NRG Energy, Inc. (NYSE:NRG) Shares Sold by Community Bank of Raymore

Community Bank of Raymore lessened its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 24.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 56,785 shares of the utilities provider’s stock after selling 18,750 shares during the quarter. NRG Energy comprises approximately 4.0% of Community Bank of Raymore’s holdings, making the stock its 7th largest position. Community Bank of Raymore’s holdings in NRG Energy were worth $5,123,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. M&T Bank Corp raised its stake 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 worth $3,481,000 after buying an additional 113 shares in the last quarter. McIlrath & Eck LLC raised its stake in shares of NRG Energy by 4.5% in 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 in the last quarter. Castle Rock Wealth Management LLC raised its stake 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 worth $356,000 after buying an additional 126 shares in the last quarter. Grove Bank & Trust raised its stake in shares of NRG Energy by 29.7% in the 4th quarter. Grove Bank & Trust now owns 564 shares of the utilities provider’s stock worth $51,000 after buying an additional 129 shares in the last quarter. Finally, Hanseatic Management Services Inc. raised its stake in shares of NRG Energy by 12.0% in the 4th quarter. Hanseatic Management Services Inc. now owns 1,244 shares of the utilities provider’s stock worth $112,000 after buying an additional 133 shares in the last quarter. Institutional investors own 97.72% of the company’s stock.

NRG Energy Stock Down 1.4 %

NYSE:NRG opened at $104.50 on Monday. The firm has a market capitalization of $21.17 billion, a price-to-earnings ratio of 26.26, a PEG ratio of 1.17 and a beta of 1.15. NRG Energy, Inc. has a 1-year low of $50.43 and a 1-year high of $106.65. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. The business’s fifty day moving average price is $95.81 and its 200 day moving average price is $87.50.

Insider Activity at NRG Energy

In other NRG Energy news, VP Robert J. Gaudette sold 60,000 shares of the business’s stock in a transaction dated 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 transaction, the vice president now owns 64,448 shares in the company, valued at $5,891,191.68. The trade was a 48.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Bruce Chung sold 20,000 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now owns 69,454 shares in the company, valued at $6,780,794.02. This trade represents a 22.36 % decrease in their position. The disclosure for this sale can be found here. 0.61% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have recently commented on NRG. Citigroup boosted their price objective on NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Jefferies Financial Group raised NRG Energy from a “hold” rating to a “buy” rating and boosted their target price for the stock from $93.00 to $113.00 in a research report on Tuesday, November 26th. Wells Fargo & Company boosted their target price on NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Guggenheim boosted 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. Finally, BMO Capital Markets boosted their target price 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. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, NRG Energy currently has a consensus rating of “Moderate Buy” and an average target price of $102.71.

NRG Energy Company 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.