Citigroup Boosts NRG Energy (NYSE:NRG) Price Target to $100.00

NRG Energy (NYSE:NRG) had its target price raised by stock analysts at Citigroup from $84.00 to $100.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the utilities provider’s stock. Citigroup’s price target would suggest a potential upside of 15.31% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. Wells Fargo & Company raised their target price on shares of NRG Energy from $120.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday. Guggenheim raised their price objective on NRG Energy from $77.00 to $118.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Jefferies Financial Group assumed coverage on NRG Energy in a report on Friday, September 13th. They set a “hold” rating and a $82.00 target price on the stock. StockNews.com downgraded NRG Energy from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Finally, BMO Capital Markets upped their price objective on shares of NRG Energy from $90.00 to $94.00 and gave the company a “market perform” rating in a report on Tuesday. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, NRG Energy presently has a consensus rating of “Hold” and an average target price of $89.75.

NRG Energy Stock Down 3.6 %

NRG stock opened at $86.72 on Thursday. The company has a market cap of $17.90 billion, a price-to-earnings ratio of 9.45 and a beta of 1.10. NRG Energy has a twelve month low of $41.73 and a twelve month high of $96.40. The business has a 50 day moving average price of $86.24 and a two-hundred day moving average price of $80.95. The company has a quick ratio of 1.11, a current ratio of 1.18 and a debt-to-equity ratio of 3.51.

NRG Energy (NYSE:NRG) last released its earnings results on Thursday, August 8th. The utilities provider reported $3.37 earnings per share for the quarter, beating the consensus estimate of $1.55 by $1.82. NRG Energy had a net margin of 7.19% and a return on equity of 43.69%. The business had revenue of $6.66 billion during the quarter, compared to analysts’ expectations of $8.32 billion. The firm’s revenue was up 4.9% on a year-over-year basis. During the same period last year, the business earned $1.10 earnings per share. Analysts anticipate that NRG Energy will post 6.09 EPS for the current fiscal year.

Insider Transactions at NRG Energy

In related news, insider Rasesh M. Patel sold 102,603 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $80.35, for a total value of $8,244,151.05. Following the completion of the sale, the insider now directly owns 163,680 shares in the company, valued at approximately $13,151,688. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.86% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Atria Investments Inc increased its stake in NRG Energy by 62.9% in the third quarter. Atria Investments Inc now owns 15,072 shares of the utilities provider’s stock valued at $1,373,000 after acquiring an additional 5,819 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of NRG Energy by 109.2% in the 3rd quarter. Assetmark Inc. now owns 746,994 shares of the utilities provider’s stock valued at $68,051,000 after purchasing an additional 389,997 shares in the last quarter. Galvin Gaustad & Stein LLC bought a new position in shares of NRG Energy in the 3rd quarter valued at $203,000. Hollencrest Capital Management raised its holdings in shares of NRG Energy by 30,428.6% during the 3rd quarter. Hollencrest Capital Management now owns 10,685 shares of the utilities provider’s stock worth $973,000 after buying an additional 10,650 shares in the last quarter. Finally, TFB Advisors LLC lifted its position in shares of NRG Energy by 88.0% during the 3rd quarter. TFB Advisors LLC now owns 6,417 shares of the utilities provider’s stock worth $585,000 after buying an additional 3,004 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.