NRG Energy, Inc. $NRG Shares Sold by Community Bank of Raymore

Community Bank of Raymore lessened its position in NRG Energy, Inc. (NYSE:NRG) by 11.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,000 shares of the utilities provider’s stock after selling 5,705 shares during the quarter. NRG Energy comprises about 5.2% of Community Bank of Raymore’s investment portfolio, making the stock its 4th biggest position. Community Bank of Raymore’s holdings in NRG Energy were worth $7,450,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in NRG. Daymark Wealth Partners LLC grew its holdings in NRG Energy by 2.2% in the 2nd quarter. Daymark Wealth Partners LLC now owns 2,944 shares of the utilities provider’s stock valued at $473,000 after buying an additional 64 shares during the last quarter. Donald L. Hagan LLC raised its stake in NRG Energy by 2.0% during the 2nd quarter. Donald L. Hagan LLC now owns 3,384 shares of the utilities provider’s stock valued at $543,000 after purchasing an additional 66 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in NRG Energy by 6.2% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,437 shares of the utilities provider’s stock valued at $231,000 after purchasing an additional 84 shares during the period. Zions Bancorporation National Association UT increased its holdings in shares of NRG Energy by 32.1% during the 2nd quarter. Zions Bancorporation National Association UT now owns 383 shares of the utilities provider’s stock worth $62,000 after purchasing an additional 93 shares during the period. Finally, Venture Visionary Partners LLC lifted its stake in shares of NRG Energy by 2.2% in the third quarter. Venture Visionary Partners LLC now owns 4,725 shares of the utilities provider’s stock valued at $765,000 after buying an additional 102 shares during the period. 97.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NRG has been the topic of several recent research reports. UBS Group assumed coverage on NRG Energy in a report on Tuesday, December 9th. They set a “buy” rating and a $211.00 price objective on the stock. Jefferies Financial Group reiterated a “buy” rating and set a $198.00 target price on shares of NRG Energy in a research report on Monday, October 20th. Scotiabank began coverage on shares of NRG Energy in a research note on Monday, September 22nd. They set a “sector outperform” rating and a $212.00 price target for the company. Morgan Stanley reissued an “underperform” rating on shares of NRG Energy in a report on Thursday, November 20th. Finally, Wells Fargo & Company upgraded NRG Energy to a “strong-buy” rating in a research report on Tuesday, October 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $199.21.

Insider Buying and Selling

In related news, VP Virginia Kinney sold 20,000 shares of the company’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $163.82, for a total value of $3,276,400.00. Following the completion of the transaction, the vice president directly owned 43,191 shares of the company’s stock, valued at approximately $7,075,549.62. This represents a 31.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.86% of the company’s stock.

NRG Energy Trading Up 1.0%

Shares of NRG opened at $156.12 on Monday. The stock’s fifty day simple moving average is $166.38 and its 200-day simple moving average is $159.78. The firm has a market capitalization of $29.92 billion, a PE ratio of 23.34 and a beta of 1.26. NRG Energy, Inc. has a 12-month low of $79.57 and a 12-month high of $180.54. 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 (NYSE:NRG) last announced its quarterly earnings data on Thursday, November 6th. The utilities provider reported $2.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $0.85. The firm had revenue of $7.64 billion for the quarter, compared to analysts’ expectations of $7.53 billion. NRG Energy had a net margin of 4.84% and a return on equity of 103.57%. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period last year, the firm earned $1.90 earnings per share. As a group, research analysts predict that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 3rd were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Monday, November 3rd. NRG Energy’s dividend payout ratio (DPR) is presently 26.31%.

NRG Energy declared that its board has authorized a share repurchase program on Thursday, November 6th that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the utilities provider to buy up to 9.2% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

NRG Energy Company Profile

NRG Energy (NYSE: NRG) is a U.S.-based integrated power company headquartered in Houston, Texas. The company develops, owns and operates a diversified portfolio of power generation assets and participates in wholesale and retail energy markets. NRG supplies electricity to utilities, commercial and industrial customers, and retail consumers, while also providing energy-related products and services designed to manage consumption and support reliability.

NRG’s generation mix includes conventional thermal plants as well as renewable and distributed energy resources.