B. Riley Wealth Advisors Inc. Has $912,000 Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

B. Riley Wealth Advisors Inc. lessened its holdings in NRG Energy, Inc. (NYSE:NRG - Free Report) by 19.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,112 shares of the utilities provider's stock after selling 2,455 shares during the period. B. Riley Wealth Advisors Inc.'s holdings in NRG Energy were worth $912,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Schechter Investment Advisors LLC lifted its stake in shares of NRG Energy by 0.8% in the 4th quarter. Schechter Investment Advisors LLC now owns 15,916 shares of the utilities provider's stock valued at $1,436,000 after purchasing an additional 120 shares during the last quarter. Mather Group LLC. lifted its stake in shares of NRG Energy by 18.4% in the 4th quarter. Mather Group LLC. now owns 803 shares of the utilities provider's stock valued at $72,000 after purchasing an additional 125 shares during the last quarter. Avestar Capital LLC lifted its stake in shares of NRG Energy by 4.7% in the 4th quarter. Avestar Capital LLC now owns 3,046 shares of the utilities provider's stock valued at $275,000 after purchasing an additional 138 shares during the last quarter. Independent Advisor Alliance lifted its stake in shares of NRG Energy by 5.9% in the 4th quarter. Independent Advisor Alliance now owns 2,619 shares of the utilities provider's stock valued at $236,000 after purchasing an additional 146 shares during the last quarter. Finally, Huntington National Bank lifted its stake in shares of NRG Energy by 28.3% in the 4th quarter. Huntington National Bank now owns 662 shares of the utilities provider's stock valued at $60,000 after purchasing an additional 146 shares during the last quarter. Institutional investors and hedge funds own 97.72% of the company's stock.

NRG Energy Stock Performance

Shares of NRG traded up $2.60 during trading hours on Monday, reaching $158.50. 3,745,044 shares of the company traded hands, compared to its average volume of 3,015,823. The stock's fifty day moving average is $119.08 and its 200 day moving average is $106.14. The stock has a market cap of $30.99 billion, a P/E ratio of 39.82, a price-to-earnings-growth ratio of 1.01 and a beta of 1.00. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17. NRG Energy, Inc. has a 1-year low of $65.11 and a 1-year high of $161.78.

NRG Energy (NYSE:NRG - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The utilities provider reported $2.62 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $1.90. The business had revenue of $8.59 billion during the quarter, compared to analyst estimates of $8.28 billion. NRG Energy had a net margin of 3.43% and a return on equity of 48.96%. The firm's revenue for the quarter was up 15.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.31 earnings per share. Equities research analysts anticipate that NRG Energy, Inc. will post 6.36 earnings per share for the current fiscal year.

NRG Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were paid a dividend of $0.44 per share. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $1.76 dividend on an annualized basis and a yield of 1.11%. NRG Energy's dividend payout ratio is currently 28.39%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on NRG shares. Jefferies Financial Group lifted their price objective on shares of NRG Energy from $113.00 to $132.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Guggenheim boosted their target price on shares of NRG Energy from $138.00 to $173.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Morgan Stanley boosted their target price on shares of NRG Energy from $86.00 to $99.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 19th. The Goldman Sachs Group assumed coverage on shares of NRG Energy in a research report on Friday, April 4th. They set a "buy" rating and a $129.00 target price for the company. Finally, Wall Street Zen lowered shares of NRG Energy from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $140.75.

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.