Concurrent Investment Advisors LLC Has $506,000 Position in NRG Energy, Inc. (NYSE:NRG)

Concurrent Investment Advisors LLC increased its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 5.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. 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 reporting period.

Several other institutional investors have also made changes to their positions in the business. Global Retirement Partners LLC boosted its position in NRG Energy by 21.2% in the fourth quarter. Global Retirement Partners LLC now owns 1,686 shares of the utilities provider’s stock valued at $152,000 after buying an additional 295 shares in the last quarter. Convergence Investment Partners LLC boosted its position in NRG Energy by 40.7% in the fourth quarter. Convergence Investment Partners LLC now owns 32,555 shares of the utilities provider’s stock valued at $2,937,000 after buying an additional 9,424 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund boosted its position in NRG Energy by 87.4% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 11,453 shares of the utilities provider’s stock valued at $1,033,000 after buying an additional 5,343 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in NRG Energy in the fourth quarter valued at about $202,000. Finally, Atria Wealth Solutions Inc. boosted its position in NRG Energy by 32.5% in the fourth quarter. Atria Wealth Solutions Inc. now owns 12,574 shares of the utilities provider’s stock valued at $1,134,000 after buying an additional 3,083 shares in the last quarter. 97.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other NRG Energy news, VP Robert J. Gaudette sold 60,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $91.41, for a total value of $5,484,600.00. Following the completion of the sale, the vice president now owns 64,448 shares of the company’s stock, valued at approximately $5,891,191.68. This represents a 48.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Bruce Chung sold 20,000 shares of the company’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 sale, the chief financial officer now directly owns 69,454 shares of the company’s stock, valued at $6,780,794.02. The trade was a 22.36 % 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 Trading Down 2.4 %

NRG opened at $103.39 on Tuesday. 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 market cap of $20.94 billion, a price-to-earnings ratio of 25.98, a price-to-earnings-growth ratio of 1.01 and a beta of 1.15. The firm has a 50 day simple moving average of $100.77 and a 200 day simple moving average of $93.08. NRG Energy, Inc. has a fifty-two week low of $51.58 and a fifty-two week high of $115.38.

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 paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.70%. This is an increase from NRG Energy’s previous quarterly dividend of $0.41. The ex-dividend date was Monday, February 3rd. NRG Energy’s payout ratio is 44.22%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on NRG shares. BMO Capital Markets boosted their price target on shares of NRG Energy from $94.00 to $100.00 and gave the company a “market perform” rating in a research report on Tuesday, November 19th. Citigroup upped their target price on shares of NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Evercore ISI upgraded shares of NRG Energy from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $74.00 to $126.00 in a research report on Tuesday, January 21st. Wells Fargo & Company upped their target price on shares of NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Finally, Jefferies Financial Group upgraded shares of NRG Energy from a “hold” rating to a “buy” rating and upped their target price for the stock from $93.00 to $113.00 in a research report on Tuesday, November 26th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $113.71.

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.