Pinkerton Retirement Specialists LLC Boosts Stake in NRG Energy, Inc. (NYSE:NRG)

Pinkerton Retirement Specialists LLC lifted its stake in NRG Energy, Inc. (NYSE:NRG) by 201.2% during the second quarter, HoldingsChannel.com reports. The firm owned 10,606 shares of the utilities provider’s stock after purchasing an additional 7,085 shares during the quarter. Pinkerton Retirement Specialists LLC’s holdings in NRG Energy were worth $826,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on NRG shares. Morgan Stanley upped their price objective on NRG Energy from $70.00 to $83.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 28th. StockNews.com cut NRG Energy from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Finally, Wells Fargo & Company upped their price objective on NRG Energy from $110.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, September 5th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $72.57.

NRG Energy Trading Down 0.3 %

Shares of NRG stock opened at $79.80 on Friday. NRG Energy, Inc. has a 52-week low of $36.61 and a 52-week high of $87.58. The company has a debt-to-equity ratio of 3.51, a quick ratio of 1.11 and a current ratio of 1.18. The firm has a market capitalization of $16.47 billion, a PE ratio of 11.30 and a beta of 1.10. The stock has a fifty day simple moving average of $78.19 and a two-hundred day simple moving average of $75.18.

NRG Energy (NYSE:NRG) last released 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. NRG Energy had a net margin of 7.19% and a return on equity of 43.69%. The business had revenue of $6.66 billion during the quarter, compared to the consensus estimate of $8.32 billion. During the same quarter in the prior year, the firm earned $1.10 EPS. The business’s revenue was up 4.9% on a year-over-year basis. On average, analysts predict that NRG Energy, Inc. will post 4.45 EPS for the current fiscal year.

NRG Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were issued a dividend of $0.4075 per share. This represents a $1.63 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend was Thursday, August 1st. NRG Energy’s dividend payout ratio (DPR) is presently 23.09%.

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.