NRG Energy (NRG) Lowered to “Hold” at ValuEngine

ValuEngine cut shares of NRG Energy (NYSE:NRG) from a buy rating to a hold rating in a research note published on Monday, ValuEngine reports.

Other research analysts have also issued reports about the stock. Morgan Stanley restated an equal weight rating and issued a $46.00 price objective on shares of NRG Energy in a research note on Monday, March 25th. Citigroup lifted their price objective on shares of NRG Energy from $38.00 to $47.00 and gave the company a buy rating in a research note on Monday, December 10th. Deutsche Bank lowered shares of NRG Energy from a buy rating to a hold rating and set a $45.00 price objective on the stock. in a research note on Monday, January 28th. Zacks Investment Research upgraded shares of NRG Energy from a hold rating to a buy rating and set a $43.00 price objective on the stock in a research note on Friday, January 4th. Finally, Macquarie set a $48.00 price objective on shares of NRG Energy and gave the company a buy rating in a research note on Friday, March 1st. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. NRG Energy presently has a consensus rating of Buy and an average price target of $43.86.

NYSE NRG opened at $41.78 on Monday. The firm has a market capitalization of $11.85 billion, a price-to-earnings ratio of 17.34, a price-to-earnings-growth ratio of 0.20 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 other news, SVP David Callen sold 41,011 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were 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 in the company, valued at $2,431,577.90. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Robert J. Gaudette sold 18,571 shares of the business’s stock in a transaction dated Thursday, January 10th. The stock was sold at an average price of $39.42, for a total transaction of $732,068.82. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 93,878 shares of company stock worth $3,758,695. 0.56% of the stock is currently owned by company insiders.

Institutional investors have recently modified their holdings of the company. TrimTabs Asset Management LLC acquired a new position in shares of NRG Energy during the fourth quarter worth about $1,100,000. Polianta Ltd acquired a new position in shares of NRG Energy during the fourth quarter worth about $1,602,000. PFG Advisors acquired a new position in shares of NRG Energy during the fourth quarter worth about $1,148,000. Federated Investors Inc. PA increased its stake in shares of NRG Energy by 35.6% during the third quarter. Federated Investors Inc. PA now owns 47,369 shares of the utilities provider’s stock worth $1,772,000 after acquiring an additional 12,438 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new position in shares of NRG Energy during the fourth quarter worth about $1,901,000. Institutional investors and hedge funds own 97.24% of the company’s stock.

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.

Recommended Story: Why do company’s buyback their stock?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for NRG Energy (NYSE:NRG)

Receive News & Ratings for NRG Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NRG Energy and related companies with MarketBeat.com's FREE daily email newsletter.