NRG Energy (NYSE:NRG) Stock Price Expected to Rise, Morgan Stanley Analyst Says

NRG Energy (NYSE:NRG) had its target price raised by analysts at Morgan Stanley from $86.00 to $99.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the utilities provider’s stock. Morgan Stanley’s target price indicates a potential downside of 10.92% from the stock’s current price.

Several other analysts also recently weighed in on the company. Citigroup boosted their price target on NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Jefferies Financial Group upgraded NRG Energy from a “hold” rating to a “buy” rating and boosted their price target for the company from $93.00 to $113.00 in a research note on Tuesday, November 26th. Evercore ISI upgraded NRG Energy from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $74.00 to $126.00 in a research note on Tuesday, January 21st. Wells Fargo & Company boosted their price target on NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Finally, BMO Capital Markets boosted their price target 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. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $113.71.

NRG Energy Stock Down 1.1 %

NRG Energy stock opened at $111.14 on Wednesday. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17. The business’s 50-day simple moving average is $100.37 and its two-hundred day simple moving average is $92.35. The company has a market cap of $22.51 billion, a PE ratio of 27.92, a PEG ratio of 1.32 and a beta of 1.15. NRG Energy has a fifty-two week low of $51.49 and a fifty-two week high of $115.38.

Insider Transactions at NRG Energy

In related news, VP Robert J. Gaudette sold 60,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $91.41, for a total value of $5,484,600.00. Following the completion of the transaction, the vice president now owns 64,448 shares of the company’s stock, valued at approximately $5,891,191.68. This represents a 48.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Bruce Chung sold 20,000 shares of the company’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $97.63, for a total value of $1,952,600.00. Following the completion of 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. Company insiders own 0.86% of the company’s stock.

Hedge Funds Weigh In On NRG Energy

Large investors have recently bought and sold shares of the business. Ashton Thomas Securities LLC acquired a new position in NRG Energy in the 3rd quarter worth about $26,000. Covestor Ltd raised its holdings in shares of NRG Energy by 74.7% during the third quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 139 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of NRG Energy during the fourth quarter valued at approximately $32,000. Harbor Capital Advisors Inc. acquired a new position in shares of NRG Energy during the third quarter valued at approximately $35,000. Finally, Mizuho Bank Ltd. acquired a new position in shares of NRG Energy during the fourth quarter valued at approximately $41,000. Institutional investors and hedge funds 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.