TrueWealth Advisors LLC Invests $476,000 in NRG Energy, Inc. (NYSE:NRG)

TrueWealth Advisors LLC purchased a new stake in NRG Energy, Inc. (NYSE:NRG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,274 shares of the utilities provider’s stock, valued at approximately $476,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ashton Thomas Securities LLC bought a new stake in NRG Energy during the 3rd quarter worth approximately $26,000. Covestor Ltd grew its stake in shares of NRG Energy by 74.7% in the 3rd quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 139 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new stake in shares of NRG Energy in the third quarter valued at about $35,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of NRG Energy during the 3rd quarter worth approximately $36,000. Finally, RPg Family Wealth Advisory LLC bought a new position in shares of NRG Energy in the third quarter valued at approximately $43,000. Institutional investors own 97.72% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on NRG shares. Citigroup boosted their price objective on NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Wells Fargo & Company boosted their price target on shares of NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Jefferies Financial Group upgraded shares of NRG Energy from a “hold” rating to a “buy” rating and raised their price objective for the stock from $93.00 to $113.00 in a report on Tuesday, November 26th. Guggenheim boosted their target price on shares of NRG Energy from $77.00 to $118.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Finally, BMO Capital Markets raised 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 note on Tuesday, November 19th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, NRG Energy currently has an average rating of “Moderate Buy” and a consensus target price of $102.71.

NRG Energy Stock Performance

Shares of NRG stock opened at $104.50 on Friday. The firm’s 50 day moving average is $95.81 and its 200 day moving average is $87.38. The stock has a market capitalization of $21.17 billion, a P/E ratio of 26.26, a PEG ratio of 1.17 and a beta of 1.15. NRG Energy, Inc. has a 12 month low of $50.43 and a 12 month 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.

Insider Buying and Selling at NRG Energy

In related news, VP Robert J. Gaudette sold 60,000 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $91.41, for a total transaction of $5,484,600.00. Following the sale, the vice president now owns 64,448 shares of the company’s stock, valued at approximately $5,891,191.68. This represents a 48.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Bruce Chung sold 20,000 shares of NRG Energy 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 transaction, the chief financial officer now directly owns 69,454 shares of the company’s stock, valued at $6,780,794.02. The trade was a 22.36 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.61% of the company’s stock.

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.