Hanseatic Management Services Inc. Increases Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

Hanseatic Management Services Inc. increased its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 12.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,244 shares of the utilities provider’s stock after acquiring an additional 133 shares during the period. Hanseatic Management Services Inc.’s holdings in NRG Energy were worth $112,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new position in shares of NRG Energy during the third quarter worth $26,000. Covestor Ltd grew its holdings in NRG Energy by 74.7% during 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 in the last quarter. Harbor Capital Advisors Inc. purchased a new stake in NRG Energy during the 3rd quarter worth $35,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in NRG Energy in the 3rd quarter worth $36,000. Finally, RPg Family Wealth Advisory LLC purchased a new position in NRG Energy in the 3rd quarter valued at about $43,000. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Insiders Place Their Bets

In related news, VP Robert J. Gaudette sold 60,000 shares of the stock in a transaction dated 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Bruce Chung sold 20,000 shares of the firm’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $97.63, for a total transaction of $1,952,600.00. Following the completion of the transaction, the chief financial officer now directly owns 69,454 shares in the company, valued at $6,780,794.02. This represents a 22.36 % decrease in their position. The disclosure for this sale can be found here. 0.61% of the stock is owned by corporate insiders.

NRG Energy Stock Performance

Shares of NRG opened at $104.50 on Friday. The stock has a market capitalization of $21.17 billion, a PE ratio of 26.26, a price-to-earnings-growth ratio of 1.17 and a beta of 1.15. The business’s fifty day moving average price is $95.81 and its 200 day moving average price is $87.45. 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 12-month low of $50.43 and a 12-month high of $106.65.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Wells Fargo & Company boosted their price target on NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. BMO Capital Markets upped 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. Citigroup increased their target price on NRG Energy from $84.00 to $100.00 and gave the company 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 stock from $93.00 to $113.00 in a research note on Tuesday, November 26th. Finally, Guggenheim increased their price objective 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. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $102.71.

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.