Elevated Capital Advisors LLC cut its stake in NRG Energy, Inc. (NYSE:NRG – Free Report) by 2.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,610 shares of the utilities provider’s stock after selling 237 shares during the period. Elevated Capital Advisors LLC’s holdings in NRG Energy were worth $1,047,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. M&T Bank Corp boosted its position in shares of NRG Energy by 0.3% in the 3rd quarter. M&T Bank Corp now owns 38,213 shares of the utilities provider’s stock valued at $3,481,000 after purchasing an additional 113 shares during the period. McIlrath & Eck LLC grew its position in shares of NRG Energy by 4.5% during the third quarter. McIlrath & Eck LLC now owns 2,630 shares of the utilities provider’s stock worth $240,000 after acquiring an additional 113 shares during the last quarter. Castle Rock Wealth Management LLC increased its holdings in shares of NRG Energy by 3.5% in the 3rd quarter. Castle Rock Wealth Management LLC now owns 3,746 shares of the utilities provider’s stock valued at $356,000 after acquiring an additional 126 shares during the period. Park Avenue Securities LLC raised its position in NRG Energy by 2.8% in the 3rd quarter. Park Avenue Securities LLC now owns 4,910 shares of the utilities provider’s stock valued at $447,000 after purchasing an additional 134 shares during the last quarter. Finally, Covestor Ltd grew its position in NRG Energy by 74.7% during the 3rd quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 139 shares during the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.
Analyst Ratings Changes
NRG has been the subject of several recent research reports. Citigroup increased 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. BMO Capital Markets lifted their target price on NRG Energy from $94.00 to $100.00 and gave the company a “market perform” rating in a research note on Tuesday, November 19th. Jefferies Financial Group raised NRG Energy from a “hold” rating to a “buy” rating and increased their price target for the stock from $93.00 to $113.00 in a report on Tuesday, November 26th. Wells Fargo & Company boosted their price objective 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. Finally, 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. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, NRG Energy presently has an average rating of “Moderate Buy” and a consensus target price of $102.71.
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 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 owns 64,448 shares of the company’s stock, valued at approximately $5,891,191.68. This trade represents a 48.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.86% of the stock is currently owned by insiders.
NRG Energy Price Performance
NRG stock traded down $2.16 during trading on Monday, reaching $97.23. 2,493,226 shares of the company were exchanged, compared to its average volume of 2,949,790. NRG Energy, Inc. has a 52-week low of $50.24 and a 52-week high of $103.14. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17. The company has a market cap of $19.70 billion, a P/E ratio of 24.43, a PEG ratio of 1.29 and a beta of 1.15. The stock’s 50 day moving average price is $94.86 and its 200 day moving average price is $86.66.
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.
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