NRG Energy (NYSE:NRG) Given New $100.00 Price Target at BMO Capital Markets

NRG Energy (NYSE:NRG - Get Free Report) had its price target lifted by analysts at BMO Capital Markets from $94.00 to $100.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a "market perform" rating on the utilities provider's stock. BMO Capital Markets' target price would suggest a potential upside of 5.42% from the company's previous close.

A number of other analysts have also issued reports on NRG. Wells Fargo & Company lifted their price objective on shares of NRG Energy from $130.00 to $140.00 and gave the company an "overweight" rating in a research note on Monday, November 11th. Citigroup lifted their price target on shares of NRG Energy from $84.00 to $100.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Guggenheim upped 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. StockNews.com lowered NRG Energy from a "buy" rating to a "hold" rating in a research report on Monday, September 2nd. Finally, Jefferies Financial Group started coverage on NRG Energy in a report on Friday, September 13th. They issued a "hold" rating and a $82.00 price target for the company. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $98.29.

NRG Energy Stock Up 1.7 %

Shares of NRG stock traded up $1.63 during trading hours on Tuesday, reaching $94.86. The company had a trading volume of 2,317,425 shares, compared to its average volume of 3,267,271. The company has a market capitalization of $19.22 billion, a P/E ratio of 23.83, a price-to-earnings-growth ratio of 1.34 and a beta of 1.10. 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 twelve month low of $44.90 and a twelve month high of $102.84. The stock's fifty day simple moving average is $89.14 and its 200 day simple moving average is $82.76.

Insiders Place Their Bets

In other news, insider Rasesh M. Patel sold 102,603 shares of the firm's stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $80.35, for a total value of $8,244,151.05. Following the transaction, the insider now directly owns 163,680 shares in the company, valued at approximately $13,151,688. This trade represents a 38.53 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.86% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On NRG Energy

Several institutional investors and hedge funds have recently bought and sold shares of NRG. McIlrath & Eck LLC grew its holdings in shares of NRG Energy by 4.5% during the third quarter. McIlrath & Eck LLC now owns 2,630 shares of the utilities provider's stock valued at $240,000 after purchasing an additional 113 shares during the last quarter. Fortem Financial Group LLC increased its position in NRG Energy by 4.8% in the third quarter. Fortem Financial Group LLC now owns 13,803 shares of the utilities provider's stock worth $1,257,000 after buying an additional 638 shares during the period. Arete Wealth Advisors LLC bought a new stake in NRG Energy in the third quarter valued at $259,000. Sunbelt Securities Inc. acquired a new position in shares of NRG Energy during the third quarter valued at $129,000. Finally, Toronto Dominion Bank grew its position in shares of NRG Energy by 16.1% during the third quarter. Toronto Dominion Bank now owns 113,868 shares of the utilities provider's stock worth $10,373,000 after acquiring an additional 15,813 shares during the last quarter. Institutional investors and hedge funds 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.