NRG Energy (NYSE:NRG – Get Free Report) had its price objective raised by stock analysts at Morgan Stanley from $70.00 to $83.00 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the utilities provider’s stock. Morgan Stanley’s price target points to a potential downside of 1.01% from the stock’s previous close.
NRG has been the subject of several other reports. Citigroup raised their target price on NRG Energy from $52.00 to $62.00 and gave the company a “buy” rating in a research note on Friday, March 1st. Wells Fargo & Company lifted their price objective on NRG Energy from $100.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday, May 15th. BMO Capital Markets raised their price target on shares of NRG Energy from $73.00 to $82.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 8th. Evercore ISI upped their price target on shares of NRG Energy from $55.00 to $65.00 and gave the company an “in-line” rating in a report on Monday, March 18th. Finally, StockNews.com raised shares of NRG Energy from a “sell” rating to a “hold” rating in a report on Wednesday, March 6th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, NRG Energy has an average rating of “Hold” and a consensus price target of $68.00.
NRG Energy Trading Down 2.5 %
NYSE NRG traded down $2.15 during mid-day trading on Tuesday, hitting $83.85. The company’s stock had a trading volume of 3,146,533 shares, compared to its average volume of 3,668,194. The company has a debt-to-equity ratio of 3.61, a current ratio of 1.01 and a quick ratio of 0.95. NRG Energy has a 52-week low of $31.68 and a 52-week high of $87.58. The stock’s fifty day simple moving average is $74.51 and its two-hundred day simple moving average is $59.86. The firm has a market capitalization of $17.48 billion, a P/E ratio of 11.99 and a beta of 1.11.
NRG Energy (NYSE:NRG – Get Free Report) last issued its earnings results on Tuesday, May 7th. The utilities provider reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.12). NRG Energy had a net margin of 5.76% and a return on equity of 42.60%. Research analysts expect that NRG Energy will post 5.46 EPS for the current year.
Insider Buying and Selling
In other NRG Energy news, VP Rasesh M. Patel sold 49,092 shares of NRG Energy stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $62.59, for a total value of $3,072,668.28. Following the completion of the transaction, the vice president now directly owns 356,962 shares in the company, valued at $22,342,251.58. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Rasesh M. Patel sold 24,546 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $83.41, for a total transaction of $2,047,381.86. Following the completion of the transaction, the insider now owns 266,064 shares in the company, valued at $22,192,398.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Rasesh M. Patel sold 49,092 shares of NRG Energy stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $62.59, for a total transaction of $3,072,668.28. Following the completion of the sale, the vice president now owns 356,962 shares in the company, valued at $22,342,251.58. The disclosure for this sale can be found here. 0.61% of the stock is owned by company insiders.
Hedge Funds Weigh In On NRG Energy
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. First Trust Direct Indexing L.P. lifted its holdings in NRG Energy by 2.8% in the 1st quarter. First Trust Direct Indexing L.P. now owns 5,813 shares of the utilities provider’s stock valued at $393,000 after acquiring an additional 161 shares during the last quarter. Kingswood Wealth Advisors LLC boosted its holdings in NRG Energy by 0.8% during the first quarter. Kingswood Wealth Advisors LLC now owns 23,267 shares of the utilities provider’s stock worth $1,575,000 after buying an additional 174 shares in the last quarter. Czech National Bank grew its position in NRG Energy by 0.5% in the first quarter. Czech National Bank now owns 39,723 shares of the utilities provider’s stock worth $2,689,000 after buying an additional 181 shares during the last quarter. Savant Capital LLC increased its holdings in shares of NRG Energy by 1.7% in the fourth quarter. Savant Capital LLC now owns 12,749 shares of the utilities provider’s stock valued at $659,000 after buying an additional 212 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of NRG Energy by 35.4% during the 4th quarter. Blue Trust Inc. now owns 865 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 226 shares in the last quarter. 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.