In yesterday’s Wall Street session, NRG Energy Inc. (NYSE:NRG) shares traded at $66.66, up 2.55% from the previous session.
NRG stock price is now 21.98% away from the 50-day moving average and 50.74% away from the 200-day moving average. The market capitalization of the company currently stands at $13.87B.
With the price target of $65, Wells Fargo recently initiated with Overweight rating for NRG Energy Inc. (NYSE: NRG). On November 06, 2023, UBS Upgraded its previous ‘Sell’ rating to ‘Neutral’ on the stock increasing its target price from $33 to quote $46, while ‘Guggenheim’ rates the stock as ‘Buy’
In other news, Killinger Elizabeth R, Exec VP, NRG Home sold 40,000 shares of the company’s stock on Mar 15 ’24. The stock was sold for $2,545,600 at an average price of $63.64. Upon completion of the transaction, the Exec VP, NRG Home now directly owns 107,123 shares in the company, valued at $7.14 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 14 ’24, Exec VP, Smart Home Patel Rasesh M. sold 49,092 shares of the business’s stock. A total of $3,072,668 was realized by selling the stock at an average price of $62.59. This leaves the insider owning 356,962 shares of the company worth $23.8 million. A total of 2.23% of the company’s stock is owned by insiders.
During the past 12 months, NRG Energy Inc. has had a low of $30.50 and a high of $66.15. As of last week, the company has a debt-to-equity ratio of 3.78, a current ratio of 1.02, and a quick ratio of 0.96. The fifty day moving average price for NRG is $54.65 and a two-hundred day moving average price translates $44.22 for the stock.
The latest earnings results from NRG Energy Inc. (NYSE: NRG) was released for Dec, 2023. According to the Utilities – Independent Power Producers Company, earnings per share came in at $2.02, missing analysts’ expectations of $3.01 by -0.99. This compares to -$4.45 EPS in the same period last year. The net profit margin was -0.90% and return on equity was -6.00% for NRG. The company reported revenue of $6.81 billion for the quarter, compared to $7.86 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -13.34 percent. For the current quarter, analysts expect NRG to generate $7.81B in revenue.
