ORG Wealth Partners LLC Has $109,000 Position in NRG Energy, Inc. (NYSE:NRG)

ORG Wealth Partners LLC lowered its position in NRG Energy, Inc. (NYSE:NRG) by 13.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,212 shares of the utilities provider’s stock after selling 191 shares during the quarter. ORG Wealth Partners LLC’s holdings in NRG Energy were worth $109,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in NRG. Los Angeles Capital Management LLC acquired a new stake in NRG Energy in the second quarter valued at $248,000. Caprock Group LLC acquired a new stake in NRG Energy in the second quarter valued at $225,000. Choreo LLC acquired a new stake in NRG Energy in the second quarter valued at $435,000. Daiwa Securities Group Inc. lifted its stake in NRG Energy by 28.6% in the second quarter. Daiwa Securities Group Inc. now owns 29,043 shares of the utilities provider’s stock valued at $2,261,000 after acquiring an additional 6,452 shares during the last quarter. Finally, AGF Management Ltd. acquired a new stake in NRG Energy in the second quarter valued at $7,368,000. Institutional investors and hedge funds own 97.72% of the company’s stock.

NRG Energy Price Performance

NYSE:NRG opened at $99.35 on Friday. NRG Energy, Inc. has a 52 week low of $50.23 and a 52 week high of $103.14. The firm has a market cap of $20.12 billion, a price-to-earnings ratio of 24.96, a P/E/G ratio of 1.29 and a beta of 1.15. The firm’s 50-day simple moving average is $94.61 and its 200 day simple moving average is $86.46. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17.

Insider Buying and Selling

In other NRG Energy news, VP Robert J. Gaudette sold 60,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $91.41, for a total value of $5,484,600.00. Following the transaction, the vice president now directly owns 64,448 shares of the company’s stock, valued at $5,891,191.68. This trade represents a 48.21 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.86% of the stock is owned by insiders.

Analysts Set New Price Targets

NRG has been the subject of a number of research reports. Guggenheim raised 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. BMO Capital Markets raised their target price on shares of NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 19th. Wells Fargo & Company raised their target price on shares of NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Jefferies Financial Group upgraded shares of NRG Energy from a “hold” rating to a “buy” rating and raised their target price for the stock from $93.00 to $113.00 in a research note on Tuesday, November 26th. Finally, Citigroup raised their target price on shares of NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Four investment 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.com, the stock presently has a consensus 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.