NRG Energy (NYSE:NRG - Get Free Report)'s stock had its "buy" rating reaffirmed by investment analysts at Citigroup in a research note issued to investors on Thursday, MarketBeat.com reports. They currently have a $185.00 target price on the utilities provider's stock, up from their previous target price of $133.00. Citigroup's target price points to a potential upside of 25.43% from the company's previous close.
Several other research firms also recently weighed in on NRG. Wall Street Zen raised shares of NRG Energy from a "hold" rating to a "buy" rating in a research note on Friday, June 27th. Guggenheim raised their price objective on NRG Energy from $138.00 to $173.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Jefferies Financial Group upped their target price on NRG Energy from $113.00 to $132.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. The Goldman Sachs Group began coverage on shares of NRG Energy in a research report on Friday, April 4th. They issued a "buy" rating and a $129.00 price target for the company. Finally, Wells Fargo & Company raised their price target on shares of NRG Energy from $165.00 to $200.00 and gave the company an "overweight" rating in a research report on Tuesday, May 13th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, NRG Energy presently has a consensus rating of "Moderate Buy" and an average target price of $160.30.
Check Out Our Latest Report on NRG Energy
NRG Energy Price Performance
NRG stock traded up $2.53 during midday trading on Thursday, reaching $147.49. 2,263,014 shares of the stock were exchanged, compared to its average volume of 2,969,771. The company has a debt-to-equity ratio of 4.61, a current ratio of 1.06 and a quick ratio of 1.02. The stock has a market capitalization of $28.84 billion, a PE ratio of 23.79, a P/E/G ratio of 1.15 and a beta of 1.13. NRG Energy has a 52 week low of $65.11 and a 52 week high of $168.57. The company has a fifty day moving average price of $153.92 and a 200 day moving average price of $119.31.
NRG Energy (NYSE:NRG - Get Free Report) last announced its earnings results on Monday, May 12th. The utilities provider reported $2.62 EPS for the quarter, topping the consensus estimate of $0.72 by $1.90. NRG Energy had a return on equity of 73.78% and a net margin of 4.66%. The firm had revenue of $8.59 billion for the quarter, compared to the consensus estimate of $8.28 billion. During the same period in the previous year, the business earned $2.31 EPS. The business's quarterly revenue was up 15.6% compared to the same quarter last year. As a group, analysts expect that NRG Energy will post 6.36 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, Director Kevin Howell sold 50,000 shares of NRG Energy stock in a transaction on Friday, May 30th. The shares were sold at an average price of $154.50, for a total value of $7,725,000.00. Following the transaction, the director directly owned 55,427 shares of the company's stock, valued at $8,563,471.50. The trade was a 47.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.86% of the company's stock.
Hedge Funds Weigh In On NRG Energy
A number of hedge funds and other institutional investors have recently made changes to their positions in NRG. Toth Financial Advisory Corp bought a new position in NRG Energy in the second quarter worth $27,000. ORG Partners LLC boosted its stake in NRG Energy by 422.2% during the second quarter. ORG Partners LLC now owns 282 shares of the utilities provider's stock worth $44,000 after acquiring an additional 228 shares in the last quarter. Zions Bancorporation National Association UT purchased a new stake in NRG Energy in the first quarter worth about $28,000. Key Financial Inc bought a new position in shares of NRG Energy during the first quarter valued at approximately $30,000. Finally, SJS Investment Consulting Inc. grew its stake in shares of NRG Energy by 616.3% in the 2nd quarter. SJS Investment Consulting Inc. now owns 351 shares of the utilities provider's stock worth $56,000 after buying an additional 302 shares during the last quarter. Institutional investors own 97.72% of the company's stock.
About NRG Energy
(
Get Free Report)
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.
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