Atlatl Advisers LLC Takes $1.08 Million Position in NRG Energy, Inc. $NRG

Atlatl Advisers LLC purchased a new stake in shares of NRG Energy, Inc. (NYSE:NRG) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 6,729 shares of the utilities provider’s stock, valued at approximately $1,081,000.

A number of other large investors have also recently modified their holdings of the business. VestGen Investment Management boosted its position in shares of NRG Energy by 85.8% during the 2nd quarter. VestGen Investment Management now owns 9,726 shares of the utilities provider’s stock valued at $1,562,000 after acquiring an additional 4,492 shares during the last quarter. Anthracite Investment Company Inc. boosted its position in shares of NRG Energy by 37.3% during the 2nd quarter. Anthracite Investment Company Inc. now owns 41,200 shares of the utilities provider’s stock valued at $6,616,000 after acquiring an additional 11,200 shares during the last quarter. Linden Thomas Advisory Services LLC bought a new stake in shares of NRG Energy during the 2nd quarter valued at about $5,441,000. Leavell Investment Management Inc. boosted its position in shares of NRG Energy by 9.2% during the 2nd quarter. Leavell Investment Management Inc. now owns 4,754 shares of the utilities provider’s stock valued at $763,000 after acquiring an additional 400 shares during the last quarter. Finally, Fielder Capital Group LLC bought a new stake in shares of NRG Energy during the 2nd quarter valued at about $294,000. Institutional investors own 97.72% of the company’s stock.

NRG Energy Price Performance

Shares of NRG Energy stock opened at $170.12 on Friday. The company has a debt-to-equity ratio of 5.99, a current ratio of 0.93 and a quick ratio of 0.88. The business’s 50 day simple moving average is $159.24 and its two-hundred day simple moving average is $148.53. The stock has a market capitalization of $32.91 billion, a P/E ratio of 76.98 and a beta of 1.14. NRG Energy, Inc. has a one year low of $79.57 and a one year high of $175.96.

NRG Energy (NYSE:NRG) last announced its quarterly earnings results on Wednesday, August 6th. The utilities provider reported $1.68 EPS 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 analysts’ expectations of $6.63 billion. NRG Energy had a return on equity of 88.22% and a net margin of 1.78%.NRG Energy’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the firm earned $3.37 earnings per share. Analysts forecast that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, November 3rd will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Monday, November 3rd. NRG Energy’s payout ratio is 79.64%.

Insider Buying and Selling

In other 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.86% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Morgan Stanley set a $145.00 target price on NRG Energy and gave the stock an “outperform” rating in a research report on Wednesday. Wall Street Zen downgraded NRG Energy from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Barclays boosted their target price on NRG Energy from $197.00 to $203.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Weiss Ratings restated a “hold (c)” rating on shares of NRG Energy in a research report on Saturday. Finally, Zacks Research upgraded NRG Energy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $197.46.

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.