Why NRG Energy Inc. (NRG) Stock Could See Much Higher Prices Ahead

NRG Energy Inc. (NYSE: NRG) is -5.53% lower on its value in year-to-date trading and has touched a low of $19.54 and a high of $40.25 in the current 52-week trading range. The NRG stock was last observed hovering at around $36.36 in the last trading session, with the day’s gains setting it 1.19% off its average median price target of $45.00 for the next 12 months. It is also 27.79% off the consensus price target high of $52.00 offered by 10 analysts, but current levels are 6.13% higher than the price target low of $40.00 for the same period.


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Currently trading at $37.55, the stock is 10.00% and 13.91% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.63 million and changing 3.27% at the moment leaves the stock 15.26% off its SMA200. NRG registered -3.22% loss for a year compared to 6-month gain of 14.52%. The firm has a 50-day simple moving average (SMA 50) of $33.47 and a 200-day simple moving average (SMA200) of $32.99.

The stock witnessed a 12.56% loss in the last 1 month and extending the period to 3 months gives it a 22.59%, and is 6.28% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.33% over the week and 2.39% over the month.

NRG Energy Inc. (NRG) has around 4577 employees, a market worth around $8.88B and $9.26B in sales. Current P/E ratio is 2.27 and Fwd P/E is 8.57. Profit margin for the company is 43.90%. Distance from 52-week low is 92.17% and -6.71% from its 52-week high. The company has generated returns on investments over the last 12 months (59.10%).

NRG Energy Inc. (NRG) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for NRG Energy Inc. (NRG) is a “Buy”. 10 analysts offering their recommendations for the stock have an average rating of 1.80, where 2 rate it as a Hold and 0 think it is a “Overweight”. 8 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

NRG Energy Inc. is expected to release its quarterly report on 05/06/2021 and quarterly earnings per share for the current quarter are estimated at $0.63 with sales reaching $2.18B over the same period.The EPS is expected to grow by 944.20% this year, but quarterly earnings will post -1.50% year-over-year. Quarterly sales are estimated to shrink -0.80% in year-over-year returns.

NRG Energy Inc. (NRG) Top Institutional Holders

686 institutions hold shares in NRG Energy Inc. (NRG), with 2.11M shares held by insiders accounting for 0.87% while institutional investors hold 98.78% of the company’s shares. The shares outstanding are 244.00M, and float is at 242.11M with Short Float at 2.79%. Institutions hold 97.92% of the Float.

The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 27.78 million shares valued at $854.08 million. The investor’s holdings represent 11.38% of the NRG Shares outstanding. As of Sep 29, 2020, the second largest holder is Blackrock Inc. with 17.55 million shares valued at $539.44 million to account for 7.19% of the shares outstanding. The other top investors are State Street Corporation which holds 13.07 million shares representing 5.35% and valued at over $401.9 million, while Putnam Investments LLC holds 4.78% of the shares totaling 11.68 million with a market value of $359.08 million.

NRG Energy Inc. (NRG) Insider Activity

The most recent transaction is an insider sale by Callen David, the company’s Sr VP & Chief Accounting Offic. SEC filings show that Callen David sold 9,000 shares of the company’s common stock on Dec 15 at a price of $33.40 per share for a total of $0.3 million. Following the sale, the insider now owns 35853.0 shares.

NRG Energy Inc. disclosed in a document filed with the SEC on Jan 06 that Killinger Elizabeth R (Exec VP, Retail) sold a total of 52,500 shares of the company’s common stock. The trade occurred on Jan 06 and was made at $37.77 per share for $1.98 million. Following the transaction, the insider now directly holds 0.13 million shares of the NRG stock.

Still, SEC filings show that on Jan 06, Curci Brian (SVP & General Counsel) disposed off 18,500 shares at an average price of $37.76 for $0.7 million. The insider now directly holds 28,775 shares of NRG Energy Inc. (NRG).

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NRG Energy Inc. (NRG): Who are the competitors?

The company’s main competitors (and peers) include NextEra Energy Inc. (NEE) that is trading 29.33% up over the past 12 months. OGE Energy Corp. (OGE) is -27.69% down on the 1-year trading charts. Short interest in the company’s stock has risen 13.02% from the last report on Nov 12, 2020 to stand at a total of 5.88 million short shares sold with a short interest ratio of 2.86.

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