Atlas Capital Advisors LLC Has $131,000 Stake in NRG Energy, Inc. (NYSE:NRG)

Atlas Capital Advisors LLC grew its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 209.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,938 shares of the utilities provider’s stock after acquiring an additional 1,312 shares during the quarter. Atlas Capital Advisors LLC’s holdings in NRG Energy were worth $131,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of NRG. Headlands Technologies LLC bought a new stake in shares of NRG Energy during the fourth quarter worth about $118,000. Raymond James & Associates grew its holdings in shares of NRG Energy by 81.1% during the fourth quarter. Raymond James & Associates now owns 305,917 shares of the utilities provider’s stock worth $15,816,000 after purchasing an additional 136,968 shares during the last quarter. Friedenthal Financial bought a new stake in NRG Energy in the fourth quarter valued at approximately $743,000. Wellington Management Group LLP boosted its holdings in NRG Energy by 486.2% in the third quarter. Wellington Management Group LLP now owns 900,526 shares of the utilities provider’s stock valued at $34,688,000 after acquiring an additional 746,899 shares during the last quarter. Finally, Gotham Asset Management LLC boosted its holdings in NRG Energy by 93.1% in the fourth quarter. Gotham Asset Management LLC now owns 357,618 shares of the utilities provider’s stock valued at $18,489,000 after acquiring an additional 172,400 shares during the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on NRG shares. Citigroup upped their target price on NRG Energy from $52.00 to $62.00 and gave the company a “buy” rating in a report on Friday, March 1st. BMO Capital Markets upped their target price on NRG Energy from $73.00 to $82.00 and gave the company a “market perform” rating in a report on Wednesday, May 8th. Evercore ISI upped their target price on NRG Energy from $55.00 to $65.00 and gave the company an “in-line” rating in a report on Monday, March 18th. StockNews.com upgraded NRG Energy from a “sell” rating to a “hold” rating in a report on Wednesday, March 6th. Finally, Wells Fargo & Company boosted their price target on NRG Energy from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, May 15th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $68.00.

Insider Transactions at NRG Energy

In other news, insider Rasesh M. Patel sold 24,546 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $83.41, for a total transaction of $2,047,381.86. Following the transaction, the insider now directly owns 266,064 shares of the company’s stock, valued at $22,192,398.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.86% of the stock is owned by insiders.

NRG Energy Price Performance

Shares of NRG opened at $79.56 on Thursday. The company has a debt-to-equity ratio of 3.61, a quick ratio of 0.95 and a current ratio of 1.01. NRG Energy, Inc. has a 52-week low of $35.63 and a 52-week high of $87.58. The business’s 50 day moving average price is $78.93 and its two-hundred day moving average price is $64.90. The firm has a market cap of $16.59 billion, a PE ratio of 11.27 and a beta of 1.07.

NRG Energy (NYSE:NRG) last issued its earnings results on Tuesday, May 7th. The utilities provider reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.12). NRG Energy had a return on equity of 42.60% and a net margin of 5.76%. The firm had revenue of $7.43 billion for the quarter. On average, equities analysts anticipate that NRG Energy, Inc. will post 4.5 EPS for the current year.

NRG Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st were given a dividend of $0.4075 per share. This represents a $1.63 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date was Tuesday, April 30th. NRG Energy’s payout ratio is 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.