Wells Fargo & Company Boosts NRG Energy (NYSE:NRG) Price Target to $100.00

NRG Energy (NYSE:NRG) had its price target raised by Wells Fargo & Company from $85.00 to $100.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the utilities provider’s stock. Wells Fargo & Company‘s target price indicates a potential upside of 22.31% from the company’s current price.

Other analysts have also recently issued reports about the company. BMO Capital Markets upped their target price on NRG Energy from $73.00 to $82.00 and gave the company a “market perform” rating in a research report on Wednesday. Citigroup increased their price objective on NRG Energy from $52.00 to $62.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. StockNews.com upgraded NRG Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, March 6th. Evercore ISI lifted their target price on NRG Energy from $55.00 to $65.00 and gave the company an “in-line” rating in a research note on Monday, March 18th. Finally, Morgan Stanley lifted their target price on NRG Energy from $51.00 to $63.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 26th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, NRG Energy has an average rating of “Hold” and an average target price of $64.25.

NRG Energy Stock Up 7.8 %

Shares of NYSE NRG opened at $81.76 on Wednesday. The stock has a market cap of $17.56 billion, a PE ratio of -76.41 and a beta of 1.11. The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 4.49. NRG Energy has a 52-week low of $30.62 and a 52-week high of $83.03. The business has a 50-day moving average price of $69.28 and a 200 day moving average price of $56.34.

NRG Energy (NYSE:NRG) last announced its earnings results on Wednesday, February 28th. The utilities provider reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.20. The firm had revenue of $6.81 billion during the quarter, compared to analysts’ expectations of $7.51 billion. NRG Energy had a positive return on equity of 44.03% and a negative net margin of 0.70%. Equities research analysts forecast that NRG Energy will post 5.36 earnings per share for the current year.

Insider Transactions at NRG Energy

In other news, VP Rasesh M. Patel sold 49,092 shares of the business’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $62.59, for a total value of $3,072,668.28. Following the completion of the transaction, the vice president now directly owns 356,962 shares of the company’s stock, valued at $22,342,251.58. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.61% of the company’s stock.

Hedge Funds Weigh In On NRG Energy

Institutional investors have recently made changes to their positions in the stock. LifeSteps Financial Inc. acquired a new position in shares of NRG Energy in the first quarter worth $31,000. Mather Group LLC. acquired a new position in NRG Energy in the first quarter valued at $33,000. Authentikos Wealth Advisory LLC acquired a new position in NRG Energy in the third quarter valued at $41,000. CENTRAL TRUST Co increased its stake in NRG Energy by 1,005.5% in the fourth quarter. CENTRAL TRUST Co now owns 807 shares of the utilities provider’s stock valued at $42,000 after purchasing an additional 734 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in NRG Energy by 35.4% in the fourth quarter. Blue Trust Inc. now owns 865 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 226 shares during the last quarter. 97.72% of the stock is owned by institutional investors and hedge funds.

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.