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

Shares of NRG Energy, Inc. (NYSE:NRG) have received a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $102.71.

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

Insiders Place Their Bets

In other NRG Energy news, VP Robert J. Gaudette sold 60,000 shares of NRG Energy stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $91.41, for a total value of $5,484,600.00. Following the transaction, the vice president now owns 64,448 shares of the company’s stock, valued at approximately $5,891,191.68. The trade was a 48.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Bruce Chung sold 20,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 69,454 shares of the company’s stock, valued at $6,780,794.02. This trade represents a 22.36 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company’s stock.

Institutional Investors Weigh In On NRG Energy

Several institutional investors have recently added to or reduced their stakes in the stock. M&T Bank Corp raised its stake in shares of NRG Energy by 0.3% in the 3rd quarter. M&T Bank Corp now owns 38,213 shares of the utilities provider’s stock valued at $3,481,000 after purchasing an additional 113 shares during the period. McIlrath & Eck LLC raised its position in NRG Energy by 4.5% in the 3rd quarter. McIlrath & Eck LLC now owns 2,630 shares of the utilities provider’s stock valued at $240,000 after buying an additional 113 shares during the last quarter. Castle Rock Wealth Management LLC lifted its stake in NRG Energy by 3.5% in the 3rd quarter. Castle Rock Wealth Management LLC now owns 3,746 shares of the utilities provider’s stock valued at $356,000 after acquiring an additional 126 shares in the last quarter. Park Avenue Securities LLC boosted its position in NRG Energy by 2.8% during the 3rd quarter. Park Avenue Securities LLC now owns 4,910 shares of the utilities provider’s stock worth $447,000 after acquiring an additional 134 shares during the last quarter. Finally, Covestor Ltd grew its stake in shares of NRG Energy by 74.7% during the 3rd quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 139 shares in the last quarter. 97.72% of the stock is owned by institutional investors.

NRG Energy Price Performance

NRG opened at $97.23 on Thursday. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. The stock has a market capitalization of $19.70 billion, a P/E ratio of 24.43, a price-to-earnings-growth ratio of 1.29 and a beta of 1.15. The company’s 50 day simple moving average is $95.05 and its 200-day simple moving average is $86.79. NRG Energy has a one year low of $50.24 and a one year high of $103.14.

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.