TriaGen Wealth Management LLC Acquires New Shares in NRG Energy, Inc. (NYSE:NRG)

TriaGen Wealth Management LLC bought 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 disclosure with the Securities & Exchange Commission. The fund bought 18,908 shares of the utilities provider's stock, valued at approximately $1,706,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Ashton Thomas Securities LLC acquired a new stake in shares of NRG Energy in the 3rd quarter valued at $26,000. Covestor Ltd increased its stake in shares of NRG Energy by 74.7% in the 3rd quarter. Covestor Ltd now owns 325 shares of the utilities provider's stock valued at $30,000 after acquiring an additional 139 shares during the last quarter. Harbor Capital Advisors Inc. bought a new stake in shares of NRG Energy in the 3rd quarter valued at about $35,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in NRG Energy during the 3rd quarter worth approximately $36,000. Finally, UMB Bank n.a. increased its stake in NRG Energy by 100.4% during the 4th quarter. UMB Bank n.a. now owns 455 shares of the utilities provider's stock worth $41,000 after purchasing an additional 228 shares in the last quarter. Institutional investors own 97.72% of the company's stock.

NRG Energy Stock Performance

NRG traded down $1.00 during trading hours on Tuesday, reaching $101.68. The company's stock had a trading volume of 1,143,371 shares, compared to its average volume of 3,326,059. NRG Energy, Inc. has a 52 week low of $51.26 and a 52 week high of $115.38. The company's 50-day moving average is $98.38 and its 200-day moving average is $89.67. 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 cap of $20.60 billion, a PE ratio of 25.57, a price-to-earnings-growth ratio of 1.21 and a beta of 1.15.

NRG Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date is Monday, February 3rd. This is a boost from NRG Energy's previous quarterly dividend of $0.41. NRG Energy's dividend payout ratio is 40.95%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Evercore ISI raised NRG Energy from an "in-line" rating to an "outperform" rating and increased their target price for the stock from $74.00 to $126.00 in a research note on Tuesday, January 21st. Jefferies Financial Group raised NRG Energy from a "hold" rating to a "buy" rating and upped their price target for the stock from $93.00 to $113.00 in a research report on Tuesday, November 26th. Citigroup increased their price objective on NRG Energy from $84.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Wells Fargo & Company increased their price objective on NRG Energy from $130.00 to $140.00 and gave the company an "overweight" rating in a report on Monday, November 11th. Finally, Guggenheim increased their price objective on NRG Energy from $77.00 to $118.00 and gave the company a "buy" rating in a report on Tuesday, October 8th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $111.43.

Insider Activity at NRG Energy

In other NRG Energy news, CFO Bruce Chung sold 20,000 shares of the stock in a transaction on Monday, January 13th. The stock was sold at an average price of $97.63, for a total transaction of $1,952,600.00. Following the transaction, the chief financial officer now owns 69,454 shares in the company, valued at $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 available at this hyperlink. Also, VP Robert J. Gaudette sold 60,000 shares of the 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 transaction, 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 disclosure for this sale can be found here. 0.61% of the stock is owned by company 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.