NRG Energy (NYSE:NRG) Stock Gets Price Target Cut from Wells Fargo & Company

NRG Energy (NYSE:NRG) had its price target trimmed by Wells Fargo & Company from $209.00 to $182.00 in a research note published on Wednesday,Benzinga reports. The brokerage currently has an overweight rating on the utilities provider’s stock.

A number of other equities research analysts have also weighed in on the company. Seaport Research Partners set a $160.00 target price on NRG Energy in a research note on Monday, October 19th. Williams Trading set a $165.00 price target on NRG Energy in a research report on Wednesday, October 21st. UBS Group restated a “strong-buy” rating and set a $152.00 price target on shares of NRG Energy in a research report on Wednesday, October 21st. Morgan Stanley decreased their price target on NRG Energy from $159.00 to $144.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 21st. Finally, Jefferies Financial Group set a $131.00 price objective on NRG Energy in a research report on Monday, October 19th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, NRG Energy presently has an average rating of “Moderate Buy” and a consensus price target of $173.56.

NRG Energy Price Performance

Shares of NYSE:NRG opened at $95.91 on Wednesday. The company has a quick ratio of 0.89, a current ratio of 0.97 and a debt-to-equity ratio of 5.17. The stock has a market cap of $20.24 billion, a PE ratio of 25.37 and a beta of 1.17. The company’s fifty day moving average is $104.54 and its 200 day moving average is $135.30. NRG Energy has a 52 week low of $90.80 and a 52 week high of $189.96.

NRG Energy (NYSE:NRG) last posted its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.69 by ($0.20). NRG Energy had a net margin of 2.56% and a return on equity of 52.95%. The business had revenue of $7.48 billion for the quarter, compared to analysts’ expectations of $7.31 billion. During the same quarter in the previous year, the company earned $1.73 earnings per share. The business’s quarterly 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 anticipate that NRG Energy will post 8.62 earnings per share for the current year.

NRG Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Monday, November 2nd will be given a $0.4750 dividend. The ex-dividend date of this dividend is Monday, November 2nd. This represents a $1.90 dividend on an annualized basis and a dividend yield of 2.0%. NRG Energy’s dividend payout ratio is currently 50.26%.

Insider Buying and Selling

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

Hedge Funds Weigh In On NRG Energy

Large investors have recently made changes to their positions in the business. Foster & Motley Inc. bought a new stake in NRG Energy during the second quarter valued at about $2,014,000. Tema ETFs LLC lifted its position in shares of NRG Energy by 1,481.8% in the second quarter. Tema ETFs LLC now owns 59,745 shares of the utilities provider’s stock valued at $8,726,000 after acquiring an additional 55,968 shares in the last quarter. Oliver Luxxe Assets LLC purchased a new position in shares of NRG Energy in the second quarter valued at about $6,456,000. Oaktree Capital Management LP bought a new position in shares of NRG Energy in the first quarter worth about $7,165,000. Finally, Sei Investments Co. boosted its stake in shares of NRG Energy by 50.4% in the first quarter. Sei Investments Co. now owns 857,186 shares of the utilities provider’s stock worth $125,268,000 after acquiring an additional 287,381 shares during the period. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

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.