NRG Energy, Inc. $NRG Shares Sold by Atria Wealth Solutions Inc.

Key Points

• Atria Wealth Solutions Inc. significantly reduced its holdings in NRG Energy by 56.3%, selling over 11,000 shares and ending with approximately $1.49 million in NRG stock.
• NRG Energy reported a quarterly EPS of $1.68, falling short of analyst expectations, but generated revenues of $6.74 billion, exceeding estimates.
• The company declared a quarterly dividend of $0.44 per share, with a current annualized dividend yield of 1.0%.

Atria Wealth Solutions Inc. trimmed its position in NRG Energy, Inc. (NYSE:NRG - Free Report) by 56.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,272 shares of the utilities provider's stock after selling 11,948 shares during the period. Atria Wealth Solutions Inc.'s holdings in NRG Energy were worth $1,488,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Donald L. Hagan LLC raised its position in shares of NRG Energy by 2.0% during the 2nd quarter. Donald L. Hagan LLC now owns 3,384 shares of the utilities provider's stock valued at $543,000 after buying an additional 66 shares during the period. Horizon Investments LLC raised its position in shares of NRG Energy by 3.0% during the 1st quarter. Horizon Investments LLC now owns 2,908 shares of the utilities provider's stock valued at $276,000 after buying an additional 86 shares during the period. Mather Group LLC. raised its position in shares of NRG Energy by 12.1% during the 1st quarter. Mather Group LLC. now owns 900 shares of the utilities provider's stock valued at $86,000 after buying an additional 97 shares during the period. Cullen Frost Bankers Inc. raised its position in shares of NRG Energy by 13.0% during the 1st quarter. Cullen Frost Bankers Inc. now owns 904 shares of the utilities provider's stock valued at $86,000 after buying an additional 104 shares during the period. Finally, Private Trust Co. NA raised its position in shares of NRG Energy by 8.7% during the 1st quarter. Private Trust Co. NA now owns 1,482 shares of the utilities provider's stock valued at $141,000 after buying an additional 119 shares during the period. 97.72% of the stock is currently owned by institutional investors and hedge funds.

NRG Energy Stock Performance

NYSE:NRG opened at $169.72 on Friday. The company has a fifty day simple moving average of $157.75 and a two-hundred day simple moving average of $145.04. The company has a market cap of $32.83 billion, a price-to-earnings ratio of 76.80, a price-to-earnings-growth ratio of 1.37 and a beta of 1.14. The company has a quick ratio of 0.88, a current ratio of 0.93 and a debt-to-equity ratio of 5.99. NRG Energy, Inc. has a 52 week low of $79.57 and a 52 week high of $175.96.

NRG Energy (NYSE:NRG - Get Free Report) last posted 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). The business had revenue of $6.74 billion during the quarter, compared to analyst estimates of $6.63 billion. NRG Energy had a return on equity of 88.22% and a net margin of 1.78%.The business's revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the firm earned $3.37 EPS. As a group, equities analysts anticipate that NRG Energy, Inc. will post 6.36 earnings per share for the current fiscal year.

NRG Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were paid a dividend of $0.44 per share. The ex-dividend date was Friday, August 1st. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.0%. NRG Energy's payout ratio is presently 79.64%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on NRG shares. BMO Capital Markets lifted their target price on shares of NRG Energy from $167.00 to $185.00 and gave the company a "market perform" rating in a report on Wednesday, August 6th. Melius started coverage on shares of NRG Energy in a report on Wednesday, August 20th. They issued a "buy" rating and a $308.00 target price for the company. Weiss Ratings reiterated a "hold (c)" rating on shares of NRG Energy in a report on Wednesday, October 8th. Citigroup lifted their target price on shares of NRG Energy from $133.00 to $185.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Finally, Barclays lifted their target price on shares of NRG Energy from $197.00 to $203.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $188.85.

Insider Activity at NRG Energy

In related news, VP Dak Liyanearachchi sold 10,672 shares of the business's 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 owned 48,571 shares in the company, valued at approximately $7,528,505. The trade was a 18.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.86% of the company's stock.

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.

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