NRG Energy, Inc. $NRG Shares Sold by Chapin Davis Inc.

Chapin Davis Inc. lessened its stake in NRG Energy, Inc. (NYSE:NRG) by 90.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 3,366 shares of the utilities provider’s stock after selling 30,415 shares during the quarter. Chapin Davis Inc.’s holdings in NRG Energy were worth $545,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Toth Financial Advisory Corp purchased a new position in NRG Energy in the second quarter worth approximately $27,000. Bank of Jackson Hole Trust acquired a new stake in shares of NRG Energy in the 2nd quarter valued at $28,000. Fourth Dimension Wealth LLC purchased a new stake in shares of NRG Energy during the 2nd quarter worth $32,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of NRG Energy during the second quarter worth $35,000. Finally, Kiker Wealth Management LLC purchased a new position in NRG Energy in the second quarter valued at $37,000. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

NRG Energy Trading Up 3.4%

NRG opened at $154.62 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.05 and a debt-to-equity ratio of 8.45. NRG Energy, Inc. has a 52 week low of $79.57 and a 52 week high of $180.54. The business’s 50 day moving average is $166.47 and its two-hundred day moving average is $159.79. The firm has a market cap of $29.63 billion, a price-to-earnings ratio of 23.11 and a beta of 1.26.

NRG Energy (NYSE:NRG) last announced its earnings results on Thursday, November 6th. The utilities provider reported $2.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.93 by $0.85. NRG Energy had a net margin of 4.84% and a return on equity of 103.57%. The business had revenue of $7.64 billion for the quarter, compared to analyst estimates of $7.53 billion. During the same period last year, the firm posted $1.90 earnings per share. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, research analysts predict that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy announced that its board has approved a stock buyback program on Thursday, November 6th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the utilities provider to reacquire up to 9.2% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

NRG Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 3rd were paid a $0.44 dividend. The ex-dividend date was Monday, November 3rd. This represents a $1.76 dividend on an annualized basis and a yield of 1.1%. NRG Energy’s payout ratio is currently 26.31%.

Insider Activity at NRG Energy

In other NRG Energy news, VP Virginia Kinney sold 20,000 shares of the stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $163.82, for a total transaction of $3,276,400.00. Following the completion of the sale, the vice president directly owned 43,191 shares of the company’s stock, valued at approximately $7,075,549.62. This trade represents a 31.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Jefferies Financial Group reaffirmed a “buy” rating and set a $198.00 price target on shares of NRG Energy in a report on Monday, October 20th. UBS Group assumed coverage on NRG Energy in a research note on Tuesday, December 9th. They set a “buy” rating and a $211.00 target price for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NRG Energy in a report on Monday. Scotiabank started coverage on shares of NRG Energy in a report on Monday, September 22nd. They set a “sector outperform” rating and a $212.00 price objective on the stock. Finally, Zacks Research cut shares of NRG Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 13th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $199.21.

About NRG Energy

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.