Diversified Trust Co Reduces Its Stake in NRG Energy, Inc.

Diversified Trust Co has recently decreased its ownership in NRG Energy, Inc. (NYSE:NRG) by 41.1%. This reduction took place during the fourth quarter, as reported in the company's latest 13F filing with the SEC. Following this sale, Diversified Trust Co now owns 2,674 shares of NRG Energy after selling 1,864 shares during that quarter. The value of these holdings was approximately $241,000 at the time of the latest filing.

Other large investors have also modified their positions in NRG Energy. Los Angeles Capital Management LLC made significant adjustments, increasing its stake by an astonishing 32,962.3% during the third quarter. Now, they hold 1,052,705 shares of NRG Energy, valued at about $95,901,000 after acquiring 1,049,521 additional shares. Additionally, Fred Alger Management LLC established a new position in NRG Energy during the second quarter, valued at $53,773,000. Meanwhile, Bridgewater Associates LP increased their holdings by 352.9% in the same quarter, bringing their total to 804,801 shares worth $73,317,000 after purchasing 627,121 additional shares. The Canada Pension Plan Investment Board also made a new investment in NRG Energy during the second quarter, amounting to $43,134,000. Lastly, Caisse DE Depot ET Placement DU Quebec raised their position by 52.2% in the third quarter, now owning 1,330,706 shares valued at $121,227,000.

Performance of NRG Energy Stock

On Friday, NRG Energy's stock opened at $99.35. The company exhibits a debt-to-equity ratio of 5.57 and has a quick ratio of 1.10 along with a current ratio of 1.17. Over the past year, NRG Energy has experienced a low of $50.23 and a high of $103.14. Its market capitalization stands at $20.12 billion, with a price-to-earnings (P/E) ratio of 24.96, and a PEG ratio of 1.29. The stock is currently showing a 50-day moving average price of $94.86 and a 200-day moving average price of $86.61.

Analysts Set Positive Outlook for NRG Energy

Recent feedback from analysts has been optimistic regarding NRG shares. Guggenheim raised their target price from $77.00 to $118.00, rating the stock as a “buy” in a report published on October 8. BMO Capital Markets also increased their price target from $94.00 to $100.00, issuing a “market perform” rating. Citigroup has boosted their price objective from $84.00 to $100.00, classifying NRG Energy as a “buy” in their report on October 31. Jefferies Financial Group upgraded their rating from “hold” to “buy” and increased their target price from $93.00 to $113.00 on November 26. Lastly, Wells Fargo & Company raised their target price for NRG Energy from $130.00 to $140.00, giving the stock an “overweight” rating. Data from MarketBeat indicates that four research analysts rate the stock as a hold, while four others recommend a buy, leading to a consensus rating of “Moderate Buy” with an average price target of $102.71.

Insider Trading at NRG Energy

In recent insider activity, Robert J. Gaudette, the Vice President of NRG Energy, sold 60,000 shares of the company's stock on January 2. The shares were sold at an average price of $91.41, totaling approximately $5,484,600. After the sale, Gaudette holds 64,448 shares valued around $5,891,191.68, which represents a 48.21% decrease in his ownership. This transaction was also reported to the Securities and Exchange Commission.

Overview of NRG Energy

NRG Energy, Inc., along with its subsidiaries, provides energy and home services across the United States and Canada. The company operates in several segments including Texas, East, West/Services/Other, Vivint Smart Home, and Corporate Activities. NRG Energy produces and sells electricity derived from coal, oil, solar, and battery storage, as well as natural gas. They also offer a cloud-based home platform that includes hardware, software, sales, installation, customer service, technical support, and professional monitoring solutions.

Closing Remarks

This update regarding Diversified Trust Co's stake reduction in NRG Energy, alongside the interest from other large investors and positive analyst outlooks, reflects the dynamic landscape of the energy sector and the ongoing activities around NRG Energy.

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