Proficio Capital Partners LLC Acquires Shares of 154,825 NRG Energy, Inc. (NYSE:NRG)

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

Other institutional investors also recently modified their holdings of the company. Cerity Partners LLC lifted its position in shares of NRG Energy by 21.9% during the 3rd quarter. Cerity Partners LLC now owns 26,398 shares of the utilities provider's stock worth $2,405,000 after purchasing an additional 4,749 shares during the last quarter. Independent Advisor Alliance acquired a new position in shares of NRG Energy during the third quarter worth approximately $225,000. Brown Brothers Harriman & Co. grew its stake in shares of NRG Energy by 113,700.0% in the third quarter. Brown Brothers Harriman & Co. now owns 1,138 shares of the utilities provider's stock worth $104,000 after acquiring an additional 1,137 shares during the last quarter. Brooklyn Investment Group bought a new stake in NRG Energy in the 3rd quarter valued at $46,000. Finally, Townsquare Capital LLC bought a new position in shares of NRG Energy during the 3rd quarter worth about $242,000. Institutional investors own 97.72% of the company's stock.

Analyst Ratings Changes

NRG has been the topic of a number of recent research reports. StockNews.com downgraded NRG Energy from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. Guggenheim upped their target price on NRG Energy from $134.00 to $145.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. BMO Capital Markets lifted their price target on shares of NRG Energy from $100.00 to $115.00 and gave the stock a "market perform" rating in a research note on Monday, March 3rd. Evercore ISI upgraded shares of NRG Energy from an "in-line" rating to an "outperform" rating and increased their price objective for the company from $74.00 to $126.00 in a research note on Tuesday, January 21st. Finally, 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 research report on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $123.29.

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Insiders Place Their Bets

In other news, CFO Bruce Chung sold 20,000 shares of NRG Energy stock in a transaction on 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 sale, the chief financial officer now directly owns 69,454 shares of the company's stock, valued at approximately $6,780,794.02. This trade represents a 22.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Robert J. Gaudette sold 60,000 shares of the company's 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 transaction, 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. Insiders own 0.86% of the company's stock.

NRG Energy Price Performance

Shares of NRG traded up $4.37 during trading hours on Wednesday, hitting $102.90. The stock had a trading volume of 3,298,133 shares, compared to its average volume of 3,079,293. The stock has a market capitalization of $20.96 billion, a price-to-earnings ratio of 25.85, a P/E/G ratio of 1.01 and a beta of 1.13. 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's fifty day moving average is $101.16 and its two-hundred day moving average is $96.08. NRG Energy, Inc. has a 52 week low of $65.11 and a 52 week high of $117.26.

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 issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.71%. This is a boost 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 (DPR) is currently 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.