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

NRG Energy (NYSE:NRG) had its price target raised by equities research analysts at Guggenheim from $134.00 to $145.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the utilities provider’s stock. Guggenheim’s price objective would suggest a potential upside of 32.13% from the company’s previous close.

A number of other research analysts have also recently issued reports on NRG. Citigroup lifted their price objective on NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Evercore ISI raised NRG Energy from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $74.00 to $126.00 in a research report on Tuesday, January 21st. Morgan Stanley lifted their target price on shares of NRG Energy from $86.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 19th. Wells Fargo & Company upped their price target on shares of NRG Energy from $140.00 to $165.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Jefferies Financial Group upgraded NRG Energy from a “hold” rating to a “buy” rating and upped their price objective for the stock from $93.00 to $113.00 in a research note on Tuesday, November 26th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, NRG Energy has a consensus rating of “Moderate Buy” and an average price target of $121.14.

NRG Energy Stock Down 3.2 %

NRG traded down $3.59 during midday trading on Thursday, reaching $109.74. The company’s stock had a trading volume of 1,262,515 shares, compared to its average volume of 2,993,233. NRG Energy has a 1 year low of $52.96 and a 1 year high of $117.26. The stock’s 50-day moving average is $101.48 and its 200-day moving average is $93.37. The firm has a market capitalization of $22.23 billion, a price-to-earnings ratio of 27.45, a PEG ratio of 1.01 and a beta of 1.15. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57.

Insider Buying and Selling

In other news, CFO Bruce Chung sold 20,000 shares of the business’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $97.63, for a total value of $1,952,600.00. Following the sale, the chief financial officer now directly owns 69,454 shares in the company, valued at $6,780,794.02. The trade was a 22.36 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Robert J. Gaudette sold 60,000 shares of the stock in a transaction dated 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 completion of the transaction, the vice president now directly 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 position. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On NRG Energy

Several large investors have recently modified their holdings of NRG. Ashton Thomas Securities LLC purchased a new position in NRG Energy during the third quarter worth $26,000. Covestor Ltd lifted its holdings in shares of NRG Energy by 74.7% in the 3rd quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 139 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of NRG Energy during the 4th quarter worth about $32,000. Harbor Capital Advisors Inc. bought a new position in NRG Energy during the 3rd quarter valued at about $35,000. Finally, Mizuho Bank Ltd. bought a new stake in NRG Energy in the fourth quarter worth about $41,000. Institutional investors 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.