NRG Energy (NYSE:NRG) Raised to Buy at Jefferies Financial Group

NRG Energy (NYSE:NRG) was upgraded by research analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday,Briefing.com Automated Import reports. The firm presently has a $113.00 price target on the utilities provider’s stock, up from their prior price target of $93.00. Jefferies Financial Group’s price objective would suggest a potential upside of 22.93% from the company’s current price.

A number of other analysts have also recently commented on NRG. Wells Fargo & Company increased their price target on shares of NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. BMO Capital Markets raised 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. Citigroup raised their target price on shares of NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. StockNews.com cut shares of NRG Energy from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Finally, Guggenheim raised their target price on shares of NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $102.71.

NRG Energy Stock Performance

Shares of NRG stock opened at $91.92 on Tuesday. The stock has a market cap of $18.62 billion, a P/E ratio of 23.10, a P/E/G ratio of 1.39 and a beta of 1.10. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. The company has a fifty day moving average price of $90.28 and a two-hundred day moving average price of $83.25. NRG Energy has a one year low of $45.46 and a one year high of $102.84.

Insider Buying and Selling at NRG Energy

In other NRG Energy news, insider Rasesh M. Patel sold 102,603 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $80.35, for a total value of $8,244,151.05. Following the transaction, the insider now directly owns 163,680 shares of the company’s stock, valued at $13,151,688. This trade represents a 38.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.61% of the company’s stock.

Hedge Funds Weigh In On NRG Energy

Hedge funds have recently bought and sold shares of the company. McIlrath & Eck LLC boosted its stake in shares of NRG Energy by 4.5% in the 3rd quarter. McIlrath & Eck LLC now owns 2,630 shares of the utilities provider’s stock valued at $240,000 after purchasing an additional 113 shares in the last quarter. M&T Bank Corp boosted its stake in shares of NRG Energy by 0.3% in the 3rd quarter. M&T Bank Corp now owns 38,213 shares of the utilities provider’s stock valued at $3,481,000 after purchasing an additional 113 shares in the last quarter. Castle Rock Wealth Management LLC boosted its stake in shares of NRG Energy by 3.5% in the 3rd quarter. Castle Rock Wealth Management LLC now owns 3,746 shares of the utilities provider’s stock valued at $356,000 after purchasing an additional 126 shares in the last quarter. Park Avenue Securities LLC boosted its stake in shares of NRG Energy by 2.8% in the 3rd quarter. Park Avenue Securities LLC now owns 4,910 shares of the utilities provider’s stock valued at $447,000 after purchasing an additional 134 shares in the last quarter. Finally, Covestor Ltd boosted its stake in shares of NRG Energy by 74.7% in the 3rd quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 139 shares in the last quarter. 97.72% of the stock is owned by 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.