154,825 Shares in NRG Energy, Inc. (NYSE:NRG) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new position in NRG Energy, Inc. (NYSE:NRG - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 154,825 shares of the utilities provider's stock, valued at approximately $155,000. Proficio Capital Partners LLC owned approximately 0.08% of NRG Energy as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. grew its stake in shares of NRG Energy by 1,010.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,557,350 shares of the utilities provider's stock valued at $140,504,000 after buying an additional 1,417,057 shares in the last quarter. Bridgewater Associates LP lifted its holdings in NRG Energy by 352.9% in the 3rd quarter. Bridgewater Associates LP now owns 804,801 shares of the utilities provider's stock valued at $73,317,000 after acquiring an additional 627,121 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its holdings in NRG Energy by 52.2% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,330,706 shares of the utilities provider's stock worth $121,227,000 after buying an additional 456,573 shares during the period. Geode Capital Management LLC grew its stake in NRG Energy by 6.2% during the 3rd quarter. Geode Capital Management LLC now owns 5,399,098 shares of the utilities provider's stock valued at $494,225,000 after acquiring an additional 313,478 shares in the last quarter. Finally, Holocene Advisors LP raised its stake in shares of NRG Energy by 150.4% during the 3rd quarter. Holocene Advisors LP now owns 476,103 shares of the utilities provider's stock worth $43,373,000 after purchasing an additional 285,933 shares in the last quarter. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on NRG. Wells Fargo & Company increased their target price on NRG Energy from $140.00 to $165.00 and gave the company an "overweight" rating in a research note on Thursday, February 27th. Evercore ISI raised 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 report on Tuesday, January 21st. BMO Capital Markets increased their target price on NRG Energy from $100.00 to $115.00 and gave the stock a "market perform" rating in a report on Monday, March 3rd. StockNews.com lowered NRG Energy from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. Finally, Morgan Stanley lifted 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. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $123.29.

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NRG Energy Stock Performance

Shares of NYSE:NRG opened at $92.40 on Thursday. The firm has a market cap of $18.30 billion, a PE ratio of 23.22, a PEG ratio of 1.01 and a beta of 1.13. NRG Energy, Inc. has a 12-month low of $62.14 and a 12-month high of $117.26. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57. The company's 50 day moving average price is $102.26 and its two-hundred day moving average price is $94.30.

NRG Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders 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 yield of 1.90%. This is an increase from NRG Energy's previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Monday, February 3rd. NRG Energy's dividend payout ratio is presently 35.92%.

Insider Transactions at NRG Energy

In other news, VP Robert J. Gaudette sold 60,000 shares of NRG Energy stock in a transaction 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 in the company, valued at $5,891,191.68. The trade was a 48.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 value of $1,952,600.00. Following the sale, the chief financial officer now owns 69,454 shares of the company's stock, valued at approximately $6,780,794.02. This represents a 22.36 % decrease in their position. The disclosure for this sale can be found here. 0.86% of the stock is owned by insiders.

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.

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