Kwmg LLC Sells 8,680 Shares of NRG Energy, Inc. (NYSE:NRG)

Kwmg LLC decreased its position in NRG Energy, Inc. (NYSE:NRG) by 9.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 80,192 shares of the utilities provider’s stock after selling 8,680 shares during the quarter. Kwmg LLC’s holdings in NRG Energy were worth $7,235,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of NRG. Los Angeles Capital Management LLC bought a new position in NRG Energy in the 2nd quarter worth $248,000. Choreo LLC purchased a new stake in NRG Energy in the second quarter worth about $435,000. DekaBank Deutsche Girozentrale boosted its position in NRG Energy by 3.6% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 62,321 shares of the utilities provider’s stock valued at $4,885,000 after acquiring an additional 2,187 shares in the last quarter. Meeder Advisory Services Inc. purchased a new position in shares of NRG Energy during the 2nd quarter worth approximately $248,000. Finally, Envestnet Asset Management Inc. raised its position in shares of NRG Energy by 17.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 109,468 shares of the utilities provider’s stock worth $8,523,000 after acquiring an additional 16,274 shares in the last quarter. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

NRG Energy Price Performance

Shares of NRG traded down $2.16 during midday trading on Monday, hitting $97.23. 1,943,373 shares of the company traded hands, compared to its average volume of 2,930,411. NRG Energy, Inc. has a 52 week low of $50.24 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 firm has a 50 day moving average of $94.86 and a 200-day moving average of $86.66. The stock has a market cap of $19.70 billion, a price-to-earnings ratio of 24.43, a PEG ratio of 1.29 and a beta of 1.15.

Insider Activity

In related news, VP Robert J. Gaudette sold 60,000 shares of NRG Energy 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 transaction, 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 sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.86% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.