NRG Energy (NYSE:NRG) Raised to “Buy” at Jefferies Financial Group

NRG Energy (NYSE:NRG) was upgraded by Jefferies Financial Group from a “hold” rating to a “buy” rating in a research report issued on Tuesday, Marketbeat reports. The brokerage currently has a $113.00 target price on the utilities provider’s stock, up from their prior target price of $93.00. Jefferies Financial Group’s price target indicates a potential upside of 14.27% from the stock’s previous close.

Several other equities research analysts have also issued reports on NRG. Guggenheim raised their price objective on NRG Energy from $77.00 to $118.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Citigroup raised their price target on NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. BMO Capital Markets boosted their price objective on shares of NRG Energy from $94.00 to $100.00 and gave the company a “market perform” rating in a research report on Tuesday, November 19th. StockNews.com lowered shares of NRG Energy from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Finally, Wells Fargo & Company upped their price target on shares of NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $102.71.

NRG Energy Stock Down 2.2 %

Shares of NYSE:NRG opened at $98.89 on Tuesday. The company has a market cap of $20.03 billion, a price-to-earnings ratio of 24.99, a PEG ratio of 1.34 and a beta of 1.10. NRG Energy has a 12 month low of $46.23 and a 12 month high of $102.84. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. The company has a 50-day moving average price of $90.68 and a 200 day moving average price of $83.37.

Insider Buying and Selling at NRG Energy

In other NRG Energy news, insider Rasesh M. Patel sold 102,603 shares of the company’s stock in a transaction 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. This represents a 38.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.61% of the stock is owned by corporate insiders.

Institutional Trading of NRG Energy

A number of hedge funds have recently added to or reduced their stakes in NRG. Ashton Thomas Securities LLC bought a new stake in shares of NRG Energy in the 3rd quarter valued at about $26,000. Covestor Ltd raised its stake in NRG Energy by 74.7% in the third quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock worth $30,000 after buying an additional 139 shares in the last quarter. Rothschild Investment LLC purchased a new stake in NRG Energy during the second quarter worth $32,000. First Horizon Advisors Inc. boosted its position in NRG Energy by 76.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 442 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 191 shares in the last quarter. Finally, Harbor Capital Advisors Inc. purchased a new position in shares of NRG Energy in the 3rd quarter valued at $35,000. 97.72% of the stock is owned by hedge funds and other institutional investors.

About NRG Energy

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.