BMO Capital Markets Boosts NRG Energy (NYSE:NRG) Price Target to $90.00

NRG Energy (NYSE:NRG) had its price target raised by research analysts at BMO Capital Markets from $88.00 to $90.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has a “market perform” rating on the utilities provider’s stock. BMO Capital Markets’ target price would indicate a potential downside of 1.85% from the stock’s previous close.

A number of other equities research analysts have also weighed in on NRG. StockNews.com lowered NRG Energy from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Jefferies Financial Group assumed coverage on NRG Energy in a research note on Friday, September 13th. They issued a “hold” rating and a $82.00 price target on the stock. Finally, Wells Fargo & Company raised their target price on NRG Energy from $110.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, September 5th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $74.75.

NRG Energy Stock Up 0.5 %

NRG Energy stock traded up $0.48 during trading on Monday, reaching $91.70. The stock had a trading volume of 490,796 shares, compared to its average volume of 3,374,438. NRG Energy has a 52-week low of $36.61 and a 52-week high of $93.17. The business has a 50 day moving average price of $80.08 and a 200 day moving average price of $77.52. The company has a quick ratio of 1.11, a current ratio of 1.18 and a debt-to-equity ratio of 3.51. The stock has a market cap of $19.12 billion, a PE ratio of 13.01 and a beta of 1.10.

NRG Energy (NYSE:NRG) last announced its earnings results on Thursday, August 8th. The utilities provider reported $3.37 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $1.82. NRG Energy had a net margin of 7.19% and a return on equity of 43.69%. The business had revenue of $6.66 billion during the quarter, compared to analysts’ expectations of $8.32 billion. During the same period in the prior year, the company earned $1.10 earnings per share. The business’s revenue was up 4.9% compared to the same quarter last year. On average, analysts predict that NRG Energy will post 5.51 EPS for the current year.

Insider Activity at NRG Energy

In other news, insider Rasesh M. Patel sold 102,603 shares of NRG Energy stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $80.35, for a total transaction of $8,244,151.05. Following the sale, the insider now owns 163,680 shares in the company, valued at $13,151,688. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.86% of the stock is currently owned by insiders.

Institutional Trading of NRG Energy

Hedge funds and other institutional investors have recently bought and sold shares of the company. LifeSteps Financial Inc. acquired a new position in shares of NRG Energy in the 1st quarter worth approximately $31,000. Rothschild Investment LLC acquired a new position in NRG Energy in the second quarter valued at approximately $32,000. Mather Group LLC. bought a new position in shares of NRG Energy during the first quarter valued at approximately $33,000. First Horizon Advisors Inc. raised its position in shares of NRG Energy by 76.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 442 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 191 shares during the period. Finally, Crewe Advisors LLC bought a new stake in shares of NRG Energy in the 1st quarter worth approximately $36,000. 97.72% of the stock is owned by 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.