TrueWealth Advisors LLC Acquires Stake in NRG Energy, Inc.

TrueWealth Advisors LLC has recently taken a new position in NRG Energy, Inc. (NYSE:NRG), as reported in their latest Form 13F filing with the SEC. The firm acquired 5,274 shares of the utilities company, which amounts to an investment of about $476,000.

Institutional Investments in NRG Energy

In addition to TrueWealth Advisors, several other institutional investors have made significant adjustments to their holdings in NRG Energy. Notably, Assenagon Asset Management S.A. increased its stake dramatically by 1,010.1% in the fourth quarter, now owning 1,557,350 shares valued at around $140.5 million after acquiring an additional 1,417,057 shares.

Furthermore, Los Angeles Capital Management LLC raised its holdings in NRG Energy by an astonishing 32,962.3% during the third quarter, now possessing 1,052,705 shares valued at about $95.9 million following a purchase of over 1 million shares. Fred Alger Management LLC also established a new position worth $53.8 million in NRG Energy in the second quarter. Bridgewater Associates LP increased its stake by 352.9% in the third quarter, now owning 804,801 shares at a value of approximately $73.3 million after acquiring an additional 627,121 shares. Lastly, the Canada Pension Plan Investment Board purchased a new position worth about $43.1 million in the same period.

In total, institutional investors and hedge funds own approximately 97.72% of NRG Energy's stock.

NRG Energy's Stock Performance

On Friday, shares of NRG Energy opened at $104.50. The company has a fifty-day simple moving average of $95.81 and a two-hundred-day average of $87.38. In the past year, NRG Energy has recorded a low of $50.43 and a high of $106.65. With a market capitalization of $21.17 billion, it has a price-to-earnings (P/E) ratio of 26.26 and a P/E/G ratio of 1.17, alongside a beta of 1.15. NRG's liquidity is reflected in its quick ratio of 1.10, current ratio of 1.17, and a notably high debt-to-equity ratio of 5.57.

Analysts' Outlook on NRG Energy

Several analysts have commented on NRG Energy's stock. BMO Capital Markets recently increased their price target for shares of NRG Energy from $94.00 to $100.00, while maintaining a "market perform" rating. Jefferies Financial Group upgraded its rating from "hold" to "buy," raising its price target from $93.00 to $113.00.

Wells Fargo also boosted their price objective from $130.00 to $140.00, assigning an "overweight" rating, and Citigroup increased its target from $84.00 to $100.00 with a "buy" rating. Guggenheim lifted their target from $77.00 to $118.00, categorizing it as a "buy." Among analysts, four have given the stock a hold rating, and four have assigned it a buy rating. Overall, analysts have assessed NRG Energy with a consensus rating of "Moderate Buy" and an average price target of $102.71.

Insider Trading Activity at NRG Energy

Insider transactions have also taken place recently. Vice President Robert J. Gaudette sold 60,000 shares on January 2nd at an average price of $91.41, totaling $5,484,600. After this sale, he holds 64,448 shares valued at roughly $5.9 million, reflecting a 48.21% decrease in his holdings. Additionally, CFO Bruce Chung sold 20,000 shares on January 13th at an average price of $97.63, earning $1,952,600. Following this transaction, he owns 69,454 shares valued at about $6.78 million, marking a 22.36% reduction in ownership. Corporate insiders currently hold about 0.61% of NRG Energy's stock.

Overview of NRG Energy

NRG Energy, Inc., along with its subsidiaries, operates in the energy and home services sector across the United States and Canada. The company is involved in generating and selling electricity through various means, including coal, oil, solar, and battery storage, as well as natural gas. NRG Energy also provides a cloud-based home platform that encompasses hardware, software, sales, installation, customer service, and professional monitoring solutions.

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