Barclays Remains a Buy on NRG Energy (NRG)

In a report released today, Nicholas Campanella from Barclays maintained a Buy rating on NRG Energy, with a price target of $200.00.

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Campanella covers the Utilities sector, focusing on stocks such as Talen Energy Corp, Dominion Energy, and CMS Energy. According to TipRanks, Campanella has an average return of 12.3% and a 70.19% success rate on recommended stocks.

In addition to Barclays, NRG Energy also received a Buy from Citi’s Ryan Levine in a report issued on March 25. However, on March 23, Morgan Stanley assigned a Hold rating to NRG Energy (NYSE: NRG).

Based on NRG Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $7.75 billion and a net profit of $66 million. In comparison, last year the company earned a revenue of $6.82 billion and had a net profit of $643 million

Based on the recent corporate insider activity of 106 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NRG in relation to earlier this year. Earlier this month, LS Power Equity Advisors, LLC, a Major Shareholder at NRG sold 16,129,269.00 shares for a total of $2,645,200,116.00.