NRG Energy (NYSE:NRG) Upgraded to Outperform at Evercore ISI

Evercore ISI upgraded shares of NRG Energy (NYSE:NRG) from an in-line rating to an outperform rating in a research note released on Tuesday, Marketbeat.com reports. They currently have $126.00 target price on the utilities provider’s stock, up from their previous target price of $74.00.

NRG has been the subject of several other reports. Wells Fargo & Company boosted their price objective on NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Guggenheim lifted their price target on NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. BMO Capital Markets lifted 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 note on Tuesday, November 19th. Jefferies Financial Group raised shares of NRG Energy from a “hold” rating to a “buy” rating and increased their price target for the company from $93.00 to $113.00 in a research note on Tuesday, November 26th. Finally, 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. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $111.43.

NRG Energy Stock Up 6.8 %

Shares of NRG opened at $111.57 on Tuesday. The firm has a market cap of $22.60 billion, a P/E ratio of 28.03, a PEG ratio of 1.23 and a beta of 1.15. The stock’s 50 day moving average is $96.39 and its two-hundred day moving average is $87.92. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. NRG Energy has a 12 month low of $51.26 and a 12 month high of $112.79.

Insider Transactions at NRG Energy

In other NRG Energy news, CFO Bruce Chung sold 20,000 shares of the company’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $97.63, for a total transaction of $1,952,600.00. Following the sale, the chief financial officer now owns 69,454 shares in the company, valued at $6,780,794.02. This represents a 22.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Robert J. Gaudette sold 60,000 shares of NRG Energy stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $91.41, for a total value of $5,484,600.00. Following the completion of the transaction, the vice president now owns 64,448 shares of the company’s stock, valued at $5,891,191.68. The trade was a 48.21 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On NRG Energy

Institutional investors have recently modified their holdings of the company. M&T Bank Corp raised its stake in NRG Energy by 0.3% in the third quarter. M&T Bank Corp now owns 38,213 shares of the utilities provider’s stock valued at $3,481,000 after buying an additional 113 shares in the last quarter. McIlrath & Eck LLC raised its position in shares of NRG Energy by 4.5% during the 3rd quarter. McIlrath & Eck LLC now owns 2,630 shares of the utilities provider’s stock worth $240,000 after acquiring an additional 113 shares in the last quarter. Castle Rock Wealth Management LLC lifted its stake in NRG Energy by 3.5% during the third quarter. Castle Rock Wealth Management LLC now owns 3,746 shares of the utilities provider’s stock worth $356,000 after purchasing an additional 126 shares during the last quarter. Grove Bank & Trust boosted its holdings in NRG Energy by 29.7% in the fourth quarter. Grove Bank & Trust now owns 564 shares of the utilities provider’s stock valued at $51,000 after purchasing an additional 129 shares in the last quarter. Finally, Hanseatic Management Services Inc. increased its stake in NRG Energy by 12.0% in the fourth quarter. Hanseatic Management Services Inc. now owns 1,244 shares of the utilities provider’s stock valued at $112,000 after purchasing an additional 133 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.