Greenfield Savings Bank Has $787,000 Holdings in NRG Energy, Inc. (NYSE:NRG)

Greenfield Savings Bank raised its stake in NRG Energy, Inc. (NYSE:NRG) by 5.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,727 shares of the utilities provider’s stock after acquiring an additional 427 shares during the quarter. Greenfield Savings Bank’s holdings in NRG Energy were worth $787,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of NRG. Ashton Thomas Securities LLC bought a new position in shares of NRG Energy in the 3rd quarter valued at about $26,000. Covestor Ltd boosted its stake in shares of NRG Energy by 74.7% in the 3rd quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 139 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in shares of NRG Energy in the 3rd quarter valued at about $35,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of NRG Energy in the 3rd quarter valued at about $36,000. Finally, RPg Family Wealth Advisory LLC bought a new position in shares of NRG Energy in the 3rd quarter valued at about $43,000. Institutional investors own 97.72% of the company’s stock.

NRG Energy Stock Down 2.2 %

NRG Energy stock opened at $97.23 on Tuesday. The company’s 50 day simple moving average is $95.05 and its 200 day simple moving average is $86.79. NRG Energy, Inc. has a fifty-two week low of $50.24 and a fifty-two week high of $103.14. The firm has a market capitalization of $19.70 billion, a price-to-earnings ratio of 24.43, a PEG ratio of 1.29 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.

Insider Buying and Selling at NRG Energy

In other news, CFO Bruce Chung sold 20,000 shares of NRG Energy 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 sale, the chief financial officer now directly owns 69,454 shares in the company, valued at $6,780,794.02. This trade represents a 22.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 completion of the sale, the vice president now owns 64,448 shares in the company, valued at $5,891,191.68. This trade represents a 48.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.86% of the company’s stock.

Analysts Set New Price Targets

NRG has been the topic of several recent research reports. Guggenheim raised their target price on shares of 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 shares of NRG Energy from a “hold” rating to a “buy” rating and raised their target price for the company from $93.00 to $113.00 in a research note on Tuesday, November 26th. BMO Capital Markets raised their target price on shares of NRG Energy from $94.00 to $100.00 and gave the company a “market perform” rating in a research note on Tuesday, November 19th. Citigroup lifted their price objective 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. Finally, Wells Fargo & Company lifted their price objective on shares of NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.