 28.76 percent. For the current quarter, analysts expect NRG to generate $7.89B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 02/15/2023. Investors who held shares on 02/01/2023 were paid a $0.3775 dividend. On an annualized basis, this represents a $1.51 dividend and a 4.50% percent yield. There was an ex-dividend date of 01/31/2023 for this dividend. In terms of dividend payout ratio, NRG is presently at 17.40%.
NRG Energy Inc.(NRG) Company Profile
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. It generates electricity using natural gas, coal, oil, solar, nuclear, and battery storage. The company also provides system power, distributed generation, renewable products, backup generation, storage and distributed solar, demand response, and energy efficiency, and advisory services, as well as carbon management and specialty services; and on-site energy solutions. In addition, it trades in electric power, natural gas, and related commodities; environmental products; weather products; and financial products, including forwards, futures, options, and swaps. Further, the company procures fuels; provides transportation services; and directly sells energy, services, and products and services to retail customers under the NRG, Reliant, Direct Energy, Green Mountain Energy, Stream, and XOOM Energy. As of December 31, 2021, it owns and leases power generation portfolio with approximately 18,000 megawatts of capacity at 25 plants. NRG Energy, Inc. was founded in 1989 and is headquartered in Houston, Texas.
