NRG Energy (NYSE:NRG – Get Rating) had its price objective increased by equities researchers at Bank of America to $43.00 in a report released on Friday, The Fly reports. Bank of America‘s price objective would suggest a potential upside of 20.72% from the stock’s previous close.
Several other equities analysts have also recently weighed in on the company. StockNews.com started coverage on NRG Energy in a report on Thursday, May 18th. They set a “sell” rating on the stock. Morgan Stanley lifted their price objective on NRG Energy from $39.00 to $40.00 and gave the company an “equal weight” rating in a report on Thursday, April 20th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, NRG Energy has an average rating of “Hold” and an average price target of $43.00.
NRG Energy Trading Up 2.0 %
NRG traded up $0.70 during midday trading on Friday, reaching $35.62. 1,203,705 shares of the company were exchanged, compared to its average volume of 4,464,023. The company has a debt-to-equity ratio of 4.66, a quick ratio of 0.92 and a current ratio of 0.99. NRG Energy has a one year low of $30.25 and a one year high of $45.80. The stock has a market capitalization of $8.20 billion, a P/E ratio of -4.49 and a beta of 1.03. The stock’s 50-day simple moving average is $33.64 and its 200 day simple moving average is $33.34.
NRG Energy (NYSE:NRG – Get Rating) last issued its earnings results on Thursday, May 4th. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.04). NRG Energy had a positive return on equity of 17.12% and a negative net margin of 5.90%. The company had revenue of $7.72 billion for the quarter, compared to the consensus estimate of $8.11 billion. As a group, analysts forecast that NRG Energy will post 4.55 earnings per share for the current fiscal year.
Institutional Investors Weigh In On NRG Energy
Hedge funds and other institutional investors have recently bought and sold shares of the company. Coppell Advisory Solutions Corp. acquired a new stake in NRG Energy in the 4th quarter valued at approximately $25,000. Trust Co. of Vermont acquired a new position in shares of NRG Energy during the 1st quarter worth approximately $26,000. Proficio Capital Partners LLC acquired a new position in shares of NRG Energy during the 1st quarter worth approximately $29,000. OLD Mission Capital LLC acquired a new position in shares of NRG Energy during the 4th quarter worth approximately $31,000. Finally, West Oak Capital LLC increased its position in shares of NRG Energy by 233.3% during the 1st quarter. West Oak Capital LLC now owns 1,000 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 700 shares during the last quarter. Institutional investors and hedge funds own 98.27% of the company’s stock.
About NRG Energy
NRG Energy, Inc, together with its subsidiaries, operates as an integrated power company in the United States. It operates through Texas, East, and West segments. The company is involved in producing and selling electricity and related products and services to approximately residential, commercial, industrial, and wholesale customers.
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