Meyer Handelman Co. Has $7.13 Million Holdings in NRG Energy, Inc. (NYSE:NRG)

Meyer Handelman Co. lifted its position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 43.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 78,982 shares of the utilities provider's stock after purchasing an additional 24,062 shares during the quarter. Meyer Handelman Co.'s holdings in NRG Energy were worth $7,126,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. M&T Bank Corp increased its holdings in NRG Energy by 0.3% during the 3rd quarter. M&T Bank Corp now owns 38,213 shares of the utilities provider's stock valued at $3,481,000 after purchasing an additional 113 shares in the last quarter. McIlrath & Eck LLC raised its holdings in shares of NRG Energy by 4.5% in the third quarter. McIlrath & Eck LLC now owns 2,630 shares of the utilities provider's stock valued at $240,000 after buying an additional 113 shares during the last quarter. Castle Rock Wealth Management LLC increased its position in NRG Energy by 3.5% in the 3rd quarter. Castle Rock Wealth Management LLC now owns 3,746 shares of the utilities provider's stock valued at $356,000 after acquiring an additional 126 shares in the last quarter. Park Avenue Securities LLC increased its holdings in shares of NRG Energy by 2.8% in the third quarter. Park Avenue Securities LLC now owns 4,910 shares of the utilities provider's stock valued at $447,000 after purchasing an additional 134 shares in the last quarter. Finally, Covestor Ltd raised its position in NRG Energy by 74.7% in the 3rd quarter. Covestor Ltd now owns 325 shares of the utilities provider's stock worth $30,000 after purchasing an additional 139 shares during the last quarter. 97.72% of the stock is currently owned by institutional investors.

NRG Energy Trading Up 4.3 %

Shares of NRG traded up $4.28 during trading hours on Wednesday, reaching $104.07. The stock had a trading volume of 2,103,924 shares, compared to its average volume of 2,890,724. The firm has a 50-day moving average of $95.21 and a 200 day moving average of $86.94. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57. The company has a market cap of $21.08 billion, a P/E ratio of 26.15, a P/E/G ratio of 1.29 and a beta of 1.15. NRG Energy, Inc. has a 52 week low of $50.24 and a 52 week high of $104.92.

Analyst Ratings Changes

A number of research firms have recently weighed in on NRG. BMO Capital Markets boosted their target price on NRG Energy from $94.00 to $100.00 and gave the stock a "market perform" rating in a research report on Tuesday, November 19th. Wells Fargo & Company upped their target price on shares of NRG Energy from $130.00 to $140.00 and gave the company an "overweight" rating in a research report on Monday, November 11th. Citigroup lifted their price target on shares of NRG Energy from $84.00 to $100.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Guggenheim raised 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. Finally, Jefferies Financial Group upgraded shares of NRG Energy from a "hold" rating to a "buy" rating and upped their target price for the company from $93.00 to $113.00 in a research report on Tuesday, November 26th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $102.71.

Insiders Place Their Bets

In related news, CFO Bruce Chung sold 20,000 shares of the business's stock in a transaction on Monday, January 13th. The shares were sold at an average price of $97.63, for a total value of $1,952,600.00. Following the sale, the chief financial officer now directly owns 69,454 shares of the company's stock, valued at approximately $6,780,794.02. The trade was a 22.36 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Robert J. Gaudette sold 60,000 shares of the company's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $91.41, for a total value of $5,484,600.00. Following the transaction, the vice president now directly owns 64,448 shares of the company's stock, valued at $5,891,191.68. This represents a 48.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company's stock.

NRG Energy 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.