NRG Energy Inc (NYSE:NRG) has been given a consensus rating of “Buy” by the eight research firms that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $47.29.

Several equities analysts recently commented on NRG shares. SunTrust Banks upped their target price on shares of NRG Energy from $37.00 to $39.00 and gave the company a “hold” rating in a research note on Tuesday, September 17th. Zacks Investment Research raised shares of NRG Energy from a “hold” rating to a “strong-buy” rating and set a $45.00 price target on the stock in a report on Wednesday, November 13th. Citigroup boosted their price target on shares of NRG Energy from $45.00 to $46.00 and gave the company a “buy” rating in a report on Friday, October 18th. ValuEngine raised shares of NRG Energy from a “sell” rating to a “hold” rating in a report on Wednesday, December 18th. Finally, Morgan Stanley lowered their price target on shares of NRG Energy from $55.00 to $54.00 and set an “overweight” rating on the stock in a report on Monday, December 16th.

In related news, VP Robert J. Gaudette sold 13,372 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $39.56, for a total transaction of $528,996.32. Following the transaction, the vice president now owns 77,334 shares in the company, valued at approximately $3,059,333.04. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Kirkland B. Andrews sold 100,000 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $39.51, for a total transaction of $3,951,000.00. Following the transaction, the chief financial officer now owns 198,653 shares in the company, valued at approximately $7,848,780.03. The disclosure for this sale can be found here. In the last quarter, insiders have sold 184,372 shares of company stock worth $7,161,481. 0.56% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of NRG. Point72 Hong Kong Ltd acquired a new position in NRG Energy during the 2nd quarter valued at about $34,000. Garrett Wealth Advisory Group LLC acquired a new position in NRG Energy during the 3rd quarter valued at about $40,000. CSat Investment Advisory L.P. lifted its position in NRG Energy by 128.2% during the 2nd quarter. CSat Investment Advisory L.P. now owns 1,312 shares of the utilities provider’s stock valued at $46,000 after purchasing an additional 737 shares during the period. Quantamental Technologies LLC acquired a new position in NRG Energy during the 2nd quarter valued at about $136,000. Finally, Moody National Bank Trust Division acquired a new position in NRG Energy during the 3rd quarter valued at about $218,000. Institutional investors and hedge funds own 97.04% of the company’s stock.

NYSE:NRG traded up $0.58 during trading hours on Tuesday, hitting $37.50. 2,596,591 shares of the company traded hands, compared to its average volume of 2,591,707. The stock has a market capitalization of $9.38 billion, a price-to-earnings ratio of 15.56, a P/E/G ratio of 0.16 and a beta of 0.74. NRG Energy has a twelve month low of $32.63 and a twelve month high of $43.66. The firm has a 50-day moving average of $39.01 and a 200 day moving average of $37.79.

NRG Energy (NYSE:NRG) last released its earnings results on Thursday, November 7th. The utilities provider reported $1.88 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.10 by ($0.22). The company had revenue of $3 billion for the quarter, compared to analyst estimates of $4.44 billion. NRG Energy had a net margin of 10.85% and a negative return on equity of 53.61%. NRG Energy’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.96 earnings per share. On average, analysts expect that NRG Energy will post 4.46 EPS for the current year.

NRG Energy Company Profile

NRG Energy, Inc, together with its subsidiaries, operates as an energy company in the United States. The company is involved in the producing, selling, and delivering electricity and related products and services to 3.1 million residential, industrial, and commercial consumers. It generates electricity using natural gas, coal, oil, solar, nuclear, wind, fossil fuel, and nuclear sources.

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Analyst Recommendations for NRG Energy (NYSE:NRG)

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