HCR Wealth Advisors Acquires 1,360 Shares of NRG Energy, Inc. (NYSE:NRG)

HCR Wealth Advisors grew its holdings in NRG Energy, Inc. (NYSE:NRG) by 38.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,928 shares of the utilities provider’s stock after purchasing an additional 1,360 shares during the period. HCR Wealth Advisors’ holdings in NRG Energy were worth $445,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC raised its stake in NRG Energy by 6.2% during the third quarter. Geode Capital Management LLC now owns 5,399,098 shares of the utilities provider’s stock worth $494,225,000 after acquiring an additional 313,478 shares in the last quarter. Banco Santander S.A. grew its holdings in shares of NRG Energy by 0.9% during the 3rd quarter. Banco Santander S.A. now owns 2,820,500 shares of the utilities provider’s stock valued at $256,948,000 after purchasing an additional 24,834 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its position in NRG Energy by 7.4% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,663,441 shares of the utilities provider’s stock worth $242,639,000 after purchasing an additional 182,481 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in NRG Energy by 1,010.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,557,350 shares of the utilities provider’s stock valued at $140,504,000 after buying an additional 1,417,057 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its stake in shares of NRG Energy by 52.2% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,330,706 shares of the utilities provider’s stock worth $121,227,000 after buying an additional 456,573 shares during the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on NRG. Guggenheim increased their price target on NRG Energy from $77.00 to $118.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Citigroup increased their target price on NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Wells Fargo & Company upped 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. 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. Finally, Jefferies Financial Group upgraded shares of NRG Energy from a “hold” rating to a “buy” rating and upped their price target for the company from $93.00 to $113.00 in a research report on Tuesday, November 26th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $102.71.

Insiders Place Their Bets

In related news, VP Robert J. Gaudette sold 60,000 shares of the company’s 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 in the company, valued at $5,891,191.68. This represents a 48.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Bruce Chung sold 20,000 shares of the firm’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 value of $1,952,600.00. Following the sale, the chief financial officer now directly owns 69,454 shares of the company’s stock, valued at $6,780,794.02. This represents a 22.36 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.61% of the company’s stock.

NRG Energy Price Performance

NRG Energy stock opened at $104.07 on Thursday. The stock’s 50 day moving average is $95.21 and its 200 day moving average is $86.94. NRG Energy, Inc. has a one year low of $50.24 and a one year high of $104.92. The firm has a market cap of $21.08 billion, a P/E ratio of 26.15, a P/E/G ratio of 1.17 and a beta of 1.15. 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 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.