Analysts Set NRG Energy, Inc. (NYSE:NRG) PT at $102.71

NRG Energy, Inc. (NYSE:NRG) has earned an average rating of “Moderate Buy” from the seven research firms that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $102.71.

Several equities analysts have weighed in on NRG shares. Jefferies Financial Group raised NRG Energy from a “hold” rating to a “buy” rating and lifted their price objective for the company from $93.00 to $113.00 in a report on Tuesday, November 26th. BMO Capital Markets upped their price objective on shares of NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 19th. Wells Fargo & Company raised their target price on shares of NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Guggenheim upped their price target on shares of NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Finally, Citigroup lifted their price objective on shares of NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, October 31st.

Insiders Place Their Bets

In other NRG Energy news, VP Robert J. Gaudette sold 60,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $91.41, for a total transaction of $5,484,600.00. Following the sale, the vice president now directly owns 64,448 shares of the company’s stock, valued at $5,891,191.68. The trade was a 48.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Bruce Chung sold 20,000 shares of the firm’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $97.63, for a total transaction of $1,952,600.00. Following the transaction, the chief financial officer now directly owns 69,454 shares of the company’s stock, valued at $6,780,794.02. The trade was a 22.36 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.61% of the company’s stock.

Institutional Trading of NRG Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. Ashton Thomas Securities LLC bought a new stake in shares of NRG Energy in the 3rd quarter valued at about $26,000. Covestor Ltd increased its position in NRG Energy by 74.7% during the 3rd quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 139 shares during the period. Harbor Capital Advisors Inc. bought a new position in NRG Energy during the 3rd quarter worth approximately $35,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of NRG Energy in the 3rd quarter worth approximately $36,000. Finally, RPg Family Wealth Advisory LLC bought a new stake in shares of NRG Energy in the 3rd quarter valued at $43,000. 97.72% of the stock is currently owned by institutional investors and hedge funds.

NRG Energy Stock Up 4.3 %

Shares of NRG opened at $104.07 on Thursday. 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 has a market capitalization of $21.08 billion, a PE ratio of 26.15, a P/E/G ratio of 1.17 and a beta of 1.15. The firm’s 50 day moving average is $95.21 and its 200-day moving average is $86.94. NRG Energy has a 12 month low of $50.24 and a 12 month high of $104.92.

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.