LVM Capital Management Ltd. MI Buys New Stake in NRG Energy, Inc. (NYSE:NRG)

LVM Capital Management Ltd. MI purchased a new position in NRG Energy, Inc. (NYSE:NRG) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 6,823 shares of the utilities provider’s stock, valued at approximately $616,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Everence Capital Management Inc. purchased a new position in NRG Energy in the 4th quarter valued at about $549,000. Pine Valley Investments Ltd Liability Co grew its stake in NRG Energy by 25.1% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 50,027 shares of the utilities provider’s stock worth $4,557,000 after acquiring an additional 10,031 shares during the period. Luxor Capital Group LP raised its holdings in NRG Energy by 47.8% in the 3rd quarter. Luxor Capital Group LP now owns 520,591 shares of the utilities provider’s stock valued at $47,426,000 after acquiring an additional 168,267 shares during the last quarter. Bank of Hawaii lifted its stake in shares of NRG Energy by 95.5% during the 3rd quarter. Bank of Hawaii now owns 15,685 shares of the utilities provider’s stock worth $1,429,000 after purchasing an additional 7,662 shares during the period. Finally, CWA Asset Management Group LLC acquired a new stake in shares of NRG Energy during the fourth quarter worth $1,340,000. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other NRG Energy news, VP Robert J. Gaudette sold 60,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the vice president now directly owns 64,448 shares of the company’s stock, valued at $5,891,191.68. This represents a 48.21 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.86% of the stock is owned by company insiders.

NRG Energy Stock Up 0.9 %

Shares of NRG traded up $0.90 during midday trading on Friday, reaching $99.44. 1,531,056 shares of the company were exchanged, compared to its average volume of 2,844,238. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. NRG Energy, Inc. has a 1-year low of $50.23 and a 1-year high of $103.14. The company has a market cap of $20.14 billion, a price-to-earnings ratio of 24.98, a P/E/G ratio of 1.29 and a beta of 1.15. The stock has a 50-day moving average price of $94.61 and a 200-day moving average price of $86.46.

Analysts Set New Price Targets

NRG has been the topic of several recent analyst reports. BMO Capital Markets increased 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. Guggenheim raised 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. Citigroup increased their price target on shares of NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Jefferies Financial Group upgraded shares of NRG Energy from a “hold” rating to a “buy” rating and lifted their price target for the company from $93.00 to $113.00 in a report on Tuesday, November 26th. Finally, Wells Fargo & Company increased their target price on NRG Energy from $130.00 to $140.00 and gave the stock 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 MarketBeat, NRG Energy presently has an average rating of “Moderate Buy” and an average price target of $102.71.

About NRG Energy

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.