NRG Energy, Inc. (NYSE:NRG) Shares Purchased by Atlas Capital Advisors LLC

Atlas Capital Advisors LLC lifted its holdings in NRG Energy, Inc. (NYSE:NRG) by 209.6% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,938 shares of the utilities provider’s stock after purchasing an additional 1,312 shares during the period. Atlas Capital Advisors LLC’s holdings in NRG Energy were worth $131,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Kingswood Wealth Advisors LLC grew its holdings in shares of NRG Energy by 0.8% in the first quarter. Kingswood Wealth Advisors LLC now owns 23,267 shares of the utilities provider’s stock valued at $1,575,000 after purchasing an additional 174 shares in the last quarter. Czech National Bank grew its holdings in NRG Energy by 0.5% during the 1st quarter. Czech National Bank now owns 39,723 shares of the utilities provider’s stock worth $2,689,000 after acquiring an additional 181 shares in the last quarter. Savant Capital LLC grew its holdings in NRG Energy by 1.7% during the 4th quarter. Savant Capital LLC now owns 12,749 shares of the utilities provider’s stock worth $659,000 after acquiring an additional 212 shares in the last quarter. Blue Trust Inc. grew its holdings in NRG Energy by 35.4% during the 4th quarter. Blue Trust Inc. now owns 865 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 226 shares in the last quarter. Finally, Signaturefd LLC grew its holdings in NRG Energy by 6.9% during the 4th quarter. Signaturefd LLC now owns 4,174 shares of the utilities provider’s stock worth $216,000 after acquiring an additional 271 shares in the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.

Wall Street Analyst Weigh In

NRG has been the subject of several analyst reports. Evercore ISI boosted their price target on shares of NRG Energy from $55.00 to $65.00 and gave the stock an “in-line” rating in a report on Monday, March 18th. Citigroup upped their target price on shares of NRG Energy from $52.00 to $62.00 and gave the company a “buy” rating in a report on Friday, March 1st. StockNews.com upgraded shares of NRG Energy from a “sell” rating to a “hold” rating in a report on Wednesday, March 6th. Wells Fargo & Company increased their price objective on shares of NRG Energy from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, May 15th. Finally, BMO Capital Markets increased their price objective on shares of NRG Energy from $73.00 to $82.00 and gave the company a “market perform” rating in a research note on Wednesday, May 8th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $68.00.

Insider Activity at NRG Energy

In related news, insider Rasesh M. Patel sold 24,546 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $83.41, for a total value of $2,047,381.86. Following the transaction, the insider now owns 266,064 shares in the company, valued at $22,192,398.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.86% of the stock is currently owned by insiders.

NRG Energy Price Performance

NRG Energy stock opened at $79.56 on Thursday. The stock has a market capitalization of $16.59 billion, a P/E ratio of 11.27 and a beta of 1.07. NRG Energy, Inc. has a 12-month low of $35.63 and a 12-month high of $87.58. The company has a debt-to-equity ratio of 3.61, a current ratio of 1.01 and a quick ratio of 0.95. The firm’s 50-day moving average is $78.93 and its two-hundred day moving average is $64.90.

NRG Energy (NYSE:NRG) last announced its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.12). NRG Energy had a return on equity of 42.60% and a net margin of 5.76%. The company had revenue of $7.43 billion for the quarter. Equities analysts predict that NRG Energy, Inc. will post 4.5 earnings per share for the current year.

NRG Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st were issued a $0.4075 dividend. The ex-dividend date was Tuesday, April 30th. This represents a $1.63 annualized dividend and a yield of 2.05%. NRG Energy’s payout ratio is 23.09%.

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.