Paragon Private Wealth Management LLC Grows Position in NRG Energy, Inc. (NYSE:NRG)

Paragon Private Wealth Management LLC increased its stake in NRG Energy, Inc. (NYSE:NRG) by 7.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,175 shares of the utilities provider’s stock after buying an additional 437 shares during the quarter. Paragon Private Wealth Management LLC’s holdings in NRG Energy were worth $557,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Janney Montgomery Scott LLC grew its position in shares of NRG Energy by 32.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 9,765 shares of the utilities provider’s stock worth $890,000 after acquiring an additional 2,385 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of NRG Energy by 17.7% during the 3rd quarter. Principal Financial Group Inc. now owns 458,811 shares of the utilities provider’s stock valued at $41,800,000 after purchasing an additional 69,047 shares during the period. Galvin Gaustad & Stein LLC acquired a new position in shares of NRG Energy in the 3rd quarter worth $203,000. Atria Investments Inc grew its holdings in shares of NRG Energy by 62.9% in the 3rd quarter. Atria Investments Inc now owns 15,072 shares of the utilities provider’s stock worth $1,373,000 after acquiring an additional 5,819 shares during the last quarter. Finally, Covestor Ltd grew its holdings in shares of NRG Energy by 74.7% during the third quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock valued at $30,000 after buying an additional 139 shares in the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.

NRG Energy Price Performance

NYSE:NRG opened at $88.02 on Monday. 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 stock’s 50-day simple moving average is $102.41 and its 200 day simple moving average is $94.26. The company has a market cap of $17.43 billion, a P/E ratio of 22.11, a P/E/G ratio of 1.01 and a beta of 1.13. NRG Energy, Inc. has a 52-week low of $59.50 and a 52-week high of $117.26.

NRG Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a dividend of $0.44 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.76 dividend on an annualized basis and a yield of 2.00%. This is a boost from NRG Energy’s previous quarterly dividend of $0.41. NRG Energy’s dividend payout ratio (DPR) is presently 35.92%.

Insider Transactions at NRG Energy

In other NRG Energy news, CFO Bruce Chung sold 20,000 shares of the business’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 transaction, the chief financial officer now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Robert J. Gaudette sold 60,000 shares of the company’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 transaction, the vice president now owns 64,448 shares of the company’s stock, valued at $5,891,191.68. This trade 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.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Evercore ISI raised NRG Energy from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $74.00 to $126.00 in a research report on Tuesday, January 21st. Morgan Stanley boosted their price objective on NRG Energy from $86.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 19th. Jefferies Financial Group upgraded NRG Energy from a “hold” rating to a “buy” rating and boosted their price target for the company from $93.00 to $113.00 in a research note on Tuesday, November 26th. Guggenheim boosted their price target on NRG Energy from $134.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Finally, StockNews.com lowered NRG Energy from a “buy” rating to a “hold” rating in a research note on Saturday. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, NRG Energy currently has an average rating of “Moderate Buy” and a consensus price target of $123.29.

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.