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Wednesday, February 1, 2023

NRG Energy Inc. (NRG): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for NRG Energy Inc. (NRG) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.19, or 0.59%, to $32.34. The NRG Energy Inc. has recorded 269,017 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Our 2022 Day of Understanding Recap.

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Stocks Info

This NYSE-listed company operates within the Utilities – Independent Power Producers industry segment, falling under the Utilities sector. At the end of the last regular session, the stock closed at $32.15 and fluctuated between $32.39 as its day high and $31.91 as its day low. The current market capitalization of NRG Energy Inc. is $7.58B. A total of 3.15 million shares were traded on the day, compared to an average of 3.64M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, NRG has seen 16 BUY and 0 SELL insider trades, representing the acquisition of 4,251 and the disposition of 0 shares. Over the last 12 months, there were 72 BUYs and 7 SELLs from insiders. Insiders purchased 61,005 shares during that period but sold 4,191.

In the most recent transaction, HOBBY PAUL W bought 3,500 shares of NRG for 31.37 per share on Dec 16. After the transaction, the Director now owns 89,320 company shares. In a previous transaction on Dec 16, Donohue Elisabeth B bought 2,500 shares at 31.32 per share. NRG shares that Director owns now total 17,724.

Among the insiders who bought shares, Cox Heather acquired of 1,571 shares on Dec 16 at a per-share price of $31.32. This resulted in the Director holding 30,846 shares of NRG after the transaction. In another insider transaction, Carrillo Antonio bought 9,000 shares at $31.71 per share on Dec 15. Company shares held by the Director now total 27,446.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. NRG Energy Inc. pays an annual dividend of $1.40, resulting in a dividend yield of 4.35%, and it has a price to earnings (P/E) ratio of 4.08. NRG’s most recent ex-dividend date was 10/31/2022 when it declared a $0.35 quarterly dividend that was paid in cash on 11/15/2022. Previously, the company paid the dividend on 8/15/2022 with an ex-dividend date of 7/29/2022. The NRG stock dividend was $0.35 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for NRG in the last 3 months, the mean price target is $38.14 with high estimates of $43.00 and low estimates of $30.00. In terms of 52-week highs and lows, NRG has a high of $47.82 and a low of $30.64.

As of this writing, NRG has an earnings estimate of $1.69 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $2.21 per share and a lower estimate of $0.85. The company reported an EPS of $7.17 in the last quarter, which was 1,095.00% higher than expectations of $0.6.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 9 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for NRG is Overweight with a score of 3.33. A total of 1 analysts rated the stock as Buy while 0 rated it as Overweight while 7 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 1 thought it should be Sold.

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