Community Bank of Raymore Cuts Position in NRG Energy, Inc. $NRG

Community Bank of Raymore lowered its holdings in NRG Energy, Inc. (NYSE:NRG) by 11.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,000 shares of the utilities provider’s stock after selling 5,705 shares during the period. NRG Energy comprises about 5.2% of Community Bank of Raymore’s portfolio, making the stock its 4th largest holding. Community Bank of Raymore’s holdings in NRG Energy were worth $7,450,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NRG. Brighton Jones LLC grew its holdings in shares of NRG Energy by 41.8% in the 4th quarter. Brighton Jones LLC now owns 5,187 shares of the utilities provider’s stock valued at $468,000 after acquiring an additional 1,528 shares in the last quarter. Cresset Asset Management LLC grew its stake in NRG Energy by 15.3% in the first quarter. Cresset Asset Management LLC now owns 5,751 shares of the utilities provider’s stock valued at $549,000 after purchasing an additional 764 shares in the last quarter. Wellington Management Group LLP increased its position in shares of NRG Energy by 17.4% during the 1st quarter. Wellington Management Group LLP now owns 283,773 shares of the utilities provider’s stock worth $27,089,000 after purchasing an additional 41,987 shares during the last quarter. CW Advisors LLC increased its position in shares of NRG Energy by 16.4% during the 1st quarter. CW Advisors LLC now owns 4,525 shares of the utilities provider’s stock worth $434,000 after purchasing an additional 637 shares during the last quarter. Finally, Norinchukin Bank The raised its stake in shares of NRG Energy by 16.2% during the 1st quarter. Norinchukin Bank The now owns 11,234 shares of the utilities provider’s stock worth $1,072,000 after purchasing an additional 1,569 shares in the last quarter. 97.72% of the stock is owned by institutional investors.

NRG Energy Stock Performance

Shares of NRG stock opened at $156.12 on Monday. The company has a market capitalization of $29.92 billion, a price-to-earnings ratio of 23.34 and a beta of 1.26. The company has a debt-to-equity ratio of 8.45, a quick ratio of 0.99 and a current ratio of 1.05. The company has a 50-day simple moving average of $166.38 and a 200 day simple moving average of $159.78. NRG Energy, Inc. has a 52 week low of $79.57 and a 52 week high of $180.54.

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

NRG Energy Dividend Announcement

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

NRG Energy announced that its board has initiated a share buyback plan on Thursday, November 6th that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the utilities provider to buy up to 9.2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NRG. Wells Fargo & Company raised shares of NRG Energy to a “strong-buy” rating in a research note on Tuesday, October 28th. Weiss Ratings reissued a “buy (b)” rating on shares of NRG Energy in a research report on Monday, December 15th. Zacks Research cut shares of NRG Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 13th. Jefferies Financial Group reiterated a “buy” rating and issued a $198.00 target price on shares of NRG Energy in a research note on Monday, October 20th. Finally, Morgan Stanley reissued an “underperform” rating on shares of NRG Energy in a research report on Thursday, November 20th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $199.21.

Insiders Place Their Bets

In other news, VP Virginia Kinney sold 20,000 shares of NRG Energy stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.86% of the stock is owned by insiders.

NRG Energy 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.