Analysts at The Goldman Sachs Group began coverage on shares of NRG Energy (NYSE:NRG - Get Free Report) in a report issued on Friday, Marketbeat.com reports. The brokerage set a "buy" rating and a $129.00 price target on the utilities provider's stock. The Goldman Sachs Group's target price points to a potential upside of 39.11% from the stock's previous close.
Several other brokerages also recently weighed in on NRG. Wells Fargo & Company raised their target price on shares of NRG Energy from $140.00 to $165.00 and gave the company an "overweight" rating in a research note on Thursday, February 27th. Morgan Stanley increased their price target on NRG Energy from $86.00 to $99.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 19th. Guggenheim boosted their price target on NRG Energy from $134.00 to $145.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Evercore ISI upgraded shares of NRG Energy from an "in-line" rating to an "outperform" rating and upped their price objective for the company from $74.00 to $126.00 in a report on Tuesday, January 21st. Finally, BMO Capital Markets lifted their target price on shares of NRG Energy from $100.00 to $115.00 and gave the stock a "market perform" rating in a research note on Monday, March 3rd. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $124.00.
Read Our Latest Report on NRG Energy
NRG Energy Stock Up 8.0 %
NRG traded up $6.83 on Friday, hitting $92.73. The company had a trading volume of 1,164,513 shares, compared to its average volume of 3,081,134. The stock has a market capitalization of $18.89 billion, a price-to-earnings ratio of 23.30, a P/E/G ratio of 1.01 and a beta of 1.10. The stock has a fifty day moving average price of $99.42 and a 200-day moving average price of $96.24. NRG Energy has a 12-month low of $65.11 and a 12-month high of $117.26. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17.
Insider Activity at NRG Energy
In related news, CFO Bruce Chung sold 20,000 shares of NRG Energy stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $97.63, for a total transaction of $1,952,600.00. Following the completion of the transaction, the chief financial officer now directly owns 69,454 shares in the company, valued at approximately $6,780,794.02. This trade represents a 22.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.61% of the stock is currently owned by insiders.
Institutional Investors Weigh In On NRG Energy
A number of hedge funds and other institutional investors have recently made changes to their positions in NRG. SBI Securities Co. Ltd. acquired a new position in shares of NRG Energy in the 4th quarter valued at $32,000. Mizuho Bank Ltd. purchased a new stake in shares of NRG Energy during the 4th quarter worth about $41,000. UMB Bank n.a. grew its position in shares of NRG Energy by 100.4% during the 4th quarter. UMB Bank n.a. now owns 455 shares of the utilities provider's stock valued at $41,000 after acquiring an additional 228 shares during the period. Princeton Global Asset Management LLC increased its stake in shares of NRG Energy by 414.9% in the 4th quarter. Princeton Global Asset Management LLC now owns 484 shares of the utilities provider's stock valued at $44,000 after purchasing an additional 390 shares in the last quarter. Finally, Larson Financial Group LLC raised its holdings in NRG Energy by 221.0% in the 4th quarter. Larson Financial Group LLC now owns 504 shares of the utilities provider's stock worth $45,000 after purchasing an additional 347 shares during the period. Institutional investors and hedge funds own 97.72% of the company's stock.
NRG Energy Company Profile
(
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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.
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