Donoghue Forlines LLC Lowers Stake in NRG Energy, Inc. (NYSE:NRG)

Donoghue Forlines LLC cut its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 49.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,275 shares of the utilities provider’s stock after selling 15,981 shares during the quarter. Donoghue Forlines LLC’s holdings in NRG Energy were worth $1,468,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the business. Ashton Thomas Securities LLC purchased a new stake in NRG Energy in the third quarter worth $26,000. Covestor Ltd raised its holdings in 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 purchasing an additional 139 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new stake in shares of NRG Energy in the 3rd quarter worth about $35,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in NRG Energy in the third quarter worth about $36,000. Finally, UMB Bank n.a. grew its holdings in shares of NRG Energy by 100.4% during the 4th quarter. UMB Bank n.a. now owns 455 shares of the utilities provider’s stock worth $41,000 after acquiring an additional 228 shares during the period. 97.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other NRG Energy 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 transaction of $5,484,600.00. Following the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Bruce Chung sold 20,000 shares of the company’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 completion of 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 disclosure for this sale can be found here. 0.86% of the stock is owned by insiders.

Analyst Ratings Changes

NRG has been the subject of a number of recent research reports. Wells Fargo & Company lifted their price objective on NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Evercore ISI raised NRG Energy from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $74.00 to $126.00 in a research report on Tuesday. 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. 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 report on Tuesday, November 26th. Finally, Citigroup raised their target price 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. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $111.43.

NRG Energy Stock Up 0.7 %

NRG opened at $111.18 on Thursday. NRG Energy, Inc. has a 1-year low of $51.26 and a 1-year high of $115.38. The firm’s 50 day simple moving average is $96.75 and its two-hundred day simple moving average is $88.08. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. The company has a market capitalization of $22.52 billion, a PE ratio of 27.98, a PEG ratio of 1.31 and a beta of 1.15.

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.