NRG Energy (NYSE:NRG)‘s stock had its “equal weight” rating reiterated by analysts at Morgan Stanley in a report released on Monday, MarketBeat reports. They currently have a $46.00 target price on the utilities provider’s stock. Morgan Stanley’s target price suggests a potential upside of 8.08% from the company’s current price.

A number of other equities research analysts have also recently issued reports on the company. ValuEngine upgraded NRG Energy from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th. Macquarie set a $48.00 target price on NRG Energy and gave the company a “buy” rating in a research note on Friday, March 1st. Deutsche Bank set a $43.00 target price on NRG Energy and gave the company a “hold” rating in a research note on Friday, March 1st. Zacks Investment Research upgraded NRG Energy from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research note on Wednesday, January 23rd. Finally, Citigroup raised their target price on NRG Energy from $38.00 to $47.00 and gave the company a “buy” rating in a research note on Monday, December 10th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $43.00.

NRG stock traded down $0.26 during mid-day trading on Monday, reaching $42.56. The company had a trading volume of 27,769 shares, compared to its average volume of 4,459,927. The company has a debt-to-equity ratio of 7.16, a quick ratio of 1.33 and a current ratio of 1.50. The stock has a market capitalization of $11.95 billion, a price-to-earnings ratio of 17.61, a PEG ratio of 0.21 and a beta of 0.78. NRG Energy has a one year low of $29.82 and a one year high of $43.66.

In related news, SVP David Callen sold 41,011 shares of NRG Energy stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $41.83, for a total transaction of $1,715,490.13. Following the transaction, the senior vice president now directly owns 58,130 shares of the company’s stock, valued at $2,431,577.90. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Robert J. Gaudette sold 18,571 shares of NRG Energy stock in a transaction dated Thursday, January 10th. The stock was sold at an average price of $39.42, for a total value of $732,068.82. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 93,878 shares of company stock worth $3,758,695. Company insiders own 0.56% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in NRG. TrimTabs Asset Management LLC purchased a new position in NRG Energy in the 4th quarter worth about $1,100,000. Polianta Ltd purchased a new position in NRG Energy during the 4th quarter valued at about $1,602,000. PFG Advisors purchased a new position in NRG Energy during the 4th quarter valued at about $1,148,000. Federated Investors Inc. PA grew its stake in NRG Energy by 35.6% during the 3rd quarter. Federated Investors Inc. PA now owns 47,369 shares of the utilities provider’s stock valued at $1,772,000 after acquiring an additional 12,438 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in NRG Energy during the 4th quarter valued at about $1,901,000. 97.24% of the stock is currently owned by hedge funds and other institutional investors.

About NRG Energy

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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