Diversified Trust Co Reduces Stake in NRG Energy, Inc.

Diversified Trust Co has recently decreased its holdings in NRG Energy, Inc. (NYSE:NRG) by 41.1% in the fourth quarter of the year. This change was disclosed by the company in its latest Form 13F filing with the Securities and Exchange Commission (SEC). Following the sale of 1,864 shares during the quarter, Diversified Trust Co now holds 2,674 shares of the utility provider's stock, which are valued at approximately $241,000 based on the most recent data.

Other large investors have also been active with their stakes in NRG Energy. For instance, Los Angeles Capital Management LLC dramatically increased its investment in NRG Energy by an impressive 32,962.3% during the third quarter. After acquiring an additional 1,049,521 shares, this firm now owns a total of 1,052,705 shares, which are valued at about $95.9 million. Similarly, Fred Alger Management LLC entered into the NRG Energy market with a new position worth $53.77 million in the second quarter.

Bridgewater Associates LP raised its holdings by 352.9% during the same quarter, now possessing 804,801 shares estimated at $73.32 million after buying 627,121 additional shares. The Canada Pension Plan Investment Board also purchased a new stake worth $43.13 million in NRG Energy in the previous quarter, while Caisse DE Depot ET Placement DU Quebec raised its position by 52.2%, acquiring an additional 456,573 shares with a current total of 1,330,706 shares valued at $121.23 million. As it stands, institutional investors collectively own about 97.72% of NRG Energy’s stock.

NRG Energy Stock Overview

As for the stock's performance, NRG shares opened at $99.35. The company presents a debt-to-equity ratio of 5.57, with a quick ratio of 1.10 and a current ratio of 1.17. Over the past fifty-two weeks, NRG Energy's stock has experienced a low point of $50.23 and a high of $103.14. NRG Energy, Inc. boasts a market capitalization of $20.12 billion, with a P/E ratio at 24.96, a PEG ratio of 1.29, and a beta of 1.15. The 50-day moving average price stands at $94.86, while the 200-day moving average is $86.61.

Analysts' Outlook on NRG Energy

Analysts are optimistic about NRG shares, with various firms updating their price targets. Guggenheim recently upped its target from $77.00 to $118.00, issuing a “buy” rating. Likewise, BMO Capital Markets adjusted their price target from $94.00 to $100.00, maintaining a rating of “market perform.” Citigroup raised its price objective to $100.00 from $84.00, also granting a “buy” rating. Jefferies Financial Group improved its rating on NRG Energy from “hold” to “buy,” increasing its target from $93.00 to $113.00 in a recent note. Furthermore, Wells Fargo raised its price target from $130.00 to $140.00, marking an “overweight” rating. Currently, while four analysts hold a “hold” rating, four others have issued a “buy” rating. Data from MarketBeat indicates a consensus rating of “Moderate Buy” for NRG Energy with an average price target of $102.71.

Recent Insider Transactions

In related news, Vice President Robert J. Gaudette recently sold 60,000 shares of NRG Energy on January 2, at an average price of $91.41, leading to a total transaction worth $5.48 million. Post-transaction, his direct ownership decreased by 48.21%, leaving him with 64,448 shares valued at approximately $5.89 million. Interestingly, only about 0.86% of NRG Energy’s stock is owned by insiders at the moment.

Overview of NRG Energy

NRG Energy, Inc. functions as an energy and home services company within the United States and Canada. It operates through several segments, including Texas, East, West/Services/Other, Vivint Smart Home, and Corporate Activities. The company is involved in the production and sale of electricity sourced from coal, oil, solar, battery storage, and natural gas. Furthermore, they offer a cloud-based home platform that encompasses hardware, software, sales, installation, customer service, technical support, and professional monitoring solutions.

Stake, NRG, Investment