65,269 Shares in NRG Energy, Inc. (NYSE:NRG) Purchased by Beacon Harbor Wealth Advisors Inc.

Beacon Harbor Wealth Advisors Inc. purchased a new position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 65,269 shares of the utilities provider's stock, valued at approximately $5,889,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Everence Capital Management Inc. bought a new position in shares of NRG Energy during the 4th quarter worth $549,000. Meyer Handelman Co. grew its position in shares of NRG Energy by 43.8% during the 4th quarter. Meyer Handelman Co. now owns 78,982 shares of the utilities provider's stock worth $7,126,000 after buying an additional 24,062 shares in the last quarter. Luxor Capital Group LP boosted its position in NRG Energy by 47.8% during the third quarter. Luxor Capital Group LP now owns 520,591 shares of the utilities provider's stock valued at $47,426,000 after purchasing an additional 168,267 shares in the last quarter. Pine Valley Investments Ltd Liability Co boosted its position in NRG Energy by 25.1% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 50,027 shares of the utilities provider's stock valued at $4,557,000 after purchasing an additional 10,031 shares in the last quarter. Finally, Bank of Hawaii boosted its position in NRG Energy by 95.5% during the third quarter. Bank of Hawaii now owns 15,685 shares of the utilities provider's stock valued at $1,429,000 after purchasing an additional 7,662 shares in the last quarter. Institutional investors own 97.72% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. StockNews.com downgraded NRG Energy from a "buy" rating to a "hold" rating in a research report on Saturday. Guggenheim raised their price objective on NRG Energy from $134.00 to $145.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Jefferies Financial Group raised NRG Energy from a "hold" rating to a "buy" rating and raised their price objective for the company from $93.00 to $113.00 in a research report on Tuesday, November 26th. Morgan Stanley raised their price objective on NRG Energy from $86.00 to $99.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 19th. Finally, BMO Capital Markets raised their price objective on NRG Energy from $100.00 to $115.00 and gave the company a "market perform" rating in a research report on Monday, March 3rd. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $123.29.

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Insider Transactions at NRG Energy

In other news, CFO Bruce Chung sold 20,000 shares of the firm's stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $97.63, for a total value 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 $6,780,794.02. This trade represents a 22.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Robert J. Gaudette sold 60,000 shares of the firm's stock in a transaction dated 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 completion of the transaction, the vice president now owns 64,448 shares of the company's stock, valued at approximately $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. Company insiders own 0.86% of the company's stock.

NRG Energy Stock Down 3.4 %

NRG Energy stock traded down $3.12 during midday trading on Friday, reaching $88.02. The company's stock had a trading volume of 4,669,265 shares, compared to its average volume of 3,022,387. The stock's 50-day simple moving average is $102.48 and its 200-day simple moving average is $94.05. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. NRG Energy, Inc. has a 52-week low of $59.50 and a 52-week high of $117.26. The stock has a market capitalization of $17.43 billion, a P/E ratio of 22.11, a PEG ratio of 1.01 and a beta of 1.13.

NRG Energy Increases Dividend

The firm 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 is a boost from NRG Energy's previous quarterly dividend of $0.41. This represents a $1.76 dividend on an annualized basis and a yield of 2.00%. NRG Energy's dividend payout ratio (DPR) is 35.92%.

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.