Paradigm Asset Management Co. LLC Purchases New Shares in NRG Energy, Inc. (NYSE:NRG)

Paradigm Asset Management Co. LLC acquired a new position in shares of NRG Energy, Inc. (NYSE:NRG) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,200 shares of the utilities provider’s stock, valued at approximately $108,000.

Other institutional investors also recently bought and sold shares of the company. Allianz Asset Management GmbH grew its holdings in shares of NRG Energy by 2.7% during the fourth quarter. Allianz Asset Management GmbH now owns 290,378 shares of the utilities provider’s stock worth $26,198,000 after buying an additional 7,630 shares during the last quarter. Legacy Capital Group California Inc. lifted its position in NRG Energy by 9.0% during the 4th quarter. Legacy Capital Group California Inc. now owns 3,300 shares of the utilities provider’s stock worth $298,000 after acquiring an additional 273 shares during the period. Hussman Strategic Advisors Inc. grew its stake in shares of NRG Energy by 24.1% in the 4th quarter. Hussman Strategic Advisors Inc. now owns 54,000 shares of the utilities provider’s stock valued at $4,872,000 after purchasing an additional 10,500 shares during the last quarter. Concurrent Investment Advisors LLC increased its holdings in shares of NRG Energy by 5.5% in the fourth quarter. Concurrent Investment Advisors LLC now owns 5,609 shares of the utilities provider’s stock valued at $506,000 after purchasing an additional 294 shares during the period. Finally, Global Retirement Partners LLC raised its stake in shares of NRG Energy by 21.2% during the fourth quarter. Global Retirement Partners LLC now owns 1,686 shares of the utilities provider’s stock worth $152,000 after purchasing an additional 295 shares during the last quarter. 97.72% of the stock is currently owned by institutional investors and hedge funds.

NRG Energy Trading Down 4.6 %

Shares of NRG opened at $105.96 on Friday. The firm’s 50-day moving average is $100.59 and its two-hundred day moving average is $92.60. NRG Energy, Inc. has a twelve month low of $51.49 and a twelve month 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 firm has a market capitalization of $21.46 billion, a P/E ratio of 26.62, a PEG ratio of 1.33 and a beta of 1.15.

NRG Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were paid a $0.44 dividend. This is an increase from NRG Energy’s previous quarterly dividend of $0.41. This represents a $1.76 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend was Monday, February 3rd. NRG Energy’s dividend payout ratio (DPR) is presently 44.22%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on NRG. Citigroup lifted their price objective on shares of NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Morgan Stanley lifted their target price on shares of NRG Energy from $86.00 to $99.00 and gave the company an “equal weight” rating in a report on Wednesday. BMO Capital Markets increased their price target 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. 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 report on Tuesday, January 21st. Finally, Wells Fargo & Company increased their target price on NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, NRG Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $113.71.

Insider Buying and Selling

In other NRG Energy news, CFO Bruce Chung sold 20,000 shares of the firm’s stock in a transaction dated 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 approximately $6,780,794.02. This trade represents a 22.36 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Robert J. Gaudette sold 60,000 shares of the company’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 completion of the sale, the vice president now directly owns 64,448 shares in the company, valued at $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 currently owned by insiders.

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.