NRG Energy (NYSE:NRG) Receives New Coverage from Analysts at Jefferies Financial Group

Jefferies Financial Group initiated coverage on shares of NRG Energy (NYSE:NRG) in a research note released on Friday, Marketbeat.com reports. The firm issued a hold rating and a $82.00 price objective on the utilities provider’s stock.

Several other research firms also recently issued reports on NRG. Wells Fargo & Company upped their price objective on shares of NRG Energy from $110.00 to $120.00 and gave the stock an overweight rating in a report on Thursday, September 5th. StockNews.com lowered NRG Energy from a buy rating to a hold rating in a research note on Monday, September 2nd. Finally, Morgan Stanley increased their target price on NRG Energy from $70.00 to $83.00 and gave the company an equal weight rating in a research note on Tuesday, May 28th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average target price of $73.75.

NRG Energy Trading Up 1.6 %

NRG Energy stock opened at $81.04 on Friday. NRG Energy has a one year low of $36.61 and a one year high of $87.58. The company’s fifty day moving average price is $78.27 and its two-hundred day moving average price is $75.38. The company has a debt-to-equity ratio of 3.51, a current ratio of 1.18 and a quick ratio of 1.11. The company has a market capitalization of $16.89 billion, a price-to-earnings ratio of 11.48 and a beta of 1.10.

NRG Energy (NYSE:NRG) last issued its quarterly earnings data on Thursday, August 8th. The utilities provider reported $3.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $1.82. The business had revenue of $6.66 billion for the quarter, compared to the consensus estimate of $8.32 billion. NRG Energy had a return on equity of 43.69% and a net margin of 7.19%. During the same period last year, the business earned $1.10 EPS. The firm’s revenue was up 4.9% compared to the same quarter last year. On average, analysts forecast that NRG Energy will post 4.45 earnings per share for the current fiscal year.

NRG Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were paid a $0.4075 dividend. The ex-dividend date was Thursday, August 1st. This represents a $1.63 dividend on an annualized basis and a dividend yield of 2.01%. NRG Energy’s payout ratio is 23.09%.

Institutional Investors Weigh In On NRG Energy

Several institutional investors and hedge funds have recently bought and sold shares of NRG. LifeSteps Financial Inc. acquired a new stake in shares of NRG Energy during the 1st quarter valued at about $31,000. Rothschild Investment LLC acquired a new stake in NRG Energy during the second quarter valued at approximately $32,000. Mather Group LLC. bought a new stake in shares of NRG Energy in the 1st quarter valued at approximately $33,000. First Horizon Advisors Inc. raised its holdings in shares of NRG Energy by 76.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 442 shares of the utilities provider’s stock worth $34,000 after buying an additional 191 shares in the last quarter. Finally, Crewe Advisors LLC bought a new position in shares of NRG Energy during the 1st quarter worth approximately $36,000. Institutional investors own 97.72% of the company’s stock.

About NRG Energy

NRG Energy, Inc, together with its subsidiaries, operates as an energy and home services company in the United States and Canada. It operates through Texas; East; West/Services/Other; Vivint Smart Home; and Corporate Activities segments. The company produces and sells electricity generated using coal, oil, solar, and battery storage; natural gas; and a cloud-based home platform, including hardware, software, sales, installation, customer service, technical support, and professional monitoring solutions.