Cooper Financial Group Buys 559 Shares of NRG Energy, Inc. (NYSE:NRG)

Cooper Financial Group lifted its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 8.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,947 shares of the utilities provider’s stock after acquiring an additional 559 shares during the quarter. Cooper Financial Group’s holdings in NRG Energy were worth $627,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in NRG. M&T Bank Corp grew its stake in NRG Energy by 0.3% during the third quarter. M&T Bank Corp now owns 38,213 shares of the utilities provider’s stock worth $3,481,000 after purchasing an additional 113 shares during the period. McIlrath & Eck LLC grew its position in shares of NRG Energy by 4.5% during the 3rd quarter. McIlrath & Eck LLC now owns 2,630 shares of the utilities provider’s stock worth $240,000 after buying an additional 113 shares during the period. Castle Rock Wealth Management LLC increased its stake in shares of NRG Energy by 3.5% in the 3rd quarter. Castle Rock Wealth Management LLC now owns 3,746 shares of the utilities provider’s stock valued at $356,000 after acquiring an additional 126 shares in the last quarter. Park Avenue Securities LLC lifted its position in shares of NRG Energy by 2.8% during the 3rd quarter. Park Avenue Securities LLC now owns 4,910 shares of the utilities provider’s stock valued at $447,000 after acquiring an additional 134 shares during the period. Finally, Covestor Ltd boosted its stake in NRG Energy by 74.7% during the third 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. 97.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NRG has been the topic of a number of research analyst reports. Wells Fargo & Company increased their price objective 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. Guggenheim raised their price objective on NRG Energy from $77.00 to $118.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Jefferies Financial Group raised NRG Energy from a “hold” rating to a “buy” rating and upped their target price for the stock from $93.00 to $113.00 in a research report on Tuesday, November 26th. BMO Capital Markets lifted their price target on shares of NRG Energy from $94.00 to $100.00 and gave the company a “market perform” rating in a research report on Tuesday, November 19th. Finally, Citigroup upped their price objective 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. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $102.71.

NRG Energy Trading Down 2.2 %

Shares of NRG opened at $97.23 on Tuesday. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. NRG Energy, Inc. has a 1-year low of $50.24 and a 1-year high of $103.14. The company has a market capitalization of $19.70 billion, a P/E ratio of 24.43, a P/E/G ratio of 1.29 and a beta of 1.15. The firm’s 50 day simple moving average is $95.05 and its 200 day simple moving average is $86.79.

Insider Buying and Selling at NRG Energy

In other news, CFO Bruce Chung sold 20,000 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief financial officer now directly owns 69,454 shares in the company, valued at approximately $6,780,794.02. The trade was a 22.36 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Robert J. Gaudette sold 60,000 shares of NRG Energy stock in a transaction on 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 completion of 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 disclosure for this sale can be found here. Company insiders own 0.86% of the company’s stock.

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.