EverSource Wealth Advisors LLC Acquires 1,859 Shares of NRG Energy, Inc. (NYSE:NRG)

EverSource Wealth Advisors LLC grew its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 553.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,195 shares of the utilities provider’s stock after buying an additional 1,859 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in NRG Energy were worth $165,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Trust Direct Indexing L.P. boosted its stake in NRG Energy by 2.8% during the 1st quarter. First Trust Direct Indexing L.P. now owns 5,813 shares of the utilities provider’s stock valued at $393,000 after purchasing an additional 161 shares during the last quarter. Kingswood Wealth Advisors LLC boosted its position in shares of NRG Energy by 0.8% during the first quarter. Kingswood Wealth Advisors LLC now owns 23,267 shares of the utilities provider’s stock valued at $1,575,000 after buying an additional 174 shares during the last quarter. Czech National Bank grew its holdings in NRG Energy by 0.5% during the first quarter. Czech National Bank now owns 39,723 shares of the utilities provider’s stock worth $2,689,000 after buying an additional 181 shares in the last quarter. First Horizon Advisors Inc. raised its position in NRG Energy by 76.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 442 shares of the utilities provider’s stock valued at $34,000 after buying an additional 191 shares during the last quarter. Finally, Fifth Third Bancorp lifted its stake in NRG Energy by 1.2% during 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.

Analyst Ratings Changes

Several research firms have recently issued reports on NRG. Wells Fargo & Company upped their target price on shares of NRG Energy from $110.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, September 5th. Jefferies Financial Group initiated coverage on shares of NRG Energy in a research report on Friday, September 13th. They set a “hold” rating and a $82.00 target price on the stock. Finally, StockNews.com downgraded NRG Energy from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $73.75.

Insider Activity at NRG Energy

In other NRG Energy news, insider Rasesh M. Patel sold 102,603 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $80.35, for a total transaction of $8,244,151.05. Following the completion of the transaction, the insider now owns 163,680 shares in the company, valued at $13,151,688. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.86% of the stock is currently owned by company insiders.

NRG Energy Stock Up 1.5 %

NRG Energy stock opened at $89.24 on Thursday. The firm has a 50 day moving average price of $79.41 and a 200-day moving average price of $77.00. The company has a quick ratio of 1.11, a current ratio of 1.18 and a debt-to-equity ratio of 3.51. NRG Energy, Inc. has a twelve month low of $36.61 and a twelve month high of $90.57. The company has a market capitalization of $18.42 billion, a P/E ratio of 12.64 and a beta of 1.10.

NRG Energy (NYSE:NRG) last announced its quarterly earnings data on Thursday, August 8th. The utilities provider reported $3.37 earnings per share for the quarter, beating the consensus estimate of $1.55 by $1.82. The business had revenue of $6.66 billion during the quarter, compared to analyst estimates of $8.32 billion. NRG Energy had a return on equity of 43.69% and a net margin of 7.19%. NRG Energy’s revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.10 earnings per share. As a group, equities analysts predict that NRG Energy, Inc. will post 5.51 EPS for the current year.

NRG Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were issued a $0.4075 dividend. This represents a $1.63 annualized dividend and a yield of 1.83%. The ex-dividend date was Thursday, August 1st. NRG Energy’s dividend payout ratio (DPR) is currently 23.09%.

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.