In yesterday’s Wall Street session, NRG Energy Inc. (NYSE:NRG) shares traded at $89.28, up 1.77% from the previous session.
NRG stock price is now 4.43% away from the 50-day moving average and 21.43% away from the 200-day moving average. The market capitalization of the company currently stands at $18.43B.
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With the price target of $82, Jefferies recently initiated with Hold rating for NRG Energy Inc. (NYSE: NRG). On January 23, 2024, Wells Fargo recently initiated its ‘Overweight’ rating on the stock quoting a target price of $65, while ‘UBS’ rates the stock as ‘Neutral’
In other news, Patel Rasesh M., President, NRG Consumer sold 102,603 shares of the company’s stock on Sep 13 ’24. The stock was sold for $8,244,151 at an average price of $80.35. Upon completion of the transaction, the President, NRG Consumer now directly owns 163,680 shares in the company, valued at $14.61 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 17 ’24, President, NRG Consumer Patel Rasesh M. sold 24,546 shares of the business’s stock. A total of $2,047,382 was realized by selling the stock at an average price of $83.41. This leaves the insider owning 266,064 shares of the company worth $23.75 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 $41.02 and a high of $96.40. As of last week, the company has a debt-to-equity ratio of 3.01, a current ratio of 1.18, and a quick ratio of 1.11. According to the stock market information, the enterprise value for the company is $29605591040, which is based on a 9.58 price-to-earnings ratio, a 0.51 price-to-earnings-growth ratio, and a beta of 1.09. The fifty day moving average price for NRG is $85.4952 and a two-hundred day moving average price translates $73.5265 for the stock.
The latest earnings results from NRG Energy Inc. (NYSE: NRG) was released for 2024-06-30. The net profit margin was 6.95% and return on equity was 59.64% for NRG. The company reported revenue of $6.66 billion for the quarter, compared to $6.35 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.9 percent.
