NRG Energy (NYSE:NRG) Now Covered by Siebert Williams Shank

Equities researchers at Siebert Williams Shank initiated coverage on shares of NRG Energy (NYSE:NRG) in a research report issued to clients and investors on Monday. The firm set a “buy” rating and a $184.00 price target on the utilities provider’s stock. Siebert Williams Shank’s price target would suggest a potential upside of 34.75% from the company’s previous close.

A number of other equities research analysts have also recently weighed in on NRG. Raymond James Financial set a $210.00 price objective on NRG Energy in a research note on Monday, April 27th. Barclays reduced their price target on shares of NRG Energy from $203.00 to $200.00 and set an “overweight” rating for the company in a research report on Tuesday, March 31st. Weiss Ratings downgraded shares of NRG Energy from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 11th. Wolfe Research raised NRG Energy from a “peer perform” rating to an “outperform” rating and set a $190.00 price target on the stock in a report on Wednesday, March 18th. Finally, BNP Paribas Exane began coverage on NRG Energy in a research report on Wednesday, March 18th. They issued an “outperform” rating and a $232.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $197.80.

NRG Energy Trading Down 0.1%

NYSE NRG opened at $136.55 on Monday. The firm’s fifty day moving average price is $138.26 and its 200 day moving average price is $150.98. NRG Energy has a 12 month low of $120.11 and a 12 month high of $189.96. The company has a debt-to-equity ratio of 4.68, a current ratio of 0.84 and a quick ratio of 0.78. The company has a market capitalization of $28.81 billion, a price-to-earnings ratio of 160.65 and a beta of 1.21.

NRG Energy (NYSE:NRG) last announced its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.30). The company had revenue of $10.26 billion during the quarter, compared to analysts’ expectations of $8.43 billion. NRG Energy had a net margin of 0.74% and a return on equity of 70.67%. NRG Energy’s revenue was up 19.5% on a year-over-year basis. During the same period last year, the firm earned $2.68 earnings per share. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. On average, sell-side analysts expect that NRG Energy will post 8.89 earnings per share for the current fiscal year.

Insider Activity

In related news, VP Virginia Kinney sold 20,000 shares of NRG Energy stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $127.52, for a total transaction of $2,550,400.00. Following the completion of the transaction, the vice president directly owned 45,111 shares in the company, valued at $5,752,554.72. The trade was a 30.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is owned by corporate insiders.

Institutional Trading of NRG Energy

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Hilltop National Bank acquired a new stake in shares of NRG Energy during the 2nd quarter worth about $45,000. CX Institutional raised its position in shares of NRG Energy by 19.2% in the second quarter. CX Institutional now owns 50,196 shares of the utilities provider’s stock valued at $7,332,000 after buying an additional 8,092 shares during the last quarter. Hamilton Wealth LLC lifted its stake in shares of NRG Energy by 10.2% during the first quarter. Hamilton Wealth LLC now owns 1,711 shares of the utilities provider’s stock valued at $250,000 after buying an additional 159 shares during the period. Sapient Capital LLC acquired a new stake in NRG Energy during the first quarter worth approximately $327,000. Finally, Western Wealth Management LLC acquired a new stake in NRG Energy during the first quarter worth approximately $151,000. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

About NRG Energy

NRG Energy (NYSE: NRG) is a U.S.-based integrated power company headquartered in Houston, Texas. The company develops, owns and operates a diversified portfolio of power generation assets and participates in wholesale and retail energy markets. NRG supplies electricity to utilities, commercial and industrial customers, and retail consumers, while also providing energy-related products and services designed to manage consumption and support reliability.

NRG’s generation mix includes conventional thermal plants as well as renewable and distributed energy resources.