NRG Energy, Inc. (NYSE:NRG) Shares Bought by Trust Co. of Vermont

Trust Co. of Vermont lifted its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 17.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 915 shares of the utilities provider’s stock after acquiring an additional 139 shares during the quarter. Trust Co. of Vermont’s holdings in NRG Energy were worth $83,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in shares of NRG Energy by 6.2% in the 3rd quarter. Geode Capital Management LLC now owns 5,399,098 shares of the utilities provider’s stock worth $494,225,000 after buying an additional 313,478 shares in the last quarter. Banco Santander S.A. grew its holdings in NRG Energy by 0.9% during the third quarter. Banco Santander S.A. now owns 2,820,500 shares of the utilities provider’s stock worth $256,948,000 after acquiring an additional 24,834 shares during the period. Jacobs Levy Equity Management Inc. raised its position in NRG Energy by 7.4% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,663,441 shares of the utilities provider’s stock worth $242,639,000 after acquiring an additional 182,481 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in NRG Energy by 1,010.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,557,350 shares of the utilities provider’s stock valued at $140,504,000 after acquiring an additional 1,417,057 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its position in shares of NRG Energy by 52.2% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,330,706 shares of the utilities provider’s stock valued at $121,227,000 after purchasing an additional 456,573 shares in the last quarter. Institutional investors own 97.72% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on NRG shares. Citigroup increased their target price on shares of NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Guggenheim raised their price objective on NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. 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. Wells Fargo & Company increased their price target on NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Finally, Jefferies Financial Group upgraded NRG Energy from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $93.00 to $113.00 in a report on Tuesday, November 26th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, NRG Energy presently has an average rating of “Moderate Buy” and a consensus target price of $102.71.

NRG Energy Price Performance

Shares of NRG opened at $104.50 on Monday. The business’s 50-day moving average is $95.81 and its 200-day moving average is $87.50. 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 company has a market capitalization of $21.17 billion, a price-to-earnings ratio of 26.26, a P/E/G ratio of 1.17 and a beta of 1.15. NRG Energy, Inc. has a fifty-two week low of $50.43 and a fifty-two week high of $106.65.

Insider Activity at NRG Energy

In other NRG Energy news, CFO Bruce Chung sold 20,000 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was 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 in the company, valued at $6,780,794.02. The trade was a 22.36 % 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, VP Robert J. Gaudette sold 60,000 shares of the firm’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 sale, the vice president now directly owns 64,448 shares of the company’s stock, valued at $5,891,191.68. This trade represents a 48.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by insiders.

About NRG Energy

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.