Morgan Stanley Analysts Give NRG Energy (NYSE:NRG) a $47.00 Price Target

NRG Energy (NYSE:NRG) has been assigned a $47.00 target price by investment analysts at Morgan Stanley in a report issued on Friday, TipRanks reports. The brokerage currently has a “hold” rating on the utilities provider’s stock. Morgan Stanley’s price objective indicates a potential upside of 32.54% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of NRG Energy from a “strong-buy” rating to a “hold” rating and set a $41.00 price objective for the company. in a research report on Monday, May 27th. Goldman Sachs Group raised shares of NRG Energy from a “buy” rating to a “conviction-buy” rating and set a $56.00 price objective for the company in a research report on Monday, June 24th. Finally, ValuEngine downgraded shares of NRG Energy from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $45.25.

NRG stock traded down $0.01 during trading on Friday, reaching $35.46. The stock had a trading volume of 3,601,322 shares, compared to its average volume of 3,459,703. NRG Energy has a one year low of $32.63 and a one year high of $43.66. The company’s 50 day moving average is $34.94 and its two-hundred day moving average is $38.33. The company has a market capitalization of $8.68 billion, a price-to-earnings ratio of 14.71, a P/E/G ratio of 0.25 and a beta of 0.79.

NRG Energy (NYSE:NRG) last issued its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $0.70 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.78 by ($0.08). NRG Energy had a negative return on equity of 45.11% and a net margin of 6.20%. The firm had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the previous year, the company posted $0.31 earnings per share. The company’s revenue for the quarter was up .2% on a year-over-year basis. Equities research analysts anticipate that NRG Energy will post 3.83 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the company. Redhawk Wealth Advisors Inc. bought a new position in shares of NRG Energy during the 2nd quarter valued at approximately $26,000. Valeo Financial Advisors LLC grew its position in shares of NRG Energy by 758.5% during the 2nd quarter. Valeo Financial Advisors LLC now owns 807 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 713 shares during the period. Global Retirement Partners LLC bought a new position in shares of NRG Energy during the 1st quarter valued at approximately $31,000. Point72 Hong Kong Ltd bought a new position in shares of NRG Energy during the 2nd quarter valued at approximately $34,000. Finally, CSat Investment Advisory L.P. grew its position in shares of NRG Energy by 128.2% during the 2nd quarter. CSat Investment Advisory L.P. now owns 1,312 shares of the utilities provider’s stock valued at $46,000 after acquiring an additional 737 shares during the period. 97.29% of the stock is 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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