C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Purchases Shares of 2,235 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 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 2,235 shares of the utilities provider’s stock, valued at approximately $202,000.

Several other large investors have also recently bought and sold shares of the stock. M&T Bank Corp raised its holdings in NRG Energy by 0.3% in the 3rd quarter. M&T Bank Corp now owns 38,213 shares of the utilities provider’s stock valued at $3,481,000 after acquiring an additional 113 shares during the period. McIlrath & Eck LLC raised its holdings in NRG Energy by 4.5% in the 3rd quarter. McIlrath & Eck LLC now owns 2,630 shares of the utilities provider’s stock valued at $240,000 after acquiring an additional 113 shares during the period. Mather Group LLC. raised its holdings in NRG Energy by 18.4% in the 4th quarter. Mather Group LLC. now owns 803 shares of the utilities provider’s stock valued at $72,000 after acquiring an additional 125 shares during the period. Grove Bank & Trust raised its holdings in NRG Energy by 29.7% in the 4th quarter. Grove Bank & Trust now owns 564 shares of the utilities provider’s stock valued at $51,000 after acquiring an additional 129 shares during the period. Finally, Hanseatic Management Services Inc. grew its position in shares of NRG Energy by 12.0% during the 4th quarter. Hanseatic Management Services Inc. now owns 1,244 shares of the utilities provider’s stock worth $112,000 after purchasing an additional 133 shares in the last quarter. 97.72% of the stock is owned by institutional investors.

Insider Buying and Selling at NRG Energy

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

NRG Energy Stock Performance

NYSE NRG opened at $111.14 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. The firm has a market capitalization of $22.51 billion, a price-to-earnings ratio of 27.92, a P/E/G ratio of 1.32 and a beta of 1.15. The firm’s 50 day simple moving average is $100.37 and its 200 day simple moving average is $92.35. NRG Energy, Inc. has a 1 year low of $51.49 and a 1 year high of $115.38.

NRG Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were given a $0.44 dividend. The ex-dividend date was Monday, February 3rd. This represents a $1.76 dividend on an annualized basis and a yield of 1.58%. This is a positive change from NRG Energy’s previous quarterly dividend of $0.41. NRG Energy’s dividend payout ratio (DPR) is currently 44.22%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Morgan Stanley increased their target price on shares of NRG Energy from $86.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Citigroup increased their target price 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. Wells Fargo & Company increased their target price on shares of NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Jefferies Financial Group upgraded shares of NRG Energy from a “hold” rating to a “buy” rating and increased their target price for the stock from $93.00 to $113.00 in a research report on Tuesday, November 26th. Finally, Evercore ISI upgraded shares of NRG Energy from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $74.00 to $126.00 in a research report on Tuesday, January 21st. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, NRG Energy currently has an average rating of “Moderate Buy” and an average price target of $113.71.

NRG Energy Company 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.