NRG Energy, Inc. (NYSE:NRG) Shares Bought by Hanseatic Management Services Inc.

Hanseatic Management Services Inc. lifted its position in shares of NRG Energy, Inc. (NYSE:NRG) by 12.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,244 shares of the utilities provider’s stock after acquiring an additional 133 shares during the quarter. Hanseatic Management Services Inc.’s holdings in NRG Energy were worth $112,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Everence Capital Management Inc. acquired a new stake in shares of NRG Energy in the fourth quarter valued at approximately $549,000. Meyer Handelman Co. grew its holdings in NRG Energy by 43.8% during the 4th quarter. Meyer Handelman Co. now owns 78,982 shares of the utilities provider’s stock valued at $7,126,000 after buying an additional 24,062 shares during the last quarter. Luxor Capital Group LP grew its holdings in NRG Energy by 47.8% during the 3rd quarter. Luxor Capital Group LP now owns 520,591 shares of the utilities provider’s stock valued at $47,426,000 after buying an additional 168,267 shares during the last quarter. Pine Valley Investments Ltd Liability Co increased its position in NRG Energy by 25.1% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 50,027 shares of the utilities provider’s stock worth $4,557,000 after buying an additional 10,031 shares in the last quarter. Finally, Bank of Hawaii lifted its position in shares of NRG Energy by 95.5% in the third quarter. Bank of Hawaii now owns 15,685 shares of the utilities provider’s stock valued at $1,429,000 after acquiring an additional 7,662 shares in the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.

NRG Energy Stock Performance

Shares of NRG stock opened at $104.50 on Friday. 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 firm has a market capitalization of $21.17 billion, a price-to-earnings ratio of 26.26, a price-to-earnings-growth ratio of 1.17 and a beta of 1.15. NRG Energy, Inc. has a one year low of $50.43 and a one year high of $106.65. The company has a 50 day moving average price of $95.81 and a 200 day moving average price of $87.45.

Analyst Upgrades and Downgrades

NRG has been the subject of a number of recent research reports. Guggenheim lifted their price objective on NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Citigroup lifted their price target on shares of NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. BMO Capital Markets upped their price objective on shares of NRG Energy from $94.00 to $100.00 and gave the company a “market perform” rating in a research note on Tuesday, November 19th. Wells Fargo & Company lifted their target price on shares of NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Finally, Jefferies Financial Group upgraded NRG Energy from a “hold” rating to a “buy” rating and boosted their price target for the company from $93.00 to $113.00 in a report on Tuesday, November 26th. Four equities 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 company has a consensus rating of “Moderate Buy” and an average price target of $102.71.

Insider Activity

In related news, VP Robert J. Gaudette sold 60,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the vice president now owns 64,448 shares in the company, 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 the SEC website. Also, CFO Bruce Chung sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $97.63, for a total transaction of $1,952,600.00. Following the sale, the chief financial officer now owns 69,454 shares of the company’s stock, valued at approximately $6,780,794.02. This represents a 22.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.61% of the company’s stock.

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.