NRG Energy (NYSE:NRG) Price Target Raised to $132.00 at Jefferies Financial Group

NRG Energy (NYSE:NRG - Get Free Report) had its price target hoisted by Jefferies Financial Group from $113.00 to $132.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the utilities provider's stock. Jefferies Financial Group's target price would suggest a potential upside of 13.65% from the company's current price.

NRG has been the subject of a number of other research reports. The Goldman Sachs Group initiated coverage on NRG Energy in a report on Friday, April 4th. They set a "buy" rating and a $129.00 target price for the company. Evercore ISI upgraded shares of NRG Energy from an "in-line" rating to an "outperform" rating and increased their price objective for the stock from $74.00 to $126.00 in a research note on Tuesday, January 21st. Morgan Stanley upped their price target on shares of NRG Energy from $86.00 to $99.00 and gave the company an "equal weight" rating in a report on Wednesday, February 19th. Guggenheim boosted their price target on shares of NRG Energy from $134.00 to $145.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Finally, StockNews.com cut shares of NRG Energy from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, NRG Energy has an average rating of "Moderate Buy" and a consensus price target of $126.38.

NRG Energy Stock Performance

Shares of NYSE:NRG traded down $0.49 on Monday, hitting $116.15. 527,617 shares of the company were exchanged, compared to its average volume of 3,014,194. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. The stock's 50 day moving average price is $98.11 and its 200 day moving average price is $97.73. NRG Energy has a 1-year low of $65.11 and a 1-year high of $117.90. The firm has a market capitalization of $23.66 billion, a P/E ratio of 29.18, a price-to-earnings-growth ratio of 1.01 and a beta of 1.00.

Hedge Funds Weigh In On NRG Energy

A number of institutional investors have recently modified their holdings of the business. Banco Santander S.A. boosted its stake in shares of NRG Energy by 0.3% during the fourth quarter. Banco Santander S.A. now owns 2,828,000 shares of the utilities provider's stock worth $255,142,000 after buying an additional 7,500 shares during the period. Northern Trust Corp lifted its holdings in shares of NRG Energy by 16.1% during the fourth quarter. Northern Trust Corp now owns 2,282,672 shares of the utilities provider's stock worth $205,943,000 after purchasing an additional 316,445 shares during the period. Appaloosa LP increased its stake in NRG Energy by 81.5% in the 4th quarter. Appaloosa LP now owns 1,815,000 shares of the utilities provider's stock valued at $163,749,000 after buying an additional 815,180 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of NRG Energy by 1,010.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,557,350 shares of the utilities provider's stock worth $140,504,000 after acquiring an additional 1,417,057 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in NRG Energy by 4.2% in the 4th quarter. Russell Investments Group Ltd. now owns 1,414,186 shares of the utilities provider's stock valued at $127,614,000 after purchasing an additional 56,944 shares in the last quarter. 97.72% of the stock is owned by institutional investors and hedge funds.

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.

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