NRG Energy (NYSE:NRG) had its price target hoisted by analysts at Macquarie from $40.00 to $41.00 in a report issued on Thursday, September 20th. The brokerage currently has an “outperform” rating on the utilities provider’s stock. Macquarie’s price objective would indicate a potential upside of 12.73% from the stock’s previous close.

NRG has been the subject of a number of other reports. Zacks Investment Research cut shares of NRG Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 18th. Bank of America started coverage on shares of NRG Energy in a research note on Thursday, May 24th. They set a “buy” rating and a $37.00 price objective for the company. Finally, Citigroup cut shares of NRG Energy from a “buy” rating to a “neutral” rating and set a $33.00 price objective for the company. in a research note on Monday, July 30th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. NRG Energy has a consensus rating of “Buy” and an average target price of $37.00.

NRG Energy stock traded up $0.39 during mid-day trading on Thursday, reaching $36.37. The company had a trading volume of 3,924,523 shares, compared to its average volume of 4,996,792. NRG Energy has a 1 year low of $23.75 and a 1 year high of $38.25. The company has a current ratio of 1.30, a quick ratio of 1.17 and a debt-to-equity ratio of 7.16. The stock has a market cap of $11.35 billion, a PE ratio of 33.37 and a beta of 1.05.

NRG Energy (NYSE:NRG) last issued its earnings results on Thursday, August 2nd. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.55). NRG Energy had a negative net margin of 9.30% and a positive return on equity of 29.44%. The company had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.72 billion. During the same period last year, the business posted $0.36 earnings per share. The company’s quarterly revenue was up 8.2% on a year-over-year basis. On average, sell-side analysts forecast that NRG Energy will post 3.84 EPS for the current fiscal year.

In other NRG Energy news, SVP David Callen sold 9,200 shares of NRG Energy stock in a transaction on Monday, August 6th. The shares were sold at an average price of $33.21, for a total value of $305,532.00. Following the transaction, the senior vice president now owns 39,759 shares in the company, valued at approximately $1,320,396.39. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Elizabeth R. Killinger sold 24,600 shares of NRG Energy stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $35.84, for a total transaction of $881,664.00. Following the transaction, the executive vice president now owns 106,125 shares in the company, valued at approximately $3,803,520. The disclosure for this sale can be found here. Insiders sold a total of 92,975 shares of company stock valued at $3,265,286 over the last ninety days. 0.38% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of the stock. Guidant Wealth Advisors lifted its holdings in NRG Energy by 9,972.7% in the 2nd quarter. Guidant Wealth Advisors now owns 2,216 shares of the utilities provider’s stock worth $109,000 after buying an additional 2,194 shares in the last quarter. Harvest Fund Management Co. Ltd lifted its holdings in NRG Energy by 313.6% in the 2nd quarter. Harvest Fund Management Co. Ltd now owns 3,747 shares of the utilities provider’s stock worth $115,000 after buying an additional 2,841 shares in the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new position in NRG Energy in the 2nd quarter worth $130,000. IFP Advisors Inc lifted its holdings in NRG Energy by 112.2% in the 1st quarter. IFP Advisors Inc now owns 4,352 shares of the utilities provider’s stock worth $133,000 after buying an additional 2,301 shares in the last quarter. Finally, Cerebellum GP LLC acquired a new position in NRG Energy in the 2nd quarter worth $168,000. Institutional investors and hedge funds own 98.92% of the company’s stock.

About NRG Energy

NRG Energy, Inc, together with its subsidiaries, operates as an integrated power company in the United States. The company is involved in the generation of electricity using fossil fuel and nuclear sources. The company provides electricity to 2.9 million residential, commercial, and industrial consumers; system power, distributed generation, solar and wind products, backup generation, storage and distributed solar, demand response, energy efficiency, and on-site energy solutions; and carbon management and specialty services.

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Analyst Recommendations for NRG Energy (NYSE:NRG)

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