Chevy Chase Trust Holdings LLC Has $20.88 Million Holdings in NRG Energy, Inc. $NRG

Chevy Chase Trust Holdings LLC trimmed its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 15.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,929 shares of the utilities provider’s stock after selling 23,203 shares during the period. Chevy Chase Trust Holdings LLC owned 0.07% of NRG Energy worth $20,880,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of NRG. Reaves W H & Co. Inc. raised its holdings in shares of NRG Energy by 122.8% in the third quarter. Reaves W H & Co. Inc. now owns 295,471 shares of the utilities provider’s stock valued at $47,852,000 after buying an additional 162,874 shares during the last quarter. MidWestOne Financial Group Inc. grew its holdings in NRG Energy by 58.1% during the 3rd quarter. MidWestOne Financial Group Inc. now owns 19,992 shares of the utilities provider’s stock worth $3,238,000 after acquiring an additional 7,344 shares during the last quarter. Schroder Investment Management Group increased its position in NRG Energy by 7.6% in the 3rd quarter. Schroder Investment Management Group now owns 1,225,329 shares of the utilities provider’s stock valued at $198,442,000 after acquiring an additional 86,528 shares in the last quarter. Border to Coast Pensions Partnership Ltd bought a new position in shares of NRG Energy in the third quarter worth about $27,003,000. Finally, Korea Investment CORP raised its stake in shares of NRG Energy by 13.4% in the third quarter. Korea Investment CORP now owns 277,027 shares of the utilities provider’s stock worth $44,865,000 after acquiring an additional 32,672 shares during the last quarter. Institutional investors own 97.72% of the company’s stock.

NRG Energy Trading Down 0.1%

Shares of NYSE NRG opened at $152.66 on Tuesday. NRG Energy, Inc. has a fifty-two week low of $79.57 and a fifty-two week high of $189.96. The firm has a market capitalization of $32.70 billion, a P/E ratio of 38.75 and a beta of 1.26. The company has a debt-to-equity ratio of 15.92, a current ratio of 1.64 and a quick ratio of 1.58. The company’s 50 day simple moving average is $158.83 and its 200 day simple moving average is $161.89.

NRG Energy (NYSE:NRG) last released its earnings results on Tuesday, February 24th. The utilities provider reported $1.04 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.15). The business had revenue of $7.75 billion for the quarter, compared to analyst estimates of $6.68 billion. NRG Energy had a return on equity of 109.48% and a net margin of 2.81%.NRG Energy’s revenue was up 13.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.56 EPS. On average, analysts predict that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 2nd were paid a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 1.2%. This is a boost from NRG Energy’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Monday, February 2nd. NRG Energy’s payout ratio is presently 48.22%.

Wall Street Analysts Forecast Growth

NRG has been the topic of several research analyst reports. UBS Group initiated coverage on shares of NRG Energy in a research note on Tuesday, December 9th. They set a “buy” rating and a $211.00 price target on the stock. Jefferies Financial Group reduced their price objective on NRG Energy from $198.00 to $181.00 and set a “buy” rating on the stock in a report on Tuesday, January 27th. Morgan Stanley set a $153.00 price objective on NRG Energy in a research report on Tuesday, February 17th. Raymond James Financial reissued a “strong-buy” rating and issued a $225.00 target price on shares of NRG Energy in a research note on Monday, February 23rd. Finally, Zacks Research raised NRG Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $196.33.

Insider Activity at NRG Energy

In other NRG Energy news, VP Brian Curci sold 46,976 shares of the stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $158.84, for a total value of $7,461,667.84. Following the transaction, the vice president owned 46,113 shares of the company’s stock, valued at approximately $7,324,588.92. This represents a 50.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Robert J. Gaudette sold 45,000 shares of the firm’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $158.76, for a total value of $7,144,200.00. Following the transaction, the vice president owned 63,920 shares in the company, valued at approximately $10,147,939.20. This trade represents a 41.31% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 172,556 shares of company stock worth $27,550,446. 0.61% of the stock is owned by insiders.

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.