Louisiana State Employees Retirement System decreased its position in NRG Energy, Inc. (NYSE:NRG – Free Report) by 6.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,900 shares of the utilities provider’s stock after selling 700 shares during the quarter. Louisiana State Employees Retirement System’s holdings in NRG Energy were worth $983,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of NRG. Ashton Thomas Securities LLC purchased a new stake in shares of NRG Energy during the third quarter valued at $26,000. Covestor Ltd raised its stake in NRG Energy by 74.7% during the 3rd quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 139 shares during the period. Harbor Capital Advisors Inc. bought a new stake in NRG Energy in the 3rd quarter worth approximately $35,000. UMB Bank n.a. increased its stake in NRG Energy by 100.4% in the 4th quarter. UMB Bank n.a. now owns 455 shares of the utilities provider’s stock worth $41,000 after acquiring an additional 228 shares during the last quarter. Finally, RPg Family Wealth Advisory LLC bought a new stake in NRG Energy in the 3rd quarter worth approximately $43,000. 97.72% of the stock is currently owned by institutional investors.
NRG Energy Stock Performance
NYSE NRG opened at $107.64 on Tuesday. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. The stock’s 50 day simple moving average is $99.34 and its 200-day simple moving average is $91.78. The company has a market cap of $21.80 billion, a PE ratio of 27.05, a price-to-earnings-growth ratio of 1.22 and a beta of 1.15. NRG Energy, Inc. has a 1-year low of $51.42 and a 1-year high of $115.38.
NRG Energy Increases Dividend
Wall Street Analyst Weigh In
Several research firms have recently weighed in on NRG. Jefferies Financial Group raised NRG Energy from a “hold” rating to a “buy” rating and boosted their target price for the company from $93.00 to $113.00 in a research report on Tuesday, November 26th. BMO Capital Markets upped their target price on NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a report on Tuesday, November 19th. Evercore ISI raised NRG Energy from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $74.00 to $126.00 in a research report on Tuesday, January 21st. Wells Fargo & Company upped their target price on NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Finally, Citigroup upped their target price on NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $111.43.
Check Out Our Latest Research Report on NRG
Insider Buying and Selling
In related news, VP Robert J. Gaudette sold 60,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $91.41, for a total value of $5,484,600.00. Following the sale, the vice president now owns 64,448 shares in the company, valued at approximately $5,891,191.68. The trade was a 48.21 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Bruce Chung sold 20,000 shares of the business’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $97.63, for a total value of $1,952,600.00. Following the completion of the sale, the chief financial officer now owns 69,454 shares in the company, valued at $6,780,794.02. This represents a 22.36 % decrease in their position. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by company insiders.
About NRG Energy
NRG Energy, Inc, together with its subsidiaries, operates as an energy and home services company in the United States and Canada. It operates through Texas; East; West/Services/Other; Vivint Smart Home; and Corporate Activities segments. The company produces and sells electricity generated using coal, oil, solar, and battery storage; natural gas; and a cloud-based home platform, including hardware, software, sales, installation, customer service, technical support, and professional monitoring solutions.
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