NRG Energy (NYSE:NRG) Price Target Raised to $145.00

NRG Energy (NYSE:NRG) had its price target raised by equities research analysts at Guggenheim from $134.00 to $145.00 in a report released on Thursday,Benzinga reports. The firm presently has a “buy” rating on the utilities provider’s stock. Guggenheim’s price target indicates a potential upside of 32.13% from the company’s current price.

NRG has been the topic of a number of other reports. Morgan Stanley upped their target price on shares of NRG Energy from $86.00 to $99.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 19th. Wells Fargo & Company increased their price objective on NRG Energy from $140.00 to $165.00 and gave the stock an “overweight” rating in a research note on Thursday. Citigroup lifted their target price on NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. BMO Capital Markets increased their price target on NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 19th. Finally, Jefferies Financial Group upgraded NRG Energy from a “hold” rating to a “buy” rating and lifted their price objective for the company from $93.00 to $113.00 in a report on Tuesday, November 26th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $121.14.

NRG Energy Trading Down 3.2 %

Shares of NYSE NRG traded down $3.59 during mid-day trading on Thursday, reaching $109.74. The company had a trading volume of 1,262,515 shares, compared to its average volume of 2,993,233. The stock has a market cap of $22.23 billion, a price-to-earnings ratio of 27.45, a price-to-earnings-growth ratio of 1.01 and a beta of 1.15. NRG Energy has a 52 week low of $52.96 and a 52 week high of $117.26. The business’s 50-day moving average is $101.48 and its 200-day moving average is $93.37. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57.

Insider Buying and Selling at NRG Energy

In other news, CFO Bruce Chung sold 20,000 shares of the company’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $97.63, for a total transaction of $1,952,600.00. Following the transaction, the chief financial officer now directly owns 69,454 shares of the company’s stock, valued at approximately $6,780,794.02. This represents a 22.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Robert J. Gaudette sold 60,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $91.41, for a total value of $5,484,600.00. Following the completion of the sale, the vice president now directly owns 64,448 shares of the company’s stock, valued at $5,891,191.68. The trade was a 48.21 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On NRG Energy

A number of large investors have recently modified their holdings of the business. Ashton Thomas Securities LLC purchased a new position in shares of NRG Energy in the 3rd quarter valued at approximately $26,000. Covestor Ltd increased its stake in NRG Energy by 74.7% during the 3rd quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 139 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of NRG Energy in the fourth quarter worth $32,000. Harbor Capital Advisors Inc. acquired a new stake in shares of NRG Energy during the third quarter worth $35,000. Finally, UMB Bank n.a. lifted its stake in shares of NRG Energy by 100.4% during the fourth quarter. UMB Bank n.a. now owns 455 shares of the utilities provider’s stock worth $41,000 after buying an additional 228 shares during the period. Hedge funds and other institutional investors 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.