NRG Energy (NYSE:NRG) Stock Price Down 2.1%

NRG Energy, Inc. (NYSE:NRG - Get Free Report)'s share price traded down 2.1% during trading on Monday . The stock traded as low as $81.67 and last traded at $81.87. 435,194 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 3,666,117 shares. The stock had previously closed at $83.65.

Analyst Upgrades and Downgrades

NRG has been the topic of a number of analyst reports. BMO Capital Markets lifted their price objective on shares of NRG Energy from $73.00 to $82.00 and gave the stock a "market perform" rating in a report on Wednesday, May 8th. Citigroup upped their price objective on shares of NRG Energy from $52.00 to $62.00 and gave the stock a "buy" rating in a research report on Friday, March 1st. Wells Fargo & Company lifted their target price on shares of NRG Energy from $85.00 to $100.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 8th. Evercore ISI upped their target price on NRG Energy from $55.00 to $65.00 and gave the company an "in-line" rating in a report on Monday, March 18th. Finally, Morgan Stanley lifted their price target on NRG Energy from $51.00 to $63.00 and gave the stock an "equal weight" rating in a report on Tuesday, March 26th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $64.25.

NRG Energy Trading Down 1.4 %

The company has a quick ratio of 0.95, a current ratio of 1.01 and a debt-to-equity ratio of 3.61. The firm has a 50 day moving average of $70.31 and a 200 day moving average of $57.13. The firm has a market cap of $17.19 billion, a PE ratio of 11.68 and a beta of 1.11.

NRG Energy (NYSE:NRG - Get Free Report) last issued its quarterly earnings results on Wednesday, February 28th. The utilities provider reported $1.14 EPS for the quarter, beating analysts' consensus estimates of $0.94 by $0.20. NRG Energy had a return on equity of 42.60% and a net margin of 5.76%. The firm had revenue of $6.81 billion for the quarter, compared to analysts' expectations of $7.51 billion. Equities analysts anticipate that NRG Energy, Inc. will post 5.46 earnings per share for the current year.

NRG Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a $0.4075 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $1.63 annualized dividend and a dividend yield of 1.98%. NRG Energy's payout ratio is 23.09%.

Insider Activity at NRG Energy

In related news, VP Rasesh M. Patel sold 49,092 shares of NRG Energy stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $62.59, for a total value of $3,072,668.28. Following the completion of the transaction, the vice president now directly owns 356,962 shares in the company, valued at approximately $22,342,251.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.61% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On NRG Energy

Large investors have recently made changes to their positions in the stock. LifeSteps Financial Inc. bought a new stake in NRG Energy during the 1st quarter worth approximately $31,000. Mather Group LLC. bought a new position in shares of NRG Energy in the first quarter worth $33,000. Authentikos Wealth Advisory LLC purchased a new stake in shares of NRG Energy in the third quarter worth $41,000. CENTRAL TRUST Co boosted its stake in NRG Energy by 1,005.5% during the fourth quarter. CENTRAL TRUST Co now owns 807 shares of the utilities provider's stock valued at $42,000 after buying an additional 734 shares during the period. Finally, Blue Trust Inc. grew its position in NRG Energy by 35.4% during the fourth quarter. Blue Trust Inc. now owns 865 shares of the utilities provider's stock worth $45,000 after buying an additional 226 shares in the last quarter. 97.72% of the stock is owned by institutional investors.

NRG Energy Company Profile

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.