NRG Energy, Inc. $NRG Stock Holdings Lowered by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. reduced its holdings in NRG Energy, Inc. (NYSE:NRG) by 6.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,657 shares of the utilities provider’s stock after selling 179 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in NRG Energy were worth $427,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. BXM Wealth LLC bought a new stake in shares of NRG Energy in the 2nd quarter worth approximately $245,000. Private Trust Co. NA raised its holdings in shares of NRG Energy by 85.0% in the 2nd quarter. Private Trust Co. NA now owns 2,742 shares of the utilities provider’s stock worth $440,000 after purchasing an additional 1,260 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of NRG Energy by 2.7% in the 2nd quarter. Nordea Investment Management AB now owns 10,736 shares of the utilities provider’s stock worth $1,733,000 after purchasing an additional 279 shares in the last quarter. New York State Teachers Retirement System raised its holdings in shares of NRG Energy by 5.6% in the 2nd quarter. New York State Teachers Retirement System now owns 210,922 shares of the utilities provider’s stock worth $33,870,000 after purchasing an additional 11,173 shares in the last quarter. Finally, Mutual Advisors LLC bought a new stake in shares of NRG Energy in the 2nd quarter worth approximately $369,000. 97.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on NRG. Zacks Research upgraded shares of NRG Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. Citigroup upped their price target on shares of NRG Energy from $133.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, July 17th. BMO Capital Markets upped their price target on shares of NRG Energy from $167.00 to $185.00 and gave the company a “market perform” rating in a research report on Wednesday, August 6th. Jefferies Financial Group restated a “buy” rating and issued a $198.00 price target on shares of NRG Energy in a research report on Monday. Finally, Scotiabank assumed coverage on shares of NRG Energy in a research report on Monday, September 22nd. They issued a “sector outperform” rating and a $212.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $197.46.

NRG Energy Stock Up 1.9%

NRG Energy stock opened at $163.40 on Friday. The firm has a market cap of $31.61 billion, a PE ratio of 73.94 and a beta of 1.14. The company has a debt-to-equity ratio of 5.99, a quick ratio of 0.88 and a current ratio of 0.93. The firm’s 50 day moving average price is $158.80 and its two-hundred day moving average price is $147.51. NRG Energy, Inc. has a twelve month low of $79.57 and a twelve month high of $175.96.

NRG Energy (NYSE:NRG) last released its quarterly earnings data on Wednesday, August 6th. The utilities provider reported $1.68 earnings per share for the quarter, missing the consensus estimate of $1.72 by ($0.04). The company had revenue of $6.74 billion during the quarter, compared to analyst estimates of $6.63 billion. NRG Energy had a net margin of 1.78% and a return on equity of 88.22%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.37 EPS. On average, research analysts predict that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, November 3rd will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.1%. The ex-dividend date is Monday, November 3rd. NRG Energy’s dividend payout ratio is currently 79.64%.

Insiders Place Their Bets

In other NRG Energy news, VP Dak Liyanearachchi sold 10,672 shares of the company’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $155.00, for a total value of $1,654,160.00. Following the transaction, the vice president owned 48,571 shares in the company, valued at approximately $7,528,505. This represents a 18.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.86% of the company’s stock.

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.