Atria Investments Inc Sells 4,420 Shares of NRG Energy, Inc. $NRG

Atria Investments Inc lessened its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 15.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 23,369 shares of the utilities provider’s stock after selling 4,420 shares during the period. Atria Investments Inc’s holdings in NRG Energy were worth $3,753,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Toth Financial Advisory Corp purchased a new position in NRG Energy during the second quarter valued at approximately $27,000. Zions Bancorporation National Association UT bought a new stake in shares of NRG Energy during the 1st quarter valued at $28,000. Bank of Jackson Hole Trust purchased a new position in shares of NRG Energy during the 2nd quarter valued at $28,000. Key Financial Inc bought a new position in NRG Energy in the 1st quarter worth $30,000. Finally, Evermay Wealth Management LLC purchased a new stake in NRG Energy in the 1st quarter worth $36,000. Institutional investors own 97.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. BMO Capital Markets upped their price objective on NRG Energy from $167.00 to $185.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 6th. Weiss Ratings reissued a “hold (c)” rating on shares of NRG Energy in a report on Wednesday, October 8th. Jefferies Financial Group reaffirmed a “buy” rating and set a $198.00 price objective on shares of NRG Energy in a report on Monday, October 20th. Morgan Stanley lowered their target price on shares of NRG Energy from $145.00 to $144.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 28th. Finally, Scotiabank initiated coverage on shares of NRG Energy in a research report on Monday, September 22nd. They set a “sector outperform” rating and a $212.00 target price for the company. Three research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, NRG Energy has a consensus rating of “Buy” and an average price target of $197.54.

NRG Energy Stock Performance

NRG Energy stock opened at $171.90 on Monday. The company’s 50-day moving average price is $161.86 and its 200-day moving average price is $151.99. The company has a quick ratio of 0.88, a current ratio of 0.93 and a debt-to-equity ratio of 5.99. The company has a market cap of $33.25 billion, a PE ratio of 77.78 and a beta of 1.14. NRG Energy, Inc. has a twelve month low of $79.57 and a twelve month high of $180.54.

NRG Energy (NYSE:NRG) last released its quarterly 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). NRG Energy had a return on equity of 88.22% and a net margin of 1.78%.The company had revenue of $6.74 billion during the quarter, compared to analysts’ expectations of $6.63 billion. During the same quarter in the prior year, the business posted $3.37 EPS. The company’s revenue was up 1.2% on a year-over-year basis. On average, equities research analysts forecast that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, November 3rd will be issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.0%. The ex-dividend date is Monday, November 3rd. NRG Energy’s dividend payout ratio is presently 79.64%.

Insider Buying and Selling

In other NRG Energy news, VP Dak Liyanearachchi sold 10,672 shares of NRG Energy stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $155.00, for a total transaction 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 $7,528,505. The trade was a 18.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.86% of the stock is owned by insiders.

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.