Morgan Stanley Keeps Their Hold Rating on NRG Energy (NRG)

Morgan Stanley analyst Stephen Byrd maintained a Hold rating on NRG Energy (NRGResearch Report) today and set a price target of $39.00. The company’s shares opened today at $32.52.

According to TipRanks, Byrd is a 5-star analyst with an average return of 8.8% and a 58.95% success rate. Byrd covers the Utilities sector, focusing on stocks such as ONE Gas, Ameren, and Atmos Energy.

NRG Energy has an analyst consensus of Hold, with a price target consensus of $36.80.

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NRG market cap is currently $7.42B and has a P/E ratio of 4.09.

Based on the recent corporate insider activity of 100 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NRG in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

NRG Energy, Inc. engages in the production, sale, and distribution of energy and energy services. It operates through the following segments: Generation, Retail, and Corporate. The Generation segment includes all power plant activities, domestic and international, as well as renewables. The Retail segment includes mass customers and business solutions, and other distributed and reliability products. The Corporate segment includes residential solar and electric vehicle services. The company was founded in 1989 and is headquartered in Princeton, NJ.

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