NRG Energy, Inc. (NYSE:NRG) Shares Acquired by Wright Investors Service Inc.

Wright Investors Service Inc. lifted its position in NRG Energy, Inc. (NYSE:NRG) by 9.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,231 shares of the utilities provider’s stock after acquiring an additional 2,885 shares during the period. NRG Energy accounts for approximately 0.9% of Wright Investors Service Inc.’s investment portfolio, making the stock its 27th biggest holding. Wright Investors Service Inc.’s holdings in NRG Energy were worth $2,908,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC grew its stake in shares of NRG Energy by 32,962.3% during the 3rd quarter. Los Angeles Capital Management LLC now owns 1,052,705 shares of the utilities provider’s stock worth $95,901,000 after purchasing an additional 1,049,521 shares during the period. Fred Alger Management LLC acquired a new stake in NRG Energy during the second quarter valued at $53,773,000. Bridgewater Associates LP increased its holdings in NRG Energy by 352.9% in the third quarter. Bridgewater Associates LP now owns 804,801 shares of the utilities provider’s stock valued at $73,317,000 after buying an additional 627,121 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of NRG Energy in the second quarter worth about $43,134,000. Finally, Caisse DE Depot ET Placement DU Quebec grew its position in shares of NRG Energy by 52.2% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,330,706 shares of the utilities provider’s stock valued at $121,227,000 after acquiring an additional 456,573 shares during the period. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Insider Buying and Selling

In related news, VP Robert J. Gaudette sold 60,000 shares of NRG Energy stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $91.41, for a total transaction of $5,484,600.00. Following the completion of the transaction, the vice president now directly owns 64,448 shares in the company, valued at $5,891,191.68. The trade was a 48.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Bruce Chung sold 20,000 shares of the company’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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.86% of the company’s stock.

NRG Energy Stock Down 2.2 %

Shares of NYSE:NRG opened at $97.23 on Tuesday. The company has a market cap of $19.70 billion, a price-to-earnings ratio of 24.43, a PEG ratio of 1.29 and a beta of 1.15. NRG Energy, Inc. has a fifty-two week low of $50.24 and a fifty-two week high of $103.14. The firm’s 50-day simple moving average is $95.05 and its 200-day simple moving average is $86.79. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57.

Analyst Upgrades and Downgrades

NRG has been the topic of a number of recent analyst reports. BMO Capital Markets increased their price target on NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 19th. Wells Fargo & Company lifted their price target on shares of NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Jefferies Financial Group raised shares of NRG Energy from a “hold” rating to a “buy” rating and boosted their price target for the stock from $93.00 to $113.00 in a report on Tuesday, November 26th. Citigroup increased their price objective on shares of NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, Guggenheim boosted their target price on shares of NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $102.71.

NRG Energy Profile

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.