NRG Energy (NYSE:NRG – Get Free Report) had its price objective reduced by investment analysts at Morgan Stanley from $159.00 to $144.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has an “equal weight” rating on the utilities provider’s stock. Morgan Stanley’s price target would suggest a potential upside of 43.76% from the stock’s previous close.
Several other analysts also recently commented on NRG. Wells Fargo & Company raised their target price on NRG Energy from $203.00 to $209.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. BMO Capital Markets reaffirmed a “market perform” rating and set a $214.00 price target on shares of NRG Energy in a research note on Thursday, August 6th. Evercore reiterated an “outperform” rating and issued a $195.00 price target on shares of NRG Energy in a report on Wednesday, August 5th. Siebert Williams Shank assumed coverage on NRG Energy in a research note on Monday, July 6th. They issued a “buy” rating and a $184.00 price objective for the company. Finally, Scotiabank decreased their price objective on NRG Energy from $226.00 to $211.00 and set a “sector outperform” rating for the company in a report on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, NRG Energy has an average rating of “Moderate Buy” and an average target price of $183.50.
Get Our Latest Analysis on NRG
NRG Energy Trading Up 2.4%
Shares of NRG stock traded up $2.33 during trading hours on Wednesday, hitting $100.17. 780,115 shares of the company were exchanged, compared to its average volume of 2,740,481. The company has a debt-to-equity ratio of 5.17, a quick ratio of 0.89 and a current ratio of 0.97. NRG Energy has a fifty-two week low of $93.36 and a fifty-two week high of $189.96. The company has a 50 day simple moving average of $108.41 and a two-hundred day simple moving average of $128.89. The firm has a market cap of $21.13 billion, a P/E ratio of 26.43 and a beta of 1.17.
NRG Energy (NYSE:NRG – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.20). NRG Energy had a return on equity of 52.95% and a net margin of 2.56%. The company had revenue of $7.48 billion during the quarter, compared to analyst estimates of $7.31 billion. During the same quarter in the previous year, the business posted $1.73 earnings per share. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. Equities analysts anticipate that NRG Energy will post 8.61 EPS for the current year.
Insider Buying and Selling at NRG Energy
In related news, CAO Gerald Alfred Spencer sold 1,580 shares of the company’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $120.93, for a total value of $191,069.40. Following the sale, the chief accounting officer owned 6,213 shares in the company, valued at $751,338.09. This represents a 20.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On NRG Energy
Hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp purchased a new position in shares of NRG Energy during the 2nd quarter valued at $473,391,000. Bank of America Corp DE increased its holdings in NRG Energy by 16.7% in the 1st quarter. Bank of America Corp DE now owns 2,192,394 shares of the utilities provider’s stock worth $320,396,000 after acquiring an additional 313,410 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in NRG Energy by 1.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,191,133 shares of the utilities provider’s stock valued at $320,145,000 after acquiring an additional 21,666 shares during the period. Assenagon Asset Management S.A. raised its stake in NRG Energy by 96.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 967,264 shares of the utilities provider’s stock valued at $141,279,000 after acquiring an additional 474,474 shares during the period. Finally, Sei Investments Co. lifted its holdings in NRG Energy by 50.4% during the first quarter. Sei Investments Co. now owns 857,186 shares of the utilities provider’s stock valued at $125,268,000 after purchasing an additional 287,381 shares during the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.
NRG Energy Company Profile
NRG Energy, Inc is an integrated power and home services company headquartered in Houston, Texas. The company produces and sells electricity through a diverse generation portfolio that includes natural gas, coal, nuclear power, renewable energy and battery storage. NRG serves wholesale and retail energy markets, with operations and customers primarily in the United States and Canada.
Through retail brands including Reliant and Direct Energy, NRG provides electricity, natural gas and related energy products to residential, commercial and industrial customers.
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