Analysts Set NRG Energy, Inc. (NYSE:NRG) Target Price at $102.71

Shares of NRG Energy, Inc. (NYSE:NRG) have been given an average recommendation of “Moderate Buy” by the seven brokerages that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $102.71.

NRG has been the subject of a number of research reports. Guggenheim raised their price target on shares of NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Citigroup lifted their price target on shares of NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Wells Fargo & Company upped their price objective on shares of NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. BMO Capital Markets boosted their target price on shares of NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 19th. Finally, Jefferies Financial Group raised shares of NRG Energy from a “hold” rating to a “buy” rating and raised their price target for the company from $93.00 to $113.00 in a research report on Tuesday, November 26th.

Insider Activity

In related news, CFO Bruce Chung sold 20,000 shares of the firm’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $97.63, for a total transaction of $1,952,600.00. Following the completion of the sale, the chief financial officer now 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Robert J. Gaudette sold 60,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $91.41, for a total transaction of $5,484,600.00. Following the completion of the transaction, the vice president now owns 64,448 shares in the company, valued at approximately $5,891,191.68. The trade was a 48.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On NRG Energy

Several institutional investors have recently added to or reduced their stakes in NRG. Ashton Thomas Securities LLC purchased a new stake in shares of NRG Energy during the 3rd quarter valued at approximately $26,000. Covestor Ltd lifted its position in shares of NRG Energy by 74.7% during the third quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 139 shares in the last quarter. Harbor Capital Advisors Inc. bought a new position in shares of NRG Energy in the third quarter worth $35,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of NRG Energy in the third quarter valued at $36,000. Finally, RPg Family Wealth Advisory LLC bought a new stake in shares of NRG Energy during the 3rd quarter valued at $43,000. 97.72% of the stock is owned by hedge funds and other institutional investors.

NRG Energy Price Performance

Shares of NRG opened at $104.07 on Thursday. The firm has a market cap of $21.08 billion, a PE ratio of 26.15, a price-to-earnings-growth ratio of 1.17 and a beta of 1.15. NRG Energy has a 52-week low of $50.24 and a 52-week high of $104.92. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17. The business’s 50 day moving average price is $95.21 and its two-hundred day moving average price is $86.94.

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.