NRG Energy (NYSE:NRG) Rating Lowered to “Hold” at StockNews.com

NRG Energy (NYSE:NRG) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Saturday.

A number of other equities research analysts also recently issued reports on the company. Wells Fargo & Company increased their price objective on NRG Energy from $140.00 to $165.00 and gave the stock an “overweight” rating in a research report on Thursday, February 27th. Guggenheim lifted their price target on NRG Energy from $134.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Morgan Stanley upped their price objective on shares of NRG Energy from $86.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 19th. Evercore ISI raised shares of NRG Energy from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $74.00 to $126.00 in a research note on Tuesday, January 21st. Finally, Jefferies Financial Group upgraded NRG Energy from a “hold” rating to a “buy” rating and raised their price target for the company from $93.00 to $113.00 in a research report on Tuesday, November 26th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, NRG Energy currently has an average rating of “Moderate Buy” and a consensus target price of $123.29.

NRG Energy Price Performance

Shares of NYSE:NRG opened at $88.02 on Friday. The company has a 50 day moving average of $102.48 and a 200 day moving average of $94.05. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. The stock has a market cap of $17.43 billion, a P/E ratio of 22.11, a P/E/G ratio of 1.01 and a beta of 1.13. NRG Energy has a 12 month low of $59.50 and a 12 month high of $117.26.

Insider Buying and Selling

In other NRG Energy news, CFO Bruce Chung sold 20,000 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $97.63, for a total value of $1,952,600.00. Following the completion of the sale, the chief financial officer now owns 69,454 shares in the company, valued at approximately $6,780,794.02. This trade represents a 22.36 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Robert J. Gaudette sold 60,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $91.41, for a total value of $5,484,600.00. Following the transaction, the vice president now directly owns 64,448 shares in the company, valued at $5,891,191.68. This trade represents a 48.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.86% of the stock is owned by insiders.

Institutional Trading of NRG Energy

Large investors have recently added to or reduced their stakes in the stock. Siemens Fonds Invest GmbH purchased a new stake in shares of NRG Energy in the 4th quarter worth about $212,000. Park Square Financial Group LLC bought a new position in NRG Energy in the fourth quarter worth about $53,000. Total Wealth Planning & Management Inc. purchased a new stake in NRG Energy in the fourth quarter worth about $1,027,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in NRG Energy during the 4th quarter valued at approximately $8,074,000. Finally, LifeWealth Investments LLC purchased a new position in shares of NRG Energy during the 4th quarter worth approximately $291,000. Institutional investors own 97.72% of the company’s stock.

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.