ORG Wealth Partners LLC Sells 191 Shares of NRG Energy, Inc. (NYSE:NRG)

ORG Wealth Partners LLC cut its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 13.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,212 shares of the utilities provider’s stock after selling 191 shares during the quarter. ORG Wealth Partners LLC’s holdings in NRG Energy were worth $109,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in NRG. Ashton Thomas Securities LLC bought a new stake in shares of NRG Energy during the 3rd quarter valued at approximately $26,000. Covestor Ltd grew its holdings in shares of NRG Energy by 74.7% during the 3rd quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 139 shares during the last quarter. Harbor Capital Advisors Inc. bought a new stake in shares of NRG Energy during the 3rd quarter valued at approximately $35,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of NRG Energy during the 3rd quarter valued at approximately $36,000. Finally, RPg Family Wealth Advisory LLC acquired a new stake in NRG Energy during the 3rd quarter worth approximately $43,000. 97.72% of the stock is owned by institutional investors.

NRG Energy Stock Up 0.8 %

Shares of NYSE NRG opened at $99.35 on Friday. The company has a market capitalization of $20.12 billion, a P/E ratio of 24.96, a price-to-earnings-growth ratio of 1.29 and a beta of 1.15. NRG Energy, Inc. has a 52-week low of $50.23 and a 52-week high of $103.14. 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 company’s 50 day moving average price is $94.61 and its 200-day moving average price is $86.46.

Insider Transactions at NRG Energy

In other news, VP Robert J. Gaudette sold 60,000 shares of the business’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. The trade was a 48.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.86% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on NRG. BMO Capital Markets lifted their target price 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. Jefferies Financial Group upgraded shares of NRG Energy from a “hold” rating to a “buy” rating and lifted their target price for the stock from $93.00 to $113.00 in a research report on Tuesday, November 26th. Guggenheim lifted their target price 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. 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 report on Monday, November 11th. Finally, Citigroup lifted their target price on shares of NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $102.71.

NRG Energy Company 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.