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

NRG Energy (NYSE:NRG) had its price objective hoisted by analysts at BMO Capital Markets from $94.00 to $100.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “market perform” rating on the utilities provider’s stock. BMO Capital Markets’ price target suggests a potential upside of 5.80% from the company’s current price.

NRG has been the subject of a number of other reports. Guggenheim upped their price target on shares of NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Wells Fargo & Company upped their price target on shares of NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. StockNews.com lowered shares of NRG Energy from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Jefferies Financial Group initiated coverage on shares of NRG Energy in a report on Friday, September 13th. They issued a “hold” rating and a $82.00 price objective on the stock. Finally, Citigroup boosted their price objective on shares of NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, NRG Energy currently has a consensus rating of “Hold” and a consensus target price of $98.29.

NRG Energy Stock Down 0.4 %

Shares of NYSE NRG opened at $94.52 on Tuesday. NRG Energy has a 52-week low of $44.90 and a 52-week high of $102.84. The firm has a fifty day moving average of $89.43 and a 200-day moving average of $82.84. The stock has a market capitalization of $19.15 billion, a PE ratio of 23.75, a P/E/G ratio of 1.34 and a beta of 1.10. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57.

Insider Buying and Selling

In related news, insider Rasesh M. Patel sold 102,603 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $80.35, for a total transaction of $8,244,151.05. Following the sale, the insider now owns 163,680 shares in the company, valued at $13,151,688. This represents a 38.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.86% of the stock is owned by company insiders.

Institutional Investors Weigh In On NRG Energy

Institutional investors and hedge funds have recently bought and sold shares of the business. Ashton Thomas Securities LLC bought a new position in NRG Energy in the 3rd quarter worth about $26,000. Covestor Ltd grew its position in NRG Energy by 74.7% in the 3rd quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 139 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in NRG Energy in the 3rd quarter worth about $35,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in NRG Energy in the 3rd quarter worth about $36,000. Finally, Rothschild Investment LLC bought a new position in NRG Energy in the 2nd quarter worth about $32,000. Institutional investors and hedge funds own 97.72% of the company’s stock.

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.