NRG Energy (NYSE:NRG) Stock Price Expected to Rise, Scotiabank Analyst Says

NRG Energy (NYSE:NRG) had its target price increased by Scotiabank from $223.00 to $226.00 in a note issued to investors on Wednesday, MarketBeat.com reports. The brokerage presently has a “sector outperform” rating on the utilities provider’s stock. Scotiabank’s target price would indicate a potential upside of 70.17% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. BNP Paribas Exane assumed coverage on NRG Energy in a research note on Wednesday, March 18th. They set an “outperform” rating and a $232.00 target price for the company. Raymond James Financial set a $210.00 price target on shares of NRG Energy in a research note on Monday, April 27th. Siebert Williams Shank initiated coverage on shares of NRG Energy in a report on Monday, July 6th. They set a “buy” rating and a $184.00 price objective on the stock. Weiss Ratings downgraded shares of NRG Energy from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 11th. Finally, Barclays lowered their target price on shares of NRG Energy from $203.00 to $200.00 and set an “overweight” rating for the company in a report on Tuesday, March 31st. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $199.93.

NRG Energy Stock Performance

NYSE:NRG opened at $132.81 on Wednesday. NRG Energy has a 12 month low of $120.11 and a 12 month high of $189.96. The company has a debt-to-equity ratio of 4.68, a current ratio of 0.84 and a quick ratio of 0.78. The firm has a market capitalization of $28.02 billion, a PE ratio of 156.25 and a beta of 1.21. The business’s fifty day moving average price is $135.50 and its 200 day moving average price is $149.80.

NRG Energy (NYSE:NRG) last announced its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.30). The business had revenue of $10.26 billion for the quarter, compared to analysts’ expectations of $8.43 billion. NRG Energy had a return on equity of 70.67% and a net margin of 0.74%.The firm’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period last year, the firm earned $2.68 earnings per share. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. On average, sell-side analysts anticipate that NRG Energy will post 8.89 earnings per share for the current fiscal year.

Insider Transactions at NRG Energy

In related news, VP Virginia Kinney sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $127.52, for a total transaction of $2,550,400.00. Following the transaction, the vice president owned 45,111 shares in the company, valued at $5,752,554.72. This trade represents a 30.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On NRG Energy

Large investors have recently modified their holdings of the company. Brighton Jones LLC raised its position in NRG Energy by 41.8% in the 4th quarter. Brighton Jones LLC now owns 5,187 shares of the utilities provider’s stock valued at $468,000 after purchasing an additional 1,528 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new position in NRG Energy during the 1st quarter worth $323,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in NRG Energy by 7.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,257 shares of the utilities provider’s stock worth $1,934,000 after purchasing an additional 1,381 shares during the last quarter. Woodline Partners LP increased its stake in NRG Energy by 40.7% in the first quarter. Woodline Partners LP now owns 17,114 shares of the utilities provider’s stock valued at $1,634,000 after purchasing an additional 4,949 shares during the period. Finally, Marshall Wace LLP purchased a new stake in shares of NRG Energy in the second quarter valued at about $7,937,000. 97.72% of the stock is owned by institutional investors and hedge funds.

About NRG Energy

NRG Energy (NYSE: NRG) is a U.S.-based integrated power company headquartered in Houston, Texas. The company develops, owns and operates a diversified portfolio of power generation assets and participates in wholesale and retail energy markets. NRG supplies electricity to utilities, commercial and industrial customers, and retail consumers, while also providing energy-related products and services designed to manage consumption and support reliability.

NRG’s generation mix includes conventional thermal plants as well as renewable and distributed energy resources.