NRG Energy, Inc. (NRG) Debt Trading 1% Lower

An issue of NRG Energy, Inc. (NYSE:NRG) debt fell 1% against its face value during trading on Monday. The debt issue has a 6.25% coupon and will mature on May 1, 2024. The debt is now trading at $99.13 and was trading at $101.50 last week. Price moves in a company’s debt in credit markets sometimes predict parallel moves in its stock price.

A number of brokerages have weighed in on NRG. Citigroup Inc. upgraded NRG Energy from a “sell” rating to a “neutral” rating and set a $11.00 price objective for the company in a research note on Monday, November 7th. Zacks Investment Research cut NRG Energy from a “buy” rating to a “hold” rating in a research note on Friday, November 11th. Morgan Stanley reiterated an “overweight” rating on shares of NRG Energy in a research note on Wednesday, December 21st. Barclays PLC boosted their price objective on NRG Energy from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, January 20th. Finally, TheStreet upgraded NRG Energy from a “d+” rating to a “c-” rating in a research note on Wednesday, February 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $15.33.

NRG Energy, Inc. (NYSE:NRG) opened at 16.79 on Wednesday. The company’s 50-day moving average price is $15.14 and its 200-day moving average price is $12.61. NRG Energy, Inc. has a one year low of $9.76 and a one year high of $18.32. The firm’s market cap is $5.30 billion.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 15th. Shareholders of record on Wednesday, February 1st will be paid a dividend of $0.03 per share. The ex-dividend date is Monday, January 30th. This represents a $0.12 dividend on an annualized basis and a yield of 0.71%. NRG Energy’s dividend payout ratio (DPR) is presently -0.66%.

A number of large investors have recently modified their holdings of the stock. Carlson Capital L P raised its stake in shares of NRG Energy by 19.5% in the second quarter. Carlson Capital L P now owns 12,646,138 shares of the company’s stock worth $189,566,000 after buying an additional 2,064,740 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in NRG Energy by 5.7% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 11,966,739 shares of the company’s stock worth $134,147,000 after buying an additional 648,116 shares in the last quarter. Janus Capital Management LLC increased its position in NRG Energy by 23.7% in the fourth quarter. Janus Capital Management LLC now owns 6,809,687 shares of the company’s stock worth $83,517,000 after buying an additional 1,306,675 shares in the last quarter. BlackRock Fund Advisors increased its position in NRG Energy by 3.1% in the third quarter. BlackRock Fund Advisors now owns 5,482,361 shares of the company’s stock worth $61,457,000 after buying an additional 166,028 shares in the last quarter. Finally, Northern Trust Corp increased its position in NRG Energy by 1.8% in the third quarter. Northern Trust Corp now owns 3,788,668 shares of the company’s stock worth $42,470,000 after buying an additional 68,655 shares in the last quarter. Hedge funds and other institutional investors own 91.90% of the company’s stock.

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NRG Energy Company Profile

NRG Energy, Inc (NRG) is an integrated power company that produces, sells and delivers energy, and energy products and services in various power markets in the United States. The Company’s segments include NRG Business, which includes power generation, the carbon capture business and energy services; NRG Home, which includes NRG Home Retail, which consists of residential retail services and products, and NRG Home Solar, which includes the installation and leasing of residential solar services; NRG Renew, which includes solar and wind assets, excluding those in the NRG Yield and NRG Home Solar segments; NRG Yield, and corporate activities.

5 Day Chart for NYSE:NRG

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