Concurrent Investment Advisors LLC Buys 294 Shares of NRG Energy, Inc. (NYSE:NRG)

Concurrent Investment Advisors LLC lifted its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 5.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,609 shares of the utilities provider’s stock after acquiring an additional 294 shares during the period. Concurrent Investment Advisors LLC’s holdings in NRG Energy were worth $506,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new stake in shares of NRG Energy during the third quarter worth $26,000. Covestor Ltd increased its position in shares of NRG Energy by 74.7% during the third quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 139 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new position in NRG Energy during the third quarter worth $35,000. UMB Bank n.a. boosted its holdings in NRG Energy by 100.4% during the fourth quarter. UMB Bank n.a. now owns 455 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 228 shares during the last quarter. Finally, RPg Family Wealth Advisory LLC acquired a new position in NRG Energy during the third quarter worth $43,000. Institutional investors own 97.72% of the company’s stock.

Analyst Upgrades and Downgrades

NRG has been the subject of several recent research reports. 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 report on Monday, November 11th. 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 report on Tuesday, January 21st. 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 report on Wednesday, February 19th. 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 report on Thursday, October 31st. Finally, BMO Capital Markets increased their target price on shares of NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a report on Tuesday, November 19th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, NRG Energy presently has an average rating of “Moderate Buy” and an average target price of $113.71.

Insider Buying and Selling at NRG Energy

In other news, CFO Bruce Chung sold 20,000 shares of the stock in a transaction dated 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 transaction, the chief financial officer now directly owns 69,454 shares of the company’s stock, valued at $6,780,794.02. This represents a 22.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Robert J. Gaudette sold 60,000 shares of the 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 completion of the transaction, the vice president now directly owns 64,448 shares in the company, valued at $5,891,191.68. The trade was 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 Stock Performance

Shares of NRG stock opened at $103.39 on Tuesday. The stock has a market cap of $20.94 billion, a P/E ratio of 25.98, a P/E/G ratio of 1.01 and a beta of 1.15. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. The company has a fifty day moving average price of $100.77 and a two-hundred day moving average price of $93.08. NRG Energy, Inc. has a one year low of $51.58 and a one year high of $115.38.

NRG Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid 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 1.70%. This is a boost from NRG Energy’s previous quarterly dividend of $0.41. NRG Energy’s dividend payout ratio (DPR) is currently 44.22%.

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.