In yesterday’s Wall Street session, NRG Energy Inc. (NYSE:NRG) shares traded at $45.83, up 1.39% from the previous session.
11 analysts cover NRG Energy Inc. (NYSE:NRG), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $52.00 and a low of $40.00, we find $47.50. Given the previous closing price of $45.20, this indicates a potential upside of 5.09 percent. NRG stock price is now 9.76% away from the 50-day moving average and 24.82% away from the 200-day moving average. The market capitalization of the company currently stands at $10.35B.
The stock has received a hold rating from 7 analysts and a buy rating from 3. Brokers who have rated the stock have averaged $47.00 as their price target over the next twelve months.
With the price target enhanced from $33 to $46, UBS Upgraded its rating from Sell to Neutral for NRG Energy Inc. (NYSE: NRG).
In other news, HOBBY PAUL W, Director bought 3,500 shares of the company’s stock on Dec 16. The stock was bought for $109,795 at an average price of $31.37. Upon completion of the transaction, the Director now directly owns 89,320 shares in the company, valued at $4.09 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 16, Director Donohue Elisabeth B bought 2,500 shares of the business’s stock. A total of $78,300 was incurred on buying the stock at an average price of $31.32. This leaves the insider owning 17,724 shares of the company worth $0.81 million. Insiders disposed of 95,408 shares of company stock worth roughly $4.37 million over the past 1 year. A total of 3.52% of the company’s stock is owned by insiders.
On Wednesday morning NRG Energy Inc. (NYSE: NRG) stock kicked off with the opening price of $45.37. During the past 12 months, NRG Energy Inc. has had a low of $30.25 and a high of $48.58. As of last week, the company has a debt-to-equity ratio of 3.38, a current ratio of 1.06, and a quick ratio of 0.99. The fifty day moving average price for NRG is $41.76 and a two-hundred day moving average price translates $36.72 for the stock.
The latest earnings results from NRG Energy Inc. (NYSE: NRG) was released for Sep, 2023. According to the Utilities – Independent Power Producers Company, earnings per share came in at $1.41, missing analysts’ expectations of $4.04 by -2.63. This compares to $0.29 EPS in the same period last year. The net profit margin was -6.17% and return on equity was -41.14% for NRG. The company reported revenue of $7.95 billion for the quarter, compared to $8.51 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -6.63 percent. For the current quarter, analysts expect NRG to generate $5.58B in revenue.
