NRG Energy (NYSE:NRG – Get Free Report) had its price target raised by stock analysts at Wells Fargo & Company from $78.00 to $85.00 in a report issued on Monday, Benzinga reports. The firm presently has an “overweight” rating on the utilities provider’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 25.11% from the stock’s current price.
Several other brokerages have also issued reports on NRG. Evercore ISI lifted their target price on shares of NRG Energy from $55.00 to $65.00 and gave the company an “in-line” rating in a research report on Monday, March 18th. Citigroup boosted their price target on shares of NRG Energy from $52.00 to $62.00 and gave the company a “buy” rating in a research note on Friday, March 1st. StockNews.com raised shares of NRG Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, March 6th. BMO Capital Markets boosted their price target on shares of NRG Energy from $58.00 to $59.00 and gave the stock a “market perform” rating in a report on Thursday, February 29th. Finally, TheStreet upgraded shares of NRG Energy from a “c+” rating to a “b” rating in a report on Friday, December 29th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $56.75.
Check Out Our Latest Analysis on NRG
NRG Energy Trading Up 1.1 %
NRG Energy stock traded up $0.77 during midday trading on Monday, reaching $67.94. The stock had a trading volume of 1,514,058 shares, compared to its average volume of 3,648,233. The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 4.49. NRG Energy has a 52-week low of $30.52 and a 52-week high of $68.57. The firm has a market cap of $14.59 billion, a price-to-earnings ratio of -62.78, a price-to-earnings-growth ratio of 0.32 and a beta of 1.11. The company has a fifty day moving average of $55.90 and a 200 day moving average of $48.67.
NRG Energy (NYSE:NRG – Get Free Report) last released its quarterly earnings data on Wednesday, February 28th. The utilities provider reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.20. The firm had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $7.51 billion. NRG Energy had a negative net margin of 0.70% and a positive return on equity of 44.03%. On average, analysts anticipate that NRG Energy will post 5.69 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, VP Rasesh M. Patel sold 49,092 shares of the 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 transaction, the vice president now directly owns 356,962 shares in the company, valued at approximately $22,342,251.58. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.86% of the stock is owned by corporate insiders.
Institutional Trading of NRG Energy
A number of hedge funds have recently made changes to their positions in the stock. Coppell Advisory Solutions Corp. acquired a new position in NRG Energy in the fourth quarter worth $25,000. Coppell Advisory Solutions LLC acquired a new position in shares of NRG Energy during the second quarter valued at $37,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of NRG Energy by 4,030.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,239 shares of the utilities provider’s stock valued at $39,000 after acquiring an additional 1,209 shares during the period. Authentikos Wealth Advisory LLC bought a new stake in shares of NRG Energy during the third quarter valued at about $41,000. Finally, CENTRAL TRUST Co raised its stake in shares of NRG Energy by 1,005.5% during the fourth quarter. CENTRAL TRUST Co now owns 807 shares of the utilities provider’s stock valued at $42,000 after purchasing an additional 734 shares in the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.
About NRG Energy
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.
Recommended Stories
Before you consider NRG Energy, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and NRG Energy wasn’t on the list.
While NRG Energy currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
Do you expect the global demand for energy to shrink?! If not, it’s time to take a look at how energy stocks can play a part in your portfolio.
Source: marketbeat.com
