The stock of NRG Energy Inc. (NYSE:NRG) last traded at $37.22, up 1.20% from the previous session.
As we calculate the median target price by taking the range between a high of $46.00 and a low of $33.00, we find $40.00. Given the previous closing price of $36.78, this indicates a potential upside of 8.75 percent. NRG stock price is now 2.95% away from the 50-day moving average and 4.82% away from the 200-day moving average. The market capitalization of the company currently stands at $8.60B.
Brokers who have rated the stock have averaged $40.57 as their price target over the next twelve months.
With the price target enhanced from $35 to $36, BofA Securities Upgraded its rating from Neutral to Buy for NRG Energy Inc. (NYSE: NRG).
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 $3.32 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 $0.66 million. Insiders disposed of 95,683 shares of company stock worth roughly $3.56 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 $108,455,000. BRANDYWINE GLOBAL INVESTMENT MANAGEMENT, LLC invested $106,530,000 in shares of NRG during the first quarter. In the first quarter, SHELTON CAPITAL MANAGEMENT acquired a new stake in NRG Energy Inc. valued at approximately $10,395,000. EMPLOYEES RETIREMENT SYSTEM OF TEXAS acquired a new stake in NRG for approximately $6,721,000. JUMP FINANCIAL, LLC purchased a new stake in NRG valued at around $6,173,000 in the second quarter. In total, there are 798 active investors with 102.51% ownership of the company’s stock.
With an opening price of $37.00 on Wednesday morning, NRG Energy Inc. (NYSE: NRG) set off the trading day. During the past 12 months, NRG Energy Inc. has had a low of $30.25 and a high of $45.80. As of last week, the company has a debt-to-equity ratio of 5.06, a current ratio of 1.00, and a quick ratio of 0.90. The fifty day moving average price for NRG is $36.22 and a two-hundred day moving average price translates $35.49 for the stock.
The latest earnings results from NRG Energy Inc. (NYSE: NRG) was released for Jun, 2023. According to the Utilities – Independent Power Producers Company, earnings per share came in at $1.25, missing analysts’ expectations of $2.47 by -1.22. This compares to $2.16 EPS in the same period last year. The net profit margin was -5.90% and return on equity was -44.40% for NRG. The company reported revenue of $6.35 billion for the quarter, compared to $7.28 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -12.83 percent. For the current quarter, analysts expect NRG to generate $9.41B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 08/15/2023. Investors who held shares on 08/01/2023 were paid a $0.3775 dividend. On an annualized basis, this represents a $1.51 dividend and a 4.06% percent yield. There was an ex-dividend date of 07/31/2023 for this dividend. In terms of dividend payout ratio, NRG is presently at 27.35%.
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 segments. The company is involved in producing and selling electricity and related products and services to approximately 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. 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; and sells energy, services, and products and services under the NRG, Reliant, Direct Energy, Green Mountain Energy, Stream, and XOOM Energy. NRG Energy, Inc. was founded in 1989 and is headquartered in Houston, Texas.
