C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Purchases New Holdings in NRG Energy, Inc. (NYSE:NRG)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in NRG Energy, Inc. (NYSE:NRG) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 2,235 shares of the utilities provider’s stock, valued at approximately $202,000.

Other institutional investors have also bought and sold shares of the company. Everence Capital Management Inc. purchased a new position in NRG Energy in the 4th quarter worth approximately $549,000. Meyer Handelman Co. lifted its stake in NRG Energy by 43.8% in the 4th quarter. Meyer Handelman Co. now owns 78,982 shares of the utilities provider’s stock worth $7,126,000 after purchasing an additional 24,062 shares in the last quarter. Luxor Capital Group LP lifted its stake in NRG Energy by 47.8% in the 3rd quarter. Luxor Capital Group LP now owns 520,591 shares of the utilities provider’s stock worth $47,426,000 after purchasing an additional 168,267 shares in the last quarter. Pine Valley Investments Ltd Liability Co lifted its stake in NRG Energy by 25.1% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 50,027 shares of the utilities provider’s stock worth $4,557,000 after purchasing an additional 10,031 shares in the last quarter. Finally, Bank of Hawaii lifted its stake in NRG Energy by 95.5% in the 3rd quarter. Bank of Hawaii now owns 15,685 shares of the utilities provider’s stock worth $1,429,000 after purchasing an additional 7,662 shares in the last quarter. 97.72% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on NRG. Citigroup raised their target price on shares of NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Jefferies Financial Group raised shares of NRG Energy from a “hold” rating to a “buy” rating and lifted their price target for the company from $93.00 to $113.00 in a research report on Tuesday, November 26th. Wells Fargo & Company lifted their price target 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. Evercore ISI raised shares of NRG Energy from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $74.00 to $126.00 in a research report on Tuesday, January 21st. Finally, BMO Capital Markets lifted their price target on shares of NRG Energy from $94.00 to $100.00 and gave the company a “market perform” rating in a research report on Tuesday, November 19th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $111.43.

NRG Energy Stock Up 1.3 %

NRG Energy stock opened at $107.64 on Friday. NRG Energy, Inc. has a fifty-two week low of $51.42 and a fifty-two week high of $115.38. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17. The firm has a 50 day moving average price of $99.11 and a 200 day moving average price of $91.30. The company has a market capitalization of $21.80 billion, a PE ratio of 27.05, a price-to-earnings-growth ratio of 1.22 and a beta of 1.15.

NRG Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Monday, February 3rd. This is an increase from NRG Energy’s previous quarterly dividend of $0.41. NRG Energy’s dividend payout ratio (DPR) is 44.22%.

Insider Activity at NRG Energy

In other NRG Energy 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 completion of the transaction, the chief financial officer now owns 69,454 shares in the company, valued at $6,780,794.02. The trade was a 22.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Robert J. Gaudette sold 60,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $91.41, for a total transaction of $5,484,600.00. Following the completion of the transaction, the vice president now owns 64,448 shares of the company’s stock, valued at approximately $5,891,191.68. This trade represents a 48.21 % decrease in their position. The disclosure for this sale can be found here. 0.86% of the stock is owned by insiders.

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.