Arkadios Wealth Advisors Sells 5,095 Shares of NRG Energy, Inc. (NYSE:NRG)

Arkadios Wealth Advisors cut its position in shares of NRG Energy, Inc. (NYSE:NRG) by 49.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 5,270 shares of the utilities provider’s stock after selling 5,095 shares during the period. Arkadios Wealth Advisors’ holdings in NRG Energy were worth $410,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of NRG. LifeSteps Financial Inc. bought a new position in shares of NRG Energy during the 1st quarter valued at about $31,000. Mather Group LLC. bought a new position in NRG Energy during the 1st quarter worth approximately $33,000. First Horizon Advisors Inc. grew its position in NRG Energy by 76.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 442 shares of the utilities provider’s stock worth $34,000 after acquiring an additional 191 shares during the last quarter. Crewe Advisors LLC bought a new position in NRG Energy during the 1st quarter worth approximately $36,000. Finally, Spirit of America Management Corp NY bought a new position in NRG Energy during the 2nd quarter worth approximately $39,000. 97.72% of the stock is currently owned by institutional investors.

NRG Energy Stock Performance

NYSE:NRG traded up $1.40 during mid-day trading on Friday, hitting $84.02. 231,133 shares of the company traded hands, compared to its average volume of 3,458,762. The stock’s fifty day moving average price is $78.09 and its 200-day moving average price is $73.23. NRG Energy, Inc. has a one year low of $36.61 and a one year high of $87.58. The company has a quick ratio of 0.95, a current ratio of 1.01 and a debt-to-equity ratio of 3.61. The firm has a market cap of $17.52 billion, a price-to-earnings ratio of 11.70 and a beta of 1.08.

NRG Energy (NYSE:NRG) last announced its quarterly earnings data on Thursday, August 8th. The utilities provider reported $3.37 EPS for the quarter, beating the consensus estimate of $1.55 by $1.82. The business had revenue of $6.66 billion for the quarter, compared to the consensus estimate of $8.32 billion. NRG Energy had a return on equity of 42.60% and a net margin of 5.76%. The business’s revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.10 earnings per share. Research analysts anticipate that NRG Energy, Inc. will post 4.47 earnings per share for the current fiscal year.

NRG Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were given a dividend of $0.4075 per share. This represents a $1.63 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend was Thursday, August 1st. NRG Energy’s payout ratio is 23.09%.

Analyst Ratings Changes

A number of research firms have recently commented on NRG. BMO Capital Markets raised their target price on NRG Energy from $73.00 to $82.00 and gave the company a “market perform” rating in a research note on Wednesday, May 8th. StockNews.com upgraded NRG Energy from a “hold” rating to a “buy” rating in a research note on Sunday, August 25th. Morgan Stanley lifted their price objective on NRG Energy from $70.00 to $83.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 28th. Finally, Wells Fargo & Company boosted their price target on NRG Energy from $100.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 15th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, NRG Energy has a consensus rating of “Moderate Buy” and an average target price of $71.14.

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.