Morgan Stanley Gives a Hold Rating to NRG Energy (NRG)

Morgan Stanley analyst David Arcaro assigned a Hold rating to the stock yesterday. The company’s shares closed yesterday at $151.77.

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Arcaro covers the Utilities sector, focusing on stocks such as Vistra Corp, American Electric Power, and CMS Energy. According to TipRanks, Arcaro has an average return of 14.7% and a 68.13% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for NRG Energy with a $200.18 average price target.

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.