Corton Capital Inc. Invests $279,000 in NRG Energy, Inc. (NYSE:NRG)

Corton Capital Inc. bought a new position in NRG Energy, Inc. (NYSE:NRG - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,093 shares of the utilities provider's stock, valued at approximately $279,000.

A number of other large investors have also recently added to or reduced their stakes in NRG. Cetera Investment Advisers lifted its position in shares of NRG Energy by 22.8% in the fourth quarter. Cetera Investment Advisers now owns 71,302 shares of the utilities provider's stock worth $6,433,000 after purchasing an additional 13,217 shares in the last quarter. Bridgefront Capital LLC increased its stake in NRG Energy by 32.5% in the 4th quarter. Bridgefront Capital LLC now owns 5,855 shares of the utilities provider's stock valued at $528,000 after buying an additional 1,435 shares during the last quarter. Caxton Associates LP lifted its position in NRG Energy by 1,189.8% during the 4th quarter. Caxton Associates LP now owns 61,768 shares of the utilities provider's stock worth $5,573,000 after buying an additional 56,979 shares in the last quarter. Balyasny Asset Management L.P. boosted its stake in shares of NRG Energy by 1,631.5% during the 4th quarter. Balyasny Asset Management L.P. now owns 113,829 shares of the utilities provider's stock worth $10,270,000 after buying an additional 107,255 shares during the last quarter. Finally, Baird Financial Group Inc. grew its holdings in shares of NRG Energy by 1.3% in the 4th quarter. Baird Financial Group Inc. now owns 39,758 shares of the utilities provider's stock valued at $3,587,000 after acquiring an additional 506 shares in the last quarter. Institutional investors own 97.72% of the company's stock.

NRG Energy Stock Performance

NRG traded down $1.09 on Friday, reaching $119.25. The company had a trading volume of 3,027,998 shares, compared to its average volume of 2,967,015. The stock has a market cap of $24.29 billion, a P/E ratio of 29.96, a P/E/G ratio of 1.01 and a beta of 1.00. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17. NRG Energy, Inc. has a fifty-two week low of $65.11 and a fifty-two week high of $121.44. The company's fifty day moving average is $99.45 and its 200 day moving average is $98.69.

NRG Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid a dividend of $0.44 per share. The ex-dividend date is Thursday, May 1st. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.48%. NRG Energy's dividend payout ratio (DPR) is currently 35.92%.

Analyst Ratings Changes

NRG has been the subject of several recent research reports. Wells Fargo & Company increased their price target on NRG Energy from $140.00 to $165.00 and gave the company an "overweight" rating in a research report on Thursday, February 27th. Morgan Stanley increased their price objective on NRG Energy from $86.00 to $99.00 and gave the company an "equal weight" rating in a report on Wednesday, February 19th. Guggenheim boosted their target price on shares of NRG Energy from $134.00 to $145.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Evercore ISI raised shares of NRG Energy from an "in-line" rating to an "outperform" rating and upped their price target for the stock from $74.00 to $126.00 in a research report on Tuesday, January 21st. Finally, StockNews.com downgraded shares of NRG Energy from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $126.38.

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.