NRG Energy (NYSE:NRG) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

NRG Energy, Inc. (NYSE:NRG) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $85.66 and traded as high as $92.38. NRG Energy shares last traded at $90.22, with a volume of 3,460,018 shares changing hands.

Wall Street Analysts Forecast Growth

NRG has been the subject of several research reports. Jefferies Financial Group raised shares of NRG Energy from a “hold” rating to a “buy” rating and increased their price objective for the company from $93.00 to $113.00 in a research note on Tuesday, November 26th. Wells Fargo & Company raised their price objective on NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Citigroup increased their target price on NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. BMO Capital Markets upped their price objective on NRG Energy from $94.00 to $100.00 and gave the company a “market perform” rating in a research note on Tuesday, November 19th. Finally, Guggenheim lifted their target price on shares of NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, NRG Energy has a consensus rating of “Moderate Buy” and a consensus target price of $102.71.

NRG Energy Stock Up 2.8 %

The stock’s 50-day moving average price is $93.58 and its 200-day moving average price is $85.77. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. The stock has a market cap of $18.79 billion, a price-to-earnings ratio of 23.30, a P/E/G ratio of 1.29 and a beta of 1.12.

NRG Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a dividend of $0.4075 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.63 dividend on an annualized basis and a yield of 1.76%. NRG Energy’s dividend payout ratio (DPR) is currently 40.95%.

Institutional Investors Weigh In On NRG Energy

Several large investors have recently added to or reduced their stakes in the business. Pine Valley Investments Ltd Liability Co increased its stake in NRG Energy by 25.1% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 50,027 shares of the utilities provider’s stock valued at $4,557,000 after purchasing an additional 10,031 shares in the last quarter. Luxor Capital Group LP grew its stake in shares of NRG Energy by 47.8% in the 3rd quarter. Luxor Capital Group LP now owns 520,591 shares of the utilities provider’s stock valued at $47,426,000 after buying an additional 168,267 shares during the period. Bank of Hawaii increased its position in NRG Energy by 95.5% in the 3rd quarter. Bank of Hawaii now owns 15,685 shares of the utilities provider’s stock valued at $1,429,000 after buying an additional 7,662 shares in the last quarter. DRW Securities LLC raised its stake in NRG Energy by 181.5% during the 3rd quarter. DRW Securities LLC now owns 11,913 shares of the utilities provider’s stock worth $1,085,000 after buying an additional 7,681 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its holdings in NRG Energy by 29.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 236,734 shares of the utilities provider’s stock worth $21,566,000 after acquiring an additional 54,165 shares in the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.

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.