Stiles Financial Services Inc Has $478,000 Stake in NRG Energy, Inc. (NYSE:NRG)

Stiles Financial Services Inc lessened its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 2.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,253 shares of the utilities provider’s stock after selling 112 shares during the period. Stiles Financial Services Inc’s holdings in NRG Energy were worth $478,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of NRG. Rothschild Investment LLC acquired a new position in shares of NRG Energy during the second quarter valued at about $32,000. First Horizon Advisors Inc. lifted its holdings in shares of NRG Energy by 76.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 442 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 191 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in NRG Energy in the 3rd quarter valued at $35,000. Crewe Advisors LLC bought a new stake in NRG Energy during the 1st quarter valued at $36,000. Finally, Innealta Capital LLC acquired a new position in NRG Energy during the second quarter worth $36,000. 97.72% of the stock is owned by institutional investors.

Insider Transactions at NRG Energy

In related news, insider Rasesh M. Patel sold 102,603 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $80.35, for a total transaction of $8,244,151.05. Following the sale, the insider now directly owns 163,680 shares in the company, valued at approximately $13,151,688. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.86% of the company’s stock.

NRG Energy Trading Up 4.7 %

Shares of NRG opened at $100.94 on Friday. NRG Energy, Inc. has a fifty-two week low of $44.90 and a fifty-two week high of $100.94. The business has a 50-day moving average of $86.99 and a 200 day moving average of $81.50. The firm has a market cap of $20.83 billion, a P/E ratio of 10.50, a price-to-earnings-growth ratio of 1.30 and a beta of 1.10. The company has a debt-to-equity ratio of 3.51, a quick ratio of 1.11 and a current ratio of 1.18.

NRG Energy (NYSE:NRG) last posted its earnings results on Thursday, August 8th. The utilities provider reported $3.37 earnings per share for the quarter, topping the consensus estimate of $1.55 by $1.82. The firm had revenue of $6.66 billion during the quarter, compared to the consensus estimate of $8.32 billion. NRG Energy had a net margin of 7.19% and a return on equity of 43.69%. The company’s revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the company earned $1.10 earnings per share. As a group, research analysts forecast that NRG Energy, Inc. will post 6.29 EPS for the current year.

NRG Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a dividend of $0.4075 per share. The ex-dividend date is Friday, November 1st. This represents a $1.63 annualized dividend and a dividend yield of 1.61%. NRG Energy’s dividend payout ratio is currently 17.76%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on NRG shares. StockNews.com cut shares of NRG Energy from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Wells Fargo & Company lifted their price target on NRG Energy from $120.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Citigroup raised their target price on NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Guggenheim lifted their target price on NRG Energy from $77.00 to $118.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Finally, Jefferies Financial Group began coverage on NRG Energy in a research note on Friday, September 13th. They set a “hold” rating and a $82.00 price objective on the stock. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, NRG Energy presently has a consensus rating of “Hold” and an average target price of $96.00.

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.