Grove Bank & Trust Purchases 129 Shares of NRG Energy, Inc. (NYSE:NRG)

Grove Bank & Trust boosted its position in shares of NRG Energy, Inc. (NYSE:NRG) by 29.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 564 shares of the utilities provider’s stock after purchasing an additional 129 shares during the period. Grove Bank & Trust’s holdings in NRG Energy were worth $51,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its position in NRG Energy by 17.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 109,468 shares of the utilities provider’s stock valued at $8,523,000 after acquiring an additional 16,274 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its position in NRG Energy by 15.9% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 36,956 shares of the utilities provider’s stock valued at $2,877,000 after acquiring an additional 5,067 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its position in NRG Energy by 12.6% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 16,950 shares of the utilities provider’s stock valued at $1,320,000 after acquiring an additional 1,891 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its position in NRG Energy by 9.6% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 6,249 shares of the utilities provider’s stock valued at $486,000 after acquiring an additional 547 shares in the last quarter. Finally, Ensign Peak Advisors Inc increased its position in NRG Energy by 34.4% in the 2nd quarter. Ensign Peak Advisors Inc now owns 193,612 shares of the utilities provider’s stock valued at $15,075,000 after acquiring an additional 49,590 shares in the last quarter. 97.72% of the stock is owned by institutional investors.

NRG Energy Stock Down 1.4 %

NRG Energy stock opened at $104.50 on Tuesday. The company’s 50 day simple moving average is $96.01 and its 200 day simple moving average is $87.68. NRG Energy, Inc. has a fifty-two week low of $50.43 and a fifty-two week high of $106.65. 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. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10.

Insider Buying and Selling

In other NRG Energy news, CFO Bruce Chung sold 20,000 shares of NRG Energy stock in a transaction that occurred 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 transaction, the chief financial officer now owns 69,454 shares of the company’s stock, valued at approximately $6,780,794.02. The trade was a 22.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Robert J. Gaudette sold 60,000 shares of NRG Energy stock in a transaction that occurred on Thursday, January 2nd. The shares were 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 approximately $5,891,191.68. The trade was a 48.21 % 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

NRG has been the subject of several research reports. Citigroup raised their price objective 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. Guggenheim lifted their price target on shares of NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Wells Fargo & Company lifted their price target on shares of NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. BMO Capital Markets lifted their price target 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. Finally, Jefferies Financial Group upgraded shares of 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. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.