NRG Energy, Inc. (NYSE:NRG) Shares Bought by Inspire Investing LLC

Inspire Investing LLC grew its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 16.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 35,182 shares of the utilities provider’s stock after buying an additional 4,865 shares during the period. Inspire Investing LLC’s holdings in NRG Energy were worth $3,174,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Janney Montgomery Scott LLC grew its stake in shares of NRG Energy by 34.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 13,094 shares of the utilities provider’s stock valued at $1,181,000 after buying an additional 3,329 shares during the period. Viking Fund Management LLC grew its stake in shares of NRG Energy by 50.0% during the 4th quarter. Viking Fund Management LLC now owns 30,000 shares of the utilities provider’s stock valued at $2,707,000 after buying an additional 10,000 shares during the period. MBM Wealth Consultants LLC grew its stake in shares of NRG Energy by 3.2% during the 4th quarter. MBM Wealth Consultants LLC now owns 5,745 shares of the utilities provider’s stock valued at $533,000 after buying an additional 177 shares during the period. Nisa Investment Advisors LLC grew its stake in shares of NRG Energy by 20.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 110,645 shares of the utilities provider’s stock valued at $9,982,000 after buying an additional 19,161 shares during the period. Finally, Crossmark Global Holdings Inc. grew its stake in shares of NRG Energy by 42.1% during the 4th quarter. Crossmark Global Holdings Inc. now owns 27,600 shares of the utilities provider’s stock valued at $2,491,000 after buying an additional 8,171 shares during the period. 97.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on NRG shares. Jefferies Financial Group raised shares of NRG Energy from a “hold” rating to a “buy” rating and boosted their price objective for the company from $93.00 to $113.00 in a research note on Tuesday, November 26th. Guggenheim upped 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. Evercore ISI raised shares of NRG Energy from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $74.00 to $126.00 in a research report on Tuesday. Wells Fargo & Company upped 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. Finally, BMO Capital Markets upped 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. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $111.43.

NRG Energy Stock Performance

NYSE:NRG opened at $110.22 on Thursday. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. The firm has a 50-day moving average of $96.75 and a two-hundred day moving average of $88.08. The stock has a market cap of $22.33 billion, a P/E ratio of 27.69, a PEG ratio of 1.31 and a beta of 1.15. NRG Energy, Inc. has a 1-year low of $51.26 and a 1-year high of $115.38.

Insider Buying and Selling at NRG Energy

In other NRG Energy news, VP Robert J. Gaudette sold 60,000 shares of the company’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 completion of the transaction, the vice president now directly owns 64,448 shares of the company’s stock, valued at $5,891,191.68. This represents a 48.21 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Bruce Chung sold 20,000 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $97.63, for a total transaction of $1,952,600.00. Following the completion of the transaction, the chief financial officer now directly 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 disclosure for this sale can be found here. 0.86% of the stock is currently owned by corporate insiders.

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.