NRG Energy's (NRG) Hold (C) Rating Reiterated at Weiss Ratings

Key Points

• NRG Energy's stock has been restated with a "hold (c)" rating by Weiss Ratings, while other analysts, including Jefferies and Citigroup, have given it "buy" ratings with price targets ranging from $185 to $308.
• Despite a missed earnings estimate of $1.68 compared to a consensus of $1.72, NRG Energy's revenue for the quarter was reported at $6.74 billion, slightly above expectations.
• Institutional investors own 97.72% of NRG Energy’s stock, reflecting significant confidence in the company’s long-term prospects.

NRG Energy (NYSE:NRG - Get Free Report)'s stock had its "hold (c)" rating restated by analysts at Weiss Ratings in a note issued to investors on Saturday,Weiss Ratings reports.

NRG has been the subject of several other reports. Jefferies Financial Group reiterated a "buy" rating and issued a $198.00 price objective on shares of NRG Energy in a research report on Monday, October 20th. Citigroup upped their price target on NRG Energy from $133.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Zacks Research raised NRG Energy from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 15th. Wall Street Zen downgraded NRG Energy from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Melius Research started coverage on NRG Energy in a research report on Wednesday, August 20th. They set a "buy" rating and a $308.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $197.46.

NRG Energy Price Performance

Shares of NRG opened at $170.12 on Friday. The company has a debt-to-equity ratio of 5.99, a quick ratio of 0.88 and a current ratio of 0.93. The stock has a 50 day simple moving average of $159.24 and a 200 day simple moving average of $148.53. NRG Energy has a 52-week low of $79.57 and a 52-week high of $175.96. The firm has a market capitalization of $32.91 billion, a PE ratio of 76.98 and a beta of 1.14.

NRG Energy (NYSE:NRG - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The utilities provider reported $1.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.72 by ($0.04). NRG Energy had a net margin of 1.78% and a return on equity of 88.22%. The business had revenue of $6.74 billion during the quarter, compared to analyst estimates of $6.63 billion. During the same quarter in the prior year, the firm posted $3.37 earnings per share. NRG Energy's revenue for the quarter was up 1.2% compared to the same quarter last year. Sell-side analysts predict that NRG Energy will post 6.36 EPS for the current fiscal year.

Insider Activity at NRG Energy

In other news, VP Dak Liyanearachchi sold 10,672 shares of the stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $155.00, for a total value of $1,654,160.00. Following the completion of the sale, the vice president owned 48,571 shares of the company's stock, valued at approximately $7,528,505. This represents a 18.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.86% of the company's stock.

Institutional Investors Weigh In On NRG Energy

Several hedge funds have recently added to or reduced their stakes in the business. MGO One Seven LLC lifted its holdings in NRG Energy by 16.3% during the 3rd quarter. MGO One Seven LLC now owns 5,972 shares of the utilities provider's stock valued at $967,000 after purchasing an additional 835 shares during the last quarter. Miller Howard Investments Inc. NY acquired a new stake in NRG Energy during the 3rd quarter valued at $1,145,000. Fairfield Financial Advisors LTD lifted its holdings in NRG Energy by 250.3% during the 3rd quarter. Fairfield Financial Advisors LTD now owns 13,430 shares of the utilities provider's stock valued at $2,175,000 after purchasing an additional 9,596 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in NRG Energy by 1.1% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 24,260 shares of the utilities provider's stock valued at $3,929,000 after purchasing an additional 256 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its holdings in NRG Energy by 31.4% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 22,161 shares of the utilities provider's stock valued at $3,589,000 after purchasing an additional 5,296 shares during 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.

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