NRG Energy (NYSE:NRG) PT Raised to $100.00

NRG Energy (NYSE:NRG) had its price objective boosted by investment analysts at Wells Fargo & Company from $85.00 to $100.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the utilities provider’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 22.31% from the company’s previous close.

Several other analysts have also issued reports on NRG. BMO Capital Markets boosted their target price on shares of NRG Energy from $73.00 to $82.00 and gave the company a “market perform” rating in a research report on Wednesday. Morgan Stanley upped their price target on shares of NRG Energy from $51.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 26th. Citigroup upped their price target on shares of NRG Energy from $52.00 to $62.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. StockNews.com upgraded shares of NRG Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, March 6th. Finally, Evercore ISI upped their price objective 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. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $64.25.

NRG Energy Stock Up 7.8 %

NRG opened at $81.76 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 4.49. The firm has a 50 day moving average price of $69.28 and a 200-day moving average price of $56.34. NRG Energy has a twelve month low of $30.62 and a twelve month high of $83.03. The stock has a market capitalization of $17.56 billion, a price-to-earnings ratio of -76.41 and a beta of 1.11.

NRG Energy (NYSE:NRG) last announced its earnings results on Wednesday, February 28th. The utilities provider reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.20. The company had revenue of $6.81 billion during the quarter, compared to analyst estimates of $7.51 billion. NRG Energy had a negative net margin of 0.70% and a positive return on equity of 44.03%. Equities research analysts forecast that NRG Energy will post 5.36 earnings per share for the current year.

Insider Buying and Selling

In other NRG Energy news, VP Rasesh M. Patel sold 49,092 shares of the stock in a transaction on 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.61% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On NRG Energy

Institutional investors have recently modified their holdings of the stock. First Trust Direct Indexing L.P. increased its holdings in NRG Energy by 2.8% during the 1st quarter. First Trust Direct Indexing L.P. now owns 5,813 shares of the utilities provider’s stock worth $393,000 after purchasing an additional 161 shares during the period. Kingswood Wealth Advisors LLC increased its stake in shares of NRG Energy by 0.8% during the first quarter. Kingswood Wealth Advisors LLC now owns 23,267 shares of the utilities provider’s stock valued at $1,575,000 after buying an additional 174 shares during the period. Czech National Bank raised its holdings in shares of NRG Energy by 0.5% in the first quarter. Czech National Bank now owns 39,723 shares of the utilities provider’s stock valued at $2,689,000 after acquiring an additional 181 shares in the last quarter. Savant Capital LLC lifted its stake in NRG Energy by 1.7% in the fourth quarter. Savant Capital LLC now owns 12,749 shares of the utilities provider’s stock worth $659,000 after acquiring an additional 212 shares during the period. Finally, Blue Trust Inc. grew its holdings in NRG Energy by 35.4% during the 4th quarter. Blue Trust Inc. now owns 865 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 226 shares in the last quarter. 97.72% of the stock is owned by hedge funds and other institutional investors.

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.