Wells Fargo & Company Raises NRG Energy (NYSE:NRG) Price Target to $165.00

NRG Energy (NYSE:NRG) had its price objective upped by Wells Fargo & Company from $140.00 to $165.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the utilities provider’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 56.06% from the stock’s previous close.

A number of other brokerages have also recently issued reports on NRG. Jefferies Financial Group raised shares of NRG Energy from a “hold” rating to a “buy” rating and boosted their target price for the company from $93.00 to $113.00 in a research report on Tuesday, November 26th. Citigroup boosted their price objective on shares of NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, October 31st. 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 report on Tuesday, November 19th. Morgan Stanley boosted their price target on NRG Energy from $86.00 to $99.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 19th. Finally, Evercore ISI raised NRG Energy from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $74.00 to $126.00 in a research report on Tuesday, January 21st. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $121.14.

NRG Energy Stock Performance

NRG opened at $105.73 on Thursday. 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 business has a fifty day simple moving average of $102.10 and a 200 day simple moving average of $93.63. NRG Energy has a 1 year low of $54.12 and a 1 year high of $117.26. The company has a market capitalization of $21.42 billion, a PE ratio of 26.57, a price-to-earnings-growth ratio of 1.01 and a beta of 1.15.

Insiders Place Their Bets

In other NRG Energy news, CFO Bruce Chung sold 20,000 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $97.63, for a total transaction of $1,952,600.00. Following the completion of the transaction, the chief financial officer now owns 69,454 shares of the company’s stock, valued at approximately $6,780,794.02. The trade was a 22.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Robert J. Gaudette sold 60,000 shares of the firm’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 transaction of $5,484,600.00. Following the completion of the sale, the vice president now owns 64,448 shares in the company, valued at approximately $5,891,191.68. The trade was a 48.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.61% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Park Square Financial Group LLC acquired a new stake in shares of NRG Energy during the 4th quarter valued at $53,000. Total Wealth Planning & Management Inc. bought a new position in NRG Energy in the fourth quarter valued at about $1,027,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of NRG Energy during the fourth quarter valued at about $8,074,000. LifeWealth Investments LLC bought a new stake in shares of NRG Energy during the fourth quarter worth about $291,000. Finally, Leigh Baldwin & CO. LLC bought a new position in NRG Energy in the 4th quarter valued at approximately $549,000. 97.72% of the stock is currently 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.