NRG Energy (NYSE:NRG) Stock Rating Upgraded by Jefferies Financial Group

NRG Energy (NYSE:NRG) was upgraded by research analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, MarketBeat reports. The brokerage presently has a $113.00 price target on the utilities provider’s stock, up from their prior price target of $93.00. Jefferies Financial Group’s price target would suggest a potential upside of 14.27% from the company’s current price.

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

NRG Energy Trading Down 2.2 %

NYSE:NRG opened at $98.89 on Tuesday. The stock has a market capitalization 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 52 week low of $46.23 and a 52 week high of $102.84. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57. The firm has a 50 day moving average of $90.68 and a 200 day moving average of $83.37.

Insider Activity at NRG Energy

In related news, insider Rasesh M. Patel sold 102,603 shares of the firm’s stock in a transaction on 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 completion of the transaction, the insider now owns 163,680 shares of the company’s stock, valued at $13,151,688. This trade represents a 38.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.61% of the stock is owned by insiders.

Institutional Investors Weigh In On NRG Energy

Hedge funds have recently added to or reduced their stakes in the business. B. Riley Wealth Advisors Inc. lifted its holdings in NRG Energy by 24.1% in the first quarter. B. Riley Wealth Advisors Inc. now owns 22,761 shares of the utilities provider’s stock valued at $1,541,000 after acquiring an additional 4,421 shares during the period. Tidal Investments LLC boosted its holdings in NRG Energy by 35.6% during the first quarter. Tidal Investments LLC now owns 29,321 shares of the utilities provider’s stock worth $1,985,000 after buying an additional 7,705 shares in the last quarter. National Wealth Management Group LLC grew its position in NRG Energy by 15.9% during the first quarter. National Wealth Management Group LLC now owns 7,705 shares of the utilities provider’s stock valued at $522,000 after buying an additional 1,058 shares during the period. Virtu Financial LLC purchased a new position in NRG Energy in the first quarter valued at $349,000. Finally, Cetera Investment Advisers raised its position in shares of NRG Energy by 104.5% in the first quarter. Cetera Investment Advisers now owns 73,865 shares of the utilities provider’s stock worth $5,000,000 after acquiring an additional 37,750 shares during the period. 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.