Scotiabank Issues Positive Forecast for NRG Energy (NYSE:NRG) Stock Price

NRG Energy (NYSE:NRG) had its price objective upped by equities researchers at Scotiabank from $223.00 to $226.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a “sector outperform” rating on the utilities provider’s stock. Scotiabank’s price target indicates a potential upside of 59.44% from the company’s current price.

NRG has been the topic of a number of other research reports. Williams Trading set a $184.00 target price on NRG Energy in a research report on Monday, July 6th. Morgan Stanley set a $165.00 price objective on NRG Energy in a report on Wednesday, June 24th. Raymond James Financial set a $210.00 target price on NRG Energy in a report on Monday, April 27th. Wolfe Research upgraded shares of NRG Energy from a “peer perform” rating to an “outperform” rating and set a $190.00 price target on the stock in a research note on Wednesday, March 18th. Finally, Siebert Williams Shank began coverage on shares of NRG Energy in a report on Monday, July 6th. They issued a “buy” rating and a $184.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $198.73.

NRG Energy Trading Up 2.4%

NRG stock traded up $3.39 during mid-day trading on Wednesday, hitting $141.75. 410,622 shares of the company were exchanged, compared to its average volume of 2,618,231. NRG Energy has a 12-month low of $120.11 and a 12-month high of $189.96. The firm has a market capitalization of $29.91 billion, a P/E ratio of 166.35 and a beta of 1.21. The business has a fifty day simple moving average of $135.93 and a 200-day simple moving average of $150.14. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 4.68.

NRG Energy (NYSE:NRG) last released its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.48 earnings per share (EPS) 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 posted $2.68 earnings per share. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. On average, equities research analysts predict that NRG Energy will post 8.89 earnings per share for the current fiscal year.

Insider Buying and Selling at NRG Energy

In related news, VP Virginia Kinney sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $127.52, for a total value of $2,550,400.00. Following the sale, the vice president owned 45,111 shares of the company’s stock, valued at $5,752,554.72. This trade represents a 30.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.43% of the company’s stock.

Institutional Investors Weigh In On NRG Energy

A number of large investors have recently modified their holdings of the company. MV Capital Management Inc. purchased a new stake in shares of NRG Energy during the 4th quarter worth $27,000. Motiv8 Investments LLC acquired a new stake in NRG Energy in the fourth quarter valued at $27,000. Core Wealth Advisors LLC purchased a new stake in NRG Energy during the 4th quarter worth about $28,000. EMC Capital Management purchased a new stake in NRG Energy during the 4th quarter worth about $30,000. Finally, SHP Wealth Management acquired a new position in shares of NRG Energy during the 4th quarter worth about $32,000. 97.72% of the stock is 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.