Bartlett & CO. Wealth Management LLC Has $1.46 Million Stock Holdings in NRG Energy, Inc. $NRG

Bartlett & CO. Wealth Management LLC decreased its position in NRG Energy, Inc. (NYSE:NRG) by 5.2% in the 2nd quarter, HoldingsChannel reports. The fund owned 9,101 shares of the utilities provider’s stock after selling 500 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in NRG Energy were worth $1,461,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Donald L. Hagan LLC grew its stake in shares of NRG Energy by 2.0% during the second quarter. Donald L. Hagan LLC now owns 3,384 shares of the utilities provider’s stock valued at $543,000 after purchasing an additional 66 shares during the last quarter. Horizon Investments LLC lifted its holdings in NRG Energy by 3.0% during the 1st quarter. Horizon Investments LLC now owns 2,908 shares of the utilities provider’s stock worth $276,000 after buying an additional 86 shares in the last quarter. Mather Group LLC. boosted its position in NRG Energy by 12.1% in the 1st quarter. Mather Group LLC. now owns 900 shares of the utilities provider’s stock valued at $86,000 after buying an additional 97 shares during the last quarter. Cullen Frost Bankers Inc. increased its stake in shares of NRG Energy by 13.0% in the 1st quarter. Cullen Frost Bankers Inc. now owns 904 shares of the utilities provider’s stock valued at $86,000 after buying an additional 104 shares during the period. Finally, Private Trust Co. NA raised its position in shares of NRG Energy by 8.7% during the first quarter. Private Trust Co. NA now owns 1,482 shares of the utilities provider’s stock worth $141,000 after acquiring an additional 119 shares during the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.

NRG Energy Stock Up 0.1%

NRG Energy stock opened at $162.13 on Thursday. The firm has a market capitalization of $31.36 billion, a price-to-earnings ratio of 73.36, a PEG ratio of 1.32 and a beta of 1.14. The company’s 50 day simple moving average is $156.76 and its 200 day simple moving average is $139.84. The company has a debt-to-equity ratio of 5.99, a current ratio of 0.93 and a quick ratio of 0.88. NRG Energy, Inc. has a fifty-two week low of $79.57 and a fifty-two week high of $175.96.

NRG Energy (NYSE:NRG) last issued its earnings results on Wednesday, August 6th. The utilities provider reported $1.68 EPS for the quarter, missing the consensus estimate of $1.72 by ($0.04). The firm had revenue of $6.74 billion during the quarter, compared to the consensus estimate of $6.63 billion. NRG Energy had a net margin of 1.78% and a return on equity of 88.22%. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the company posted $3.37 EPS. As a group, sell-side analysts anticipate that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were issued a dividend of $0.44 per share. The ex-dividend date was Friday, August 1st. This represents a $1.76 annualized dividend and a yield of 1.1%. NRG Energy’s payout ratio is currently 79.64%.

Insider Transactions at NRG Energy

In other NRG Energy news, VP Dak Liyanearachchi sold 10,672 shares of the business’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $155.00, for a total value of $1,654,160.00. Following the completion of the transaction, the vice president directly owned 48,571 shares of the company’s stock, valued at approximately $7,528,505. The trade was a 18.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.86% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on NRG shares. Melius assumed coverage on NRG Energy in a report on Wednesday, August 20th. They issued a “buy” rating and a $308.00 price target on the stock. Barclays raised their target price on shares of NRG Energy from $197.00 to $203.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. Citigroup boosted their price target on shares of NRG Energy from $133.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, July 17th. Wall Street Zen cut shares of NRG Energy from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, Melius Research initiated coverage on shares of NRG Energy in a report on Wednesday, August 20th. They set a “buy” rating and a $308.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, NRG Energy has a consensus rating of “Moderate Buy” and an average price target of $188.85.

NRG Energy Company 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.