NRG Energy (NYSE:NRG) Hits New 52-Week Low – What’s Next?

Shares of NRG Energy, Inc. (NYSE:NRG) hit a new 52-week low during trading on Friday. The company traded as low as $90.84 and last traded at $91.7480, with a volume of 284,070 shares trading hands. The stock had previously closed at $94.38.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Wells Fargo & Company boosted their price target on NRG Energy from $203.00 to $209.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. HSBC assumed coverage on NRG Energy in a research note on Thursday. They issued a “buy” rating and a $179.00 price target on the stock. Williams Trading set a $165.00 price target on NRG Energy in a report on Wednesday. Morgan Stanley reduced their price objective on shares of NRG Energy from $159.00 to $144.00 and set an “equal weight” rating for the company in a research report on Wednesday. Finally, Siebert Williams Shank assumed coverage on shares of NRG Energy in a research report on Monday, July 6th. They issued a “buy” rating and a $184.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, NRG Energy currently has a consensus rating of “Moderate Buy” and an average target price of $183.20.

NRG Energy Price Performance

The company’s 50-day simple moving average is $107.48 and its 200-day simple moving average is $128.10. The company has a debt-to-equity ratio of 5.17, a current ratio of 0.97 and a quick ratio of 0.89. The stock has a market capitalization of $19.64 billion, a price-to-earnings ratio of 24.69 and a beta of 1.17.

NRG Energy (NYSE:NRG) last issued its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.20). NRG Energy had a return on equity of 52.95% and a net margin of 2.56%. The firm had revenue of $7.48 billion for the quarter, compared to the consensus estimate of $7.31 billion. During the same quarter in the prior year, the firm earned $1.73 EPS. The company’s revenue was up 11.0% on a year-over-year basis. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. Research analysts forecast that NRG Energy, Inc. will post 8.53 earnings per share for the current fiscal year.

NRG Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Monday, November 2nd will be issued a dividend of $0.4750 per share. This represents a $1.90 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Monday, November 2nd. NRG Energy’s dividend payout ratio (DPR) is presently 50.26%.

Insider Transactions at NRG Energy

In related news, CAO Gerald Alfred Spencer sold 1,580 shares of the business’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $120.93, for a total value of $191,069.40. Following the completion of the sale, the chief accounting officer directly owned 6,213 shares in the company, valued at $751,338.09. The trade was a 20.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is owned by company insiders.

Institutional Investors Weigh In On NRG Energy

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Foster & Motley Inc. bought a new stake in shares of NRG Energy in the second quarter valued at about $2,014,000. Tema ETFs LLC boosted its holdings in NRG Energy by 1,481.8% in the 2nd quarter. Tema ETFs LLC now owns 59,745 shares of the utilities provider’s stock valued at $8,726,000 after purchasing an additional 55,968 shares during the period. Oliver Luxxe Assets LLC acquired a new position in shares of NRG Energy during the 2nd quarter worth approximately $6,456,000. Border to Coast Pensions Partnership Ltd grew its position in shares of NRG Energy by 60.1% during the 1st quarter. Border to Coast Pensions Partnership Ltd now owns 372,371 shares of the utilities provider’s stock worth $54,585,000 after purchasing an additional 139,748 shares in the last quarter. Finally, Oaktree Capital Management LP acquired a new position in shares of NRG Energy during the 1st quarter worth approximately $7,165,000. Institutional investors and hedge funds own 97.72% of the company’s stock.

About NRG Energy

NRG Energy, Inc is an integrated power and home services company headquartered in Houston, Texas. The company produces and sells electricity through a diverse generation portfolio that includes natural gas, coal, nuclear power, renewable energy and battery storage. NRG serves wholesale and retail energy markets, with operations and customers primarily in the United States and Canada.

Through retail brands including Reliant and Direct Energy, NRG provides electricity, natural gas and related energy products to residential, commercial and industrial customers.