NRG Energy (NYSE:NRG) Price Target Raised to $110.00

NRG Energy (NYSE:NRG - Get Free Report) had its price target lifted by stock analysts at Wells Fargo & Company from $100.00 to $110.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has an "overweight" rating on the utilities provider's stock. Wells Fargo & Company's target price suggests a potential upside of 30.19% from the stock's current price.

Several other research analysts also recently weighed in on the company. Evercore ISI boosted their target price on NRG Energy from $55.00 to $65.00 and gave the stock an "in-line" rating in a research note on Monday, March 18th. Citigroup boosted their target price on NRG Energy from $52.00 to $62.00 and gave the stock a "buy" rating in a research note on Friday, March 1st. BMO Capital Markets boosted their target price on NRG Energy from $73.00 to $82.00 and gave the stock a "market perform" rating in a research note on Wednesday, May 8th. Morgan Stanley boosted their target price on NRG Energy from $51.00 to $63.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 26th. Finally, StockNews.com upgraded NRG Energy from a "sell" rating to a "hold" rating in a research note on Wednesday, March 6th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $65.50.

NRG Energy Stock Up 2.9 %

Shares of NRG traded up $2.41 during trading hours on Wednesday, hitting $84.49. The company had a trading volume of 3,397,645 shares, compared to its average volume of 3,705,638. The company has a market capitalization of $17.61 billion, a PE ratio of 11.62 and a beta of 1.11. The company has a current ratio of 1.01, a quick ratio of 0.95 and a debt-to-equity ratio of 3.61. NRG Energy has a one year low of $31.68 and a one year high of $86.00. The company's fifty day moving average price is $70.75 and its two-hundred day moving average price is $57.41.

NRG Energy (NYSE:NRG - Get Free Report) last released its quarterly earnings results on Wednesday, February 28th. The utilities provider reported $1.14 EPS for the quarter, topping the consensus estimate of $0.94 by $0.20. The firm had revenue of $6.81 billion during the quarter, compared to analyst estimates of $7.51 billion. NRG Energy had a return on equity of 42.60% and a net margin of 5.76%. As a group, equities analysts forecast that NRG Energy will post 5.46 earnings per share for the current fiscal year.

Insider Buying and Selling at NRG Energy

In other news, VP Rasesh M. Patel sold 49,092 shares of the company's stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $62.59, for a total value of $3,072,668.28. Following the sale, the vice president now owns 356,962 shares in the company, valued at $22,342,251.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.61% of the company's stock.

Institutional Trading of NRG Energy

Hedge funds have recently modified their holdings of the stock. Headlands Technologies LLC acquired a new position in shares of NRG Energy during the fourth quarter valued at approximately $118,000. Raymond James & Associates grew its position in NRG Energy by 81.1% in the fourth quarter. Raymond James & Associates now owns 305,917 shares of the utilities provider's stock worth $15,816,000 after acquiring an additional 136,968 shares during the period. Friedenthal Financial purchased a new position in NRG Energy in the fourth quarter worth approximately $743,000. Wellington Management Group LLP grew its position in NRG Energy by 486.2% in the third quarter. Wellington Management Group LLP now owns 900,526 shares of the utilities provider's stock worth $34,688,000 after acquiring an additional 746,899 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in NRG Energy by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,729,390 shares of the utilities provider's stock worth $220,696,000 after acquiring an additional 156,974 shares during the period. Hedge funds and other institutional investors own 97.72% of the company's stock.

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.