NRG Energy, Inc. (NYSE:NRG) Receives $102.71 Average Target Price from Analysts

Shares of NRG Energy, Inc. (NYSE:NRG) have been assigned an average recommendation of “Moderate Buy” from the seven research firms that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $102.71.

NRG has been the subject of a number of recent analyst reports. Guggenheim raised their price objective on shares of NRG Energy from $77.00 to $118.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Wells Fargo & Company lifted 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. Citigroup increased their price objective on NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Jefferies Financial Group upgraded shares of NRG Energy from a “hold” rating to a “buy” rating and boosted their target price for the stock from $93.00 to $113.00 in a research report on Tuesday, November 26th. Finally, BMO Capital Markets raised their price objective on shares of NRG Energy from $94.00 to $100.00 and gave the company a “market perform” rating in a research note on Tuesday, November 19th.

NRG Energy Stock Up 0.8 %

NRG stock opened at $99.35 on Thursday. The stock has a market capitalization of $20.12 billion, a PE ratio of 24.96, a price-to-earnings-growth ratio of 1.29 and a beta of 1.15. The company has a fifty day moving average of $94.86 and a 200-day moving average of $86.61. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17. NRG Energy has a one year low of $50.23 and a one year high of $103.14.

Insider Buying and Selling at NRG Energy

In other news, VP Robert J. Gaudette sold 60,000 shares of the company’s stock in a transaction on 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 sale, the vice president now directly owns 64,448 shares in the company, valued at $5,891,191.68. This represents a 48.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.86% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NRG. TD Asset Management Inc lifted its stake in shares of NRG Energy by 23.7% during the 2nd quarter. TD Asset Management Inc now owns 75,012 shares of the utilities provider’s stock worth $5,840,000 after purchasing an additional 14,394 shares during the period. Savant Capital LLC lifted its position in NRG Energy by 1.7% during the second quarter. Savant Capital LLC now owns 16,571 shares of the utilities provider’s stock worth $1,290,000 after buying an additional 283 shares during the period. Cullen Frost Bankers Inc. acquired a new stake in NRG Energy in the 2nd quarter worth about $84,000. Los Angeles Capital Management LLC acquired a new position in shares of NRG Energy during the 2nd quarter valued at about $248,000. Finally, Caprock Group LLC purchased a new position in shares of NRG Energy during the 2nd quarter worth about $225,000. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

About NRG Energy

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.