Morgan Stanley set a $46.00 price target on NRG Energy (NYSE:NRG) in a research note published on Thursday, TipRanks reports. The brokerage currently has a hold rating on the utilities provider’s stock.

Other analysts also recently issued research reports about the stock. Macquarie set a $48.00 price objective on shares of NRG Energy and gave the company a buy rating in a research report on Friday, March 1st. ValuEngine raised shares of NRG Energy from a hold rating to a buy rating in a research report on Thursday, March 7th. Zacks Investment Research raised shares of NRG Energy from a hold rating to a buy rating and set a $45.00 price target for the company in a research report on Wednesday, January 23rd. Citigroup raised their price target on shares of NRG Energy from $47.00 to $49.00 and gave the stock a buy rating in a research report on Thursday, April 11th. Finally, Deutsche Bank set a $43.00 price target on shares of NRG Energy and gave the stock a hold rating in a research report on Friday, March 1st. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $44.14.

Shares of NYSE:NRG opened at $35.58 on Thursday. NRG Energy has a 52-week low of $29.90 and a 52-week high of $43.66. The company has a market capitalization of $9.51 billion, a price-to-earnings ratio of 14.76 and a beta of 0.75.

NRG Energy (NYSE:NRG) last issued its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.05). NRG Energy had a net margin of 4.64% and a negative return on equity of 125.35%. The firm had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same period last year, the business earned $0.87 EPS. The firm’s revenue was up 4.8% compared to the same quarter last year. Equities research analysts forecast that NRG Energy will post 4.11 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date of this dividend was Tuesday, April 30th. NRG Energy’s payout ratio is currently 4.98%.

In other news, SVP David Callen sold 41,011 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $41.83, for a total transaction of $1,715,490.13. Following the completion of the sale, the senior vice president now owns 58,130 shares of the company’s stock, valued at $2,431,577.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.56% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in NRG. Global Retirement Partners LLC acquired a new position in NRG Energy in the first quarter worth $31,000. Oregon Public Employees Retirement Fund boosted its holdings in NRG Energy by 3,810.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,282,327 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 1,249,537 shares during the period. Advisors Preferred LLC acquired a new position in NRG Energy in the first quarter worth $52,000. Sterling Investment Advisors Ltd. boosted its holdings in NRG Energy by 202.8% in the fourth quarter. Sterling Investment Advisors Ltd. now owns 1,493 shares of the utilities provider’s stock worth $59,000 after purchasing an additional 1,000 shares during the period. Finally, Macquarie Group Ltd. boosted its holdings in NRG Energy by 320.0% in the fourth quarter. Macquarie Group Ltd. now owns 2,100 shares of the utilities provider’s stock worth $83,000 after purchasing an additional 1,600 shares during the period. 97.24% of the stock is owned by institutional investors and hedge funds.

NRG Energy Company Profile

NRG Energy, Inc, together with its subsidiaries, operates as an energy company in the United States. The company is involved in the producing, selling, and delivering electricity and related products and services to 3.1 million residential, industrial, and commercial consumers. It generates electricity using natural gas, coal, oil, solar, nuclear, wind, fossil fuel, and nuclear sources.

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Analyst Recommendations for NRG Energy (NYSE:NRG)

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