LVM Capital Management Ltd. MI Buys Shares of 6,823 NRG Energy, Inc. (NYSE:NRG)

LVM Capital Management Ltd. MI purchased a new stake in shares of NRG Energy, Inc. (NYSE:NRG) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 6,823 shares of the utilities provider’s stock, valued at approximately $616,000.

Several other hedge funds also recently added to or reduced their stakes in NRG. M&T Bank Corp lifted its stake in NRG Energy by 0.3% during the third quarter. M&T Bank Corp now owns 38,213 shares of the utilities provider’s stock worth $3,481,000 after purchasing an additional 113 shares during the last quarter. McIlrath & Eck LLC lifted its position in shares of NRG Energy by 4.5% during the 3rd quarter. McIlrath & Eck LLC now owns 2,630 shares of the utilities provider’s stock worth $240,000 after buying an additional 113 shares during the last quarter. Castle Rock Wealth Management LLC boosted 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 buying an additional 126 shares in the last quarter. Park Avenue Securities LLC grew its position in shares of 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 buying an additional 134 shares during the last quarter. Finally, 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 worth $30,000 after acquiring an additional 139 shares in the last quarter. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NRG has been the topic of several research reports. Guggenheim lifted their target price on NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Jefferies Financial Group raised NRG Energy from a “hold” rating to a “buy” rating and lifted their price target for the stock from $93.00 to $113.00 in a research report on Tuesday, November 26th. 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 report on Tuesday, November 19th. Citigroup upped their price target on shares of NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, Wells Fargo & Company lifted 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. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $102.71.

Insiders Place Their Bets

In other news, VP Robert J. Gaudette sold 60,000 shares of the business’s 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 sale, the vice president now owns 64,448 shares of the company’s stock, valued at $5,891,191.68. The trade was a 48.21 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.86% of the company’s stock.

NRG Energy Stock Performance

NYSE:NRG traded up $0.90 during mid-day trading on Friday, reaching $99.44. The stock had a trading volume of 1,531,056 shares, compared to its average volume of 2,844,238. The business has a 50 day simple moving average of $94.61 and a 200 day simple moving average of $86.46. NRG Energy, Inc. has a twelve month low of $50.23 and a twelve month high of $103.14. The firm has a market capitalization of $20.14 billion, a price-to-earnings ratio of 24.98, a PEG ratio of 1.29 and a beta of 1.15. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17.

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.