Czech National Bank Acquires 1,880 Shares of NRG Energy, Inc. (NYSE:NRG)

Czech National Bank lifted its stake in NRG Energy, Inc. (NYSE:NRG) by 4.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 43,921 shares of the utilities provider’s stock after buying an additional 1,880 shares during the quarter. Czech National Bank’s holdings in NRG Energy were worth $3,963,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NRG. Geode Capital Management LLC grew its position in shares of 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 valued at $494,225,000 after purchasing an additional 313,478 shares in the last quarter. Banco Santander S.A. increased its holdings in shares of NRG Energy by 0.9% in the third quarter. Banco Santander S.A. now owns 2,820,500 shares of the utilities provider’s stock worth $256,948,000 after purchasing an additional 24,834 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in shares of NRG Energy by 7.4% in the third 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 during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of NRG Energy by 52.2% in 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 purchasing an additional 456,573 shares during the last quarter. Finally, Los Angeles Capital Management LLC increased its holdings in shares of NRG Energy by 32,962.3% in the third quarter. Los Angeles Capital Management LLC now owns 1,052,705 shares of the utilities provider’s stock worth $95,901,000 after purchasing an additional 1,049,521 shares during the last quarter. Institutional investors own 97.72% of the company’s stock.

Analyst Ratings Changes

NRG has been the subject of several recent research reports. Guggenheim lifted their price target on 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 price target on NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Jefferies Financial Group upgraded NRG Energy from a “hold” rating to a “buy” rating and lifted their price target for the stock from $93.00 to $113.00 in a research report on Tuesday, November 26th. Citigroup lifted their price target on NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, BMO Capital Markets boosted their target price on NRG Energy from $94.00 to $100.00 and gave the company a “market perform” rating in a research report on Tuesday, November 19th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, NRG Energy has a consensus rating of “Moderate Buy” and an average price target of $102.71.

Insider Activity at NRG Energy

In related news, CFO Bruce Chung sold 20,000 shares of the business’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 completion of the sale, the chief financial officer now owns 69,454 shares in the company, valued at approximately $6,780,794.02. The trade was a 22.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 completion of the sale, the vice president now owns 64,448 shares of the company’s stock, valued at $5,891,191.68. The trade was a 48.21 % decrease in their position. The disclosure for this sale can be found here. 0.86% of the stock is owned by company insiders.

NRG Energy Stock Up 4.3 %

Shares of NYSE NRG opened at $104.07 on Thursday. 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 market capitalization of $21.08 billion, a price-to-earnings ratio of 26.15, a PEG ratio of 1.29 and a beta of 1.15. The stock has a 50 day moving average price of $95.21 and a 200 day moving average price of $86.94. NRG Energy, Inc. has a 52-week low of $50.24 and a 52-week high of $104.92.

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.