Siebert Williams Shank Initiates Coverage on NRG Energy (NYSE:NRG)

Siebert Williams Shank initiated coverage on shares of NRG Energy (NYSE:NRG) in a research report issued to clients and investors on Monday. The brokerage set a “buy” rating and a $184.00 price target on the utilities provider’s stock. Siebert Williams Shank’s price target points to a potential upside of 34.75% from the company’s previous close.

Other analysts also recently issued research reports about the stock. Raymond James Financial set a $210.00 target price on shares of NRG Energy in a research report on Monday, April 27th. BNP Paribas Exane began coverage on shares of NRG Energy in a research report on Wednesday, March 18th. They issued an “outperform” rating and a $232.00 price objective for the company. Barclays decreased their price target on shares of NRG Energy from $203.00 to $200.00 and set an “overweight” rating for the company in a research report on Tuesday, March 31st. Morgan Stanley set a $165.00 price objective on NRG Energy in a research note on Wednesday, June 24th. Finally, Weiss Ratings lowered NRG Energy from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, NRG Energy currently has a consensus rating of “Moderate Buy” and an average target price of $197.80.

NRG Energy Trading Down 0.1%

NYSE NRG opened at $136.55 on Monday. The company has a market cap of $28.81 billion, a P/E ratio of 160.65 and a beta of 1.21. NRG Energy has a 12 month low of $120.11 and a 12 month high of $189.96. The company has a debt-to-equity ratio of 4.68, a current ratio of 0.84 and a quick ratio of 0.78. The company has a 50-day moving average of $138.26 and a 200-day moving average of $150.98.

NRG Energy (NYSE:NRG) last issued its earnings results on Wednesday, May 6th. The utilities provider reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.30). The firm had revenue of $10.26 billion during the quarter, compared to analysts’ expectations of $8.43 billion. NRG Energy had a return on equity of 70.67% and a net margin of 0.74%.The company’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period last year, the business posted $2.68 earnings per share. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. As a group, equities analysts predict that NRG Energy will post 8.89 earnings per share for the current year.

Insider Buying and Selling at NRG Energy

In other NRG Energy news, VP Virginia Kinney sold 20,000 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $127.52, for a total transaction of $2,550,400.00. Following the transaction, the vice president directly owned 45,111 shares in the company, valued at $5,752,554.72. This represents a 30.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.43% of the company’s stock.

Hedge Funds Weigh In On NRG Energy

A number of hedge funds have recently bought and sold shares of NRG. Victory Capital Management Inc. grew its position in shares of NRG Energy by 178.1% in the 4th quarter. Victory Capital Management Inc. now owns 7,676,513 shares of the utilities provider’s stock worth $1,222,409,000 after acquiring an additional 4,916,653 shares in the last quarter. Capital World Investors bought a new position in NRG Energy during the fourth quarter worth $305,817,000. Boston Partners boosted its holdings in NRG Energy by 124.1% in the fourth quarter. Boston Partners now owns 1,808,814 shares of the utilities provider’s stock worth $287,469,000 after purchasing an additional 1,001,672 shares during the period. Worldquant Millennium Advisors LLC increased its stake in NRG Energy by 492.5% during the second quarter. Worldquant Millennium Advisors LLC now owns 883,781 shares of the utilities provider’s stock valued at $141,918,000 after purchasing an additional 734,624 shares during the last quarter. Finally, Consolidated Press International Holdings Ltd. bought a new position in shares of NRG Energy in the 3rd quarter worth about $98,360,000. 97.72% of the stock is currently owned by institutional investors and hedge funds.

About NRG Energy

NRG Energy (NYSE: NRG) is a U.S.-based integrated power company headquartered in Houston, Texas. The company develops, owns and operates a diversified portfolio of power generation assets and participates in wholesale and retail energy markets. NRG supplies electricity to utilities, commercial and industrial customers, and retail consumers, while also providing energy-related products and services designed to manage consumption and support reliability.

NRG’s generation mix includes conventional thermal plants as well as renewable and distributed energy resources.