Atlas Capital Advisors LLC Buys 5,853 Shares of NRG Energy, Inc. (NYSE:NRG)

Atlas Capital Advisors LLC grew its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 302.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,791 shares of the utilities provider’s stock after acquiring an additional 5,853 shares during the quarter. Atlas Capital Advisors LLC’s holdings in NRG Energy were worth $607,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. First Trust Direct Indexing L.P. increased its holdings in shares of NRG Energy by 2.8% during the first quarter. First Trust Direct Indexing L.P. now owns 5,813 shares of the utilities provider’s stock valued at $393,000 after acquiring an additional 161 shares in the last quarter. Kingswood Wealth Advisors LLC increased its holdings in shares of NRG Energy by 0.8% during the first quarter. Kingswood Wealth Advisors LLC now owns 23,267 shares of the utilities provider’s stock valued at $1,575,000 after acquiring an additional 174 shares in the last quarter. Czech National Bank boosted its position in shares of NRG Energy by 0.5% during the first quarter. Czech National Bank now owns 39,723 shares of the utilities provider’s stock valued at $2,689,000 after buying an additional 181 shares during the last quarter. First Horizon Advisors Inc. increased its holdings in NRG Energy by 76.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 442 shares of the utilities provider’s stock worth $34,000 after buying an additional 191 shares in the last quarter. Finally, Fifth Third Bancorp increased its holdings in NRG Energy by 1.2% in the 2nd quarter. Fifth Third Bancorp now owns 16,962 shares of the utilities provider’s stock worth $1,321,000 after buying an additional 198 shares in the last quarter. 97.72% of the stock is currently owned by institutional investors.

NRG Energy Trading Up 2.9 %

Shares of NYSE:NRG opened at $85.01 on Friday. The stock has a 50 day moving average of $78.19 and a 200 day moving average of $73.46. The company has a market cap of $17.72 billion, a PE ratio of 12.04 and a beta of 1.08. The company has a current ratio of 1.01, a quick ratio of 0.95 and a debt-to-equity ratio of 3.61. NRG Energy, Inc. has a 12-month low of $36.61 and a 12-month high of $87.58.

NRG Energy (NYSE:NRG) last announced its quarterly earnings data on Thursday, August 8th. The utilities provider reported $3.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $1.82. The company had revenue of $6.66 billion during 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 firm’s revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.10 EPS. As a group, equities research analysts expect that NRG Energy, Inc. will post 4.47 EPS for the current year.

NRG Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were issued a $0.4075 dividend. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $1.63 dividend on an annualized basis and a yield of 1.92%. NRG Energy’s dividend payout ratio is presently 23.09%.

Wall Street Analysts Forecast Growth

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

About NRG Energy

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.