Accel Wealth Management Has $543,000 Stock Position in NRG Energy, Inc. $NRG

Accel Wealth Management trimmed its position in NRG Energy, Inc. (NYSE:NRG) by 2.8% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 3,384 shares of the utilities provider’s stock after selling 99 shares during the period. Accel Wealth Management’s holdings in NRG Energy were worth $543,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GW&K Investment Management LLC boosted its holdings in shares of NRG Energy by 23.8% in the first quarter. GW&K Investment Management LLC now owns 672 shares of the utilities provider’s stock worth $64,000 after buying an additional 129 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of NRG Energy by 99.2% in the first quarter. Envestnet Asset Management Inc. now owns 413,911 shares of the utilities provider’s stock worth $39,512,000 after purchasing an additional 206,096 shares in the last quarter. Exchange Traded Concepts LLC lifted its position in shares of NRG Energy by 54.4% in the first quarter. Exchange Traded Concepts LLC now owns 6,215 shares of the utilities provider’s stock worth $593,000 after purchasing an additional 2,190 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of NRG Energy by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 23,728 shares of the utilities provider’s stock worth $2,265,000 after purchasing an additional 630 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in shares of NRG Energy by 28.4% in the first quarter. Janney Montgomery Scott LLC now owns 16,815 shares of the utilities provider’s stock worth $1,605,000 after purchasing an additional 3,721 shares in the last quarter. 97.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Citigroup increased their price target on shares of NRG Energy from $133.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, July 17th. Barclays increased their price target on shares of NRG Energy from $197.00 to $203.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Wall Street Zen lowered shares of NRG Energy from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Weiss Ratings reissued a “hold (c)” rating on shares of NRG Energy in a research report on Saturday, September 27th. Finally, Melius Research began coverage on shares of NRG Energy in a research note on Wednesday, August 20th. They issued a “buy” rating and a $308.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, NRG Energy presently has a consensus rating of “Moderate Buy” and an average target price of $188.85.

NRG Energy Price Performance

NYSE NRG opened at $166.56 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.93 and a debt-to-equity ratio of 5.99. The stock has a market capitalization of $32.22 billion, a PE ratio of 75.37, a price-to-earnings-growth ratio of 1.35 and a beta of 1.14. The company has a 50 day moving average price of $157.14 and a two-hundred day moving average price of $141.12. NRG Energy, Inc. has a 12-month low of $79.57 and a 12-month high of $175.96.

NRG Energy (NYSE:NRG) last issued its quarterly earnings data on Wednesday, August 6th. The utilities provider reported $1.68 earnings per share for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.04). NRG Energy had a return on equity of 88.22% and a net margin of 1.78%.The firm had revenue of $6.74 billion during the quarter, compared to analyst estimates of $6.63 billion. During the same quarter in the previous year, the firm posted $3.37 earnings per share. NRG Energy’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, equities analysts predict that NRG Energy, Inc. will post 6.36 earnings per share for the current fiscal year.

NRG Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, August 1st. NRG Energy’s dividend payout ratio is presently 79.64%.

Insider Transactions at NRG Energy

In other NRG Energy news, VP Dak Liyanearachchi sold 10,672 shares of the business’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $155.00, for a total value of $1,654,160.00. Following the sale, the vice president owned 48,571 shares of the company’s stock, valued at $7,528,505. The trade was a 18.01% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.86% of the stock is 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.