Paragon Private Wealth Management LLC Raises Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

Paragon Private Wealth Management LLC raised its position in NRG Energy, Inc. (NYSE:NRG) by 7.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Johnson Investment Counsel Inc. purchased a new stake in shares of NRG Energy during the fourth quarter worth approximately $266,000. Daiwa Securities Group Inc. raised its stake in shares of NRG Energy by 22.5% during the fourth quarter. Daiwa Securities Group Inc. now owns 43,356 shares of the utilities provider’s stock worth $3,912,000 after purchasing an additional 7,976 shares during the last quarter. Moran Wealth Management LLC purchased a new stake in shares of NRG Energy during the fourth quarter worth approximately $228,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of NRG Energy by 4.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 99,152 shares of the utilities provider’s stock worth $8,945,000 after purchasing an additional 3,970 shares during the last quarter. Finally, Amundi raised its stake in shares of NRG Energy by 76.3% during the fourth quarter. Amundi now owns 501,787 shares of the utilities provider’s stock worth $49,446,000 after purchasing an additional 217,167 shares during the last quarter. Hedge funds and other institutional investors own 97.72% of the company’s stock.

NRG Energy Stock Down 3.4 %

NRG Energy stock 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 firm has a market capitalization of $17.43 billion, a price-to-earnings ratio of 22.11, a price-to-earnings-growth ratio of 1.01 and a beta of 1.13. NRG Energy, Inc. has a fifty-two week low of $59.50 and a fifty-two week high of $117.26. The stock’s fifty day moving average is $102.41 and its two-hundred day moving average is $94.26.

NRG Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were issued a $0.44 dividend. This is a positive change from NRG Energy’s previous quarterly dividend of $0.41. The ex-dividend date was Monday, February 3rd. This represents a $1.76 annualized dividend and a yield of 2.00%. NRG Energy’s dividend payout ratio is 35.92%.

Insider Buying and Selling at NRG Energy

In other news, 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 value of $5,484,600.00. Following the sale, the vice president now directly owns 64,448 shares in the company, valued at $5,891,191.68. This represents a 48.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Bruce Chung sold 20,000 shares of the company’s stock in a transaction on 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 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 ownership of the stock. The disclosure for this sale can be found here. 0.86% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NRG. Morgan Stanley upped their price objective on NRG Energy from $86.00 to $99.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 19th. Evercore ISI raised NRG Energy from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $74.00 to $126.00 in a report on Tuesday, January 21st. BMO Capital Markets upped their price objective on NRG Energy from $100.00 to $115.00 and gave the stock a “market perform” rating in a report on Monday, March 3rd. Guggenheim upped their price objective on NRG Energy from $134.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Finally, Wells Fargo & Company upped their price objective on NRG Energy from $140.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, NRG Energy has a consensus rating of “Moderate Buy” and a consensus target price of $123.29.

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.