C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Takes $202,000 Position in NRG Energy, Inc. (NYSE:NRG)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of NRG Energy, Inc. (NYSE:NRG) in the 4th quarter, Holdings Channel.com reports. The fund purchased 2,235 shares of the utilities provider’s stock, valued at approximately $202,000.

Several other large investors have also recently modified their holdings of the business. Atria Wealth Solutions Inc. raised its stake in shares of NRG Energy by 32.5% during the fourth quarter. Atria Wealth Solutions Inc. now owns 12,574 shares of the utilities provider’s stock valued at $1,134,000 after acquiring an additional 3,083 shares during the last quarter. Venturi Wealth Management LLC raised its stake in NRG Energy by 31.6% during the fourth quarter. Venturi Wealth Management LLC now owns 729 shares of the utilities provider’s stock worth $66,000 after buying an additional 175 shares during the last quarter. Truist Financial Corp raised its stake in NRG Energy by 83.7% during the fourth quarter. Truist Financial Corp now owns 47,383 shares of the utilities provider’s stock worth $4,275,000 after buying an additional 21,596 shares during the last quarter. CIBC Asset Management Inc raised its stake in NRG Energy by 3.1% during the fourth quarter. CIBC Asset Management Inc now owns 31,095 shares of the utilities provider’s stock worth $2,805,000 after buying an additional 931 shares during the last quarter. Finally, Sanctuary Advisors LLC raised its stake in NRG Energy by 2.5% during the fourth quarter. Sanctuary Advisors LLC now owns 99,317 shares of the utilities provider’s stock worth $8,960,000 after buying an additional 2,462 shares during the last quarter. Institutional investors own 97.72% of the company’s stock.

Insider Activity

In related news, VP Robert J. Gaudette sold 60,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $91.41, for a total transaction of $5,484,600.00. Following the transaction, the vice president now directly owns 64,448 shares in the company, valued at approximately $5,891,191.68. The trade was a 48.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Bruce Chung sold 20,000 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $97.63, for a total transaction of $1,952,600.00. Following the transaction, the chief financial officer now owns 69,454 shares in the company, valued at approximately $6,780,794.02. This trade represents a 22.36 % 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.

Analyst Ratings Changes

NRG has been the subject of a number of analyst reports. Morgan Stanley lifted 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 note on Wednesday. Jefferies Financial Group raised shares of NRG Energy from a “hold” rating to a “buy” rating and lifted their target price for the stock from $93.00 to $113.00 in a research note on Tuesday, November 26th. Wells Fargo & Company lifted their target price on shares of NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. BMO Capital Markets lifted their target price on shares of NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 19th. Finally, 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 note on Tuesday, January 21st. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $113.71.

NRG Energy Trading Down 1.1 %

NRG opened at $111.14 on Friday. NRG Energy, Inc. has a 1-year low of $51.49 and a 1-year high of $115.38. 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 company has a market cap of $22.51 billion, a P/E ratio of 27.92, a price-to-earnings-growth ratio of 1.32 and a beta of 1.15. The company has a fifty day moving average price of $100.37 and a two-hundred day moving average price of $92.35.

NRG Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.44 per share. This is a boost from NRG Energy’s previous quarterly dividend of $0.41. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend was Monday, February 3rd. NRG Energy’s dividend payout ratio (DPR) is currently 44.22%.

About NRG Energy

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.