NRG Energy (NYSE:NRG) Stock Price Passes Above 200 Day Moving Average - Should You Sell?

NRG Energy, Inc. (NYSE:NRG - Get Free Report) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 traded.

Wall Street Analysts Forecast Growth

NRG has been the topic of several recent analyst reports. Citigroup raised their price objective on shares of NRG Energy from $84.00 to $100.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Wells Fargo & Company raised their price target on NRG Energy from $130.00 to $140.00 and gave the company an "overweight" rating in a report on Monday, November 11th. BMO Capital Markets upped their price objective on NRG Energy from $94.00 to $100.00 and gave the stock a "market perform" rating in a research note on Tuesday, November 19th. Jefferies Financial Group raised NRG Energy from a "hold" rating to a "buy" rating and lifted their target price for the company from $93.00 to $113.00 in a research note on Tuesday, November 26th. Finally, Guggenheim upped their price target on NRG Energy from $77.00 to $118.00 and gave the stock a "buy" rating in a research note 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 company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $102.71.

NRG Energy Stock Performance

The firm has a market capitalization of $18.28 billion, a PE ratio of 22.67, a P/E/G ratio of 1.29 and a beta of 1.12. The business has a 50-day simple moving average of $93.53 and a 200-day simple moving average of $85.74. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10.

NRG Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were given a $0.4075 dividend. The ex-dividend date was Friday, November 1st. This represents a $1.63 dividend on an annualized basis and a yield of 1.81%. NRG Energy's dividend payout ratio is presently 40.95%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Ashton Thomas Securities LLC bought a new stake in shares of NRG Energy during the 3rd quarter worth approximately $26,000. Covestor Ltd boosted its stake in shares of NRG Energy by 74.7% during the third quarter. Covestor Ltd now owns 325 shares of the utilities provider's stock valued at $30,000 after purchasing an additional 139 shares during the period. Rothschild Investment LLC bought a new position in shares of NRG Energy in the second quarter worth about $32,000. Harbor Capital Advisors Inc. purchased a new position in NRG Energy in the 3rd quarter worth about $35,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new stake in NRG Energy during the 3rd quarter valued at about $36,000. Institutional investors 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.