Stiles Financial Services Inc Has $387,000 Stock Holdings in NRG Energy, Inc. $NRG

Key Points

• Stiles Financial Services Inc decreased its stake in NRG Energy by 43.3%, now holding 2,411 shares valued at approximately $387,000.
• NRG Energy reported $1.68 earnings per share for the last quarter, missing analysts' consensus estimates by $0.04, while revenue increased by 1.2% year-over-year.
• The company announced a quarterly dividend of $0.44 per share, resulting in an annualized dividend of $1.76 and a dividend yield of 1.0%.

Stiles Financial Services Inc lowered its stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 43.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,411 shares of the utilities provider's stock after selling 1,844 shares during the period. Stiles Financial Services Inc's holdings in NRG Energy were worth $387,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GW&K Investment Management LLC boosted its holdings in NRG Energy by 23.8% during the first quarter. GW&K Investment Management LLC now owns 672 shares of the utilities provider's stock worth $64,000 after buying an additional 129 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in NRG Energy by 99.2% during the first quarter. Envestnet Asset Management Inc. now owns 413,911 shares of the utilities provider's stock worth $39,512,000 after buying an additional 206,096 shares during the last quarter. Exchange Traded Concepts LLC raised its position in shares of NRG Energy by 54.4% during the first quarter. Exchange Traded Concepts LLC now owns 6,215 shares of the utilities provider's stock worth $593,000 after purchasing an additional 2,190 shares during the period. State of Alaska Department of Revenue lifted its holdings in shares of NRG Energy by 2.7% during the 1st quarter. State of Alaska Department of Revenue now owns 23,728 shares of the utilities provider's stock valued at $2,265,000 after purchasing an additional 630 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of NRG Energy by 28.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 16,815 shares of the utilities provider's stock valued at $1,605,000 after purchasing an additional 3,721 shares in the last quarter. Institutional investors own 97.72% of the company's stock.

NRG Energy Stock Up 0.4%

NRG stock opened at $168.11 on Friday. 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 business has a 50 day moving average price of $157.35 and a two-hundred day moving average price of $142.62. The company has a market cap of $32.52 billion, a price-to-earnings ratio of 76.07, a P/E/G ratio of 1.35 and a beta of 1.14. NRG Energy, Inc. has a twelve month low of $79.57 and a twelve month 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 earnings per share for the quarter, missing analysts' consensus estimates of $1.72 by ($0.04). The company had revenue of $6.74 billion during the quarter, compared to the consensus estimate of $6.63 billion. NRG Energy had a net margin of 1.78% and a return on equity of 88.22%. The firm's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.37 earnings per share. Analysts anticipate that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts recently issued reports on NRG shares. Wall Street Zen lowered NRG Energy from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Weiss Ratings reissued a "hold (c)" rating on shares of NRG Energy in a research report on Wednesday. Melius started coverage on NRG Energy in a research report on Wednesday, August 20th. They issued a "buy" rating and a $308.00 target price on the stock. Scotiabank started coverage on NRG Energy in a research report on Monday, September 22nd. They issued a "sector outperform" rating and a $212.00 target price on the stock. Finally, BMO Capital Markets lifted their target price on NRG Energy from $167.00 to $185.00 and gave the company a "market perform" rating in a research report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $188.85.

Insider Buying and Selling at NRG Energy

In related news, VP Dak Liyanearachchi sold 10,672 shares of the business's stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $155.00, for a total transaction of $1,654,160.00. Following the transaction, the vice president directly owned 48,571 shares of the company's stock, valued at approximately $7,528,505. The trade was a 18.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.86% of the company's stock.

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.

Want to see what other hedge funds are holding NRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NRG Energy, Inc. (NYSE:NRG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.