BMO Capital Markets Increases NRG Energy (NYSE:NRG) Price Target to $82.00

NRG Energy (NYSE:NRG) had its price objective boosted by equities researchers at BMO Capital Markets from $73.00 to $82.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has a “market perform” rating on the utilities provider’s stock. BMO Capital Markets’ price target would indicate a potential upside of 8.31% from the stock’s current price.

NRG has been the topic of several other research reports. Wells Fargo & Company upped their price target on NRG Energy from $78.00 to $85.00 and gave the stock an “overweight” rating in a report on Monday, March 25th. Morgan Stanley lifted their price objective on shares of NRG Energy from $51.00 to $63.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 26th. Citigroup lifted their price objective on NRG Energy from $52.00 to $62.00 and gave the company a “buy” rating in a report on Friday, March 1st. StockNews.com raised NRG Energy from a “sell” rating to a “hold” rating in a report on Wednesday, March 6th. Finally, Evercore ISI boosted their price target on NRG Energy from $55.00 to $65.00 and gave the stock an “in-line” rating in a research note on Monday, March 18th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $64.25.

NRG Energy Trading Up 3.1 %

Shares of NRG stock traded up $2.31 on Wednesday, hitting $75.71. The stock had a trading volume of 2,263,353 shares, compared to its average volume of 3,619,042. The company has a debt-to-equity ratio of 4.49, a current ratio of 1.02 and a quick ratio of 0.96. The firm has a market capitalization of $16.26 billion, a P/E ratio of -71.22 and a beta of 1.11. NRG Energy has a 1 year low of $30.62 and a 1 year high of $83.03. The company’s 50 day moving average price is $68.32 and its 200-day moving average price is $56.03.

NRG Energy (NYSE:NRG) last posted its quarterly earnings data on Wednesday, February 28th. The utilities provider reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.20. The firm had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $7.51 billion. NRG Energy had a positive return on equity of 44.03% and a negative net margin of 0.70%. Analysts anticipate that NRG Energy will post 5.36 earnings per share for the current year.

Insider Buying and Selling at NRG Energy

In other NRG Energy news, VP Rasesh M. Patel sold 49,092 shares of the business’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $62.59, for a total value of $3,072,668.28. Following the completion of the transaction, the vice president now directly owns 356,962 shares in the company, valued at approximately $22,342,251.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.61% of the stock is currently owned by insiders.

Institutional Trading of NRG Energy

A number of institutional investors have recently added to or reduced their stakes in NRG. LifeSteps Financial Inc. purchased a new stake in NRG Energy during the 1st quarter worth $31,000. Mather Group LLC. purchased a new position in NRG Energy in the 1st quarter valued at about $33,000. Authentikos Wealth Advisory LLC purchased a new position in NRG Energy in the 3rd quarter valued at about $41,000. CENTRAL TRUST Co boosted its position in NRG Energy by 1,005.5% in the 4th quarter. CENTRAL TRUST Co now owns 807 shares of the utilities provider’s stock valued at $42,000 after buying an additional 734 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in NRG Energy by 35.4% in the 4th quarter. Blue Trust Inc. now owns 865 shares of the utilities provider’s stock valued at $45,000 after buying an additional 226 shares during the last quarter. 97.72% of the stock is owned by hedge funds and other institutional investors.

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.