LVM Capital Management Ltd. MI Invests in NRG Energy, Inc.

LVM Capital Management Ltd. MI made a new investment by acquiring shares in NRG Energy, Inc. (NYSE:NRG) during the fourth quarter of the previous year. According to their latest report to the SEC, the firm purchased 6,823 shares valued at around $616,000, marking a significant entry into the utilities sector.

Recent Changes in Stake by Hedge Funds

Other hedge funds have also recently adjusted their positions in NRG. For instance, M&T Bank Corp increased its stake by 0.3% in the third quarter, bringing their total to 38,213 shares worth $3,481,000 after adding 113 shares. Meanwhile, McIlrath & Eck LLC raised its position by 4.5%, owning 2,630 shares currently valued at $240,000 after a similar purchase of 113 shares. Additionally, Castle Rock Wealth Management LLC boosted its holdings by 3.5%, acquiring 3,746 shares worth $356,000. Park Avenue Securities LLC also grew its position by 2.8%, ending up with 4,910 shares valued at $447,000 after purchasing another 134 shares. Finally, Covestor Ltd increased its stake by an impressive 74.7%, now owning 325 shares valued at $30,000 following an acquisition of 139 shares. Collectively, these hedge funds and institutional investors own 97.72% of NRG's stock.

Analyst Ratings and Price Predictions

NRG has attracted attention from various analysts recently. Guggenheim raised their target price for NRG Energy from $77.00 to $118.00, issuing a "buy" rating in a report dated October 8th. Similarly, Jefferies Financial Group elevated NRG Energy from a "hold" to a "buy" status, increasing their price target from $93.00 to $113.00 on November 26th. BMO Capital Markets improved their target from $94.00 to $100.00, giving a "market perform" rating on November 19th. Citigroup adjusted their target price from $84.00 to $100.00, also favoring a "buy" rating on October 31st. Furthermore, Wells Fargo & Company increased their price target dramatically from $130.00 to $140.00 while maintaining an "overweight" rating on November 11th. Overall, research analysts have mixed opinions, with four rating the stock as a hold and four as a buy. According to MarketBeat, the consensus rating for NRG Energy stands at "Moderate Buy" with an average target price set at $102.71.

Insider Activity

In related news, Vice President Robert J. Gaudette sold 60,000 shares of NRG's stock on January 2nd at an average price of $91.41, totaling $5,484,600. Following this transaction, he still holds 64,448 shares valued at approximately $5,891,191.68, reflecting a 48.21% decrease in his holdings. This sale was documented in a filing with the Securities & Exchange Commission.

Current Stock Performance of NRG Energy

As of Friday, NRG traded up $0.90 during midday trading, reaching $99.44 with trading volumes around 1,531,056 shares compared to its average of 2,844,238 shares. The company has a 50-day simple moving average of $94.61 and a 200-day average of $86.46. Over the past twelve months, NRG has seen a low of $50.23 and a high of $103.14. It boasts a market capitalization of $20.14 billion, a price-to-earnings ratio of 24.98, and a PEG ratio of 1.29, along with a beta of 1.15 and a debt-to-equity ratio of 5.57.

About NRG Energy, Inc.

NRG Energy, Inc., along with its subsidiaries, operates as an energy and home services company in both the United States and Canada. The company runs several segments, including Texas; East; West/Services/Other; Vivint Smart Home; and Corporate Activities. NRG produces and sells electricity generated from various sources, such as coal, oil, solar, and battery storage, in addition to natural gas. The company also offers a cloud-based home platform that includes various services like installation, customer support, and technical assistance.

investment, operation, analysis