Stiles Financial Services Inc Sells 112 Shares of NRG Energy, Inc. (NYSE:NRG)

Stiles Financial Services Inc reduced its holdings in NRG Energy, Inc. (NYSE:NRG) by 2.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund 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.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rothschild Investment LLC bought a new position in NRG Energy in the second quarter valued at approximately $32,000. First Horizon Advisors Inc. increased its stake in shares of NRG Energy by 76.1% during 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 during the last quarter. Harbor Capital Advisors Inc. bought a new stake in shares of NRG Energy in the 3rd quarter valued at about $35,000. Crewe Advisors LLC acquired a new stake in NRG Energy in the 1st quarter valued at about $36,000. Finally, Innealta Capital LLC bought a new position in NRG Energy during the second quarter worth about $36,000. 97.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

NRG has been the subject of several research analyst reports. StockNews.com downgraded NRG Energy from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. BMO Capital Markets lifted their price objective on shares of NRG Energy from $90.00 to $94.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 29th. Wells Fargo & Company increased their price objective on shares of NRG Energy from $120.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Citigroup lifted their target price on shares of NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, Guggenheim increased their price target on shares of NRG Energy from $77.00 to $118.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, NRG Energy has an average rating of “Hold” and a consensus price target of $96.00.

NRG Energy Price Performance

Shares of NRG Energy stock opened at $100.94 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.18 and a debt-to-equity ratio of 3.51. The stock has a market capitalization of $20.83 billion, a price-to-earnings ratio of 10.50, a price-to-earnings-growth ratio of 1.30 and a beta of 1.10. The company has a 50-day simple moving average of $86.99 and a two-hundred day simple moving average of $81.50. NRG Energy, Inc. has a twelve month low of $44.90 and a twelve month high of $100.94.

NRG Energy (NYSE:NRG) last posted its quarterly earnings data on Thursday, August 8th. The utilities provider reported $3.37 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $1.82. The firm had revenue of $6.66 billion for 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%. 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 EPS. Analysts forecast that NRG Energy, Inc. will post 6.29 EPS for the current year.

NRG Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be paid a $0.4075 dividend. This represents a $1.63 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend is Friday, November 1st. NRG Energy’s dividend payout ratio (DPR) is presently 17.76%.

Insider Buying and Selling

In other NRG Energy news, insider Rasesh M. Patel sold 102,603 shares of the business’s stock in a transaction that occurred on 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 directly owns 163,680 shares in the company, valued at $13,151,688. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.86% of the stock is currently owned by company insiders.

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.