Chapin Davis Inc. Has $4.13 Million Holdings in NRG Energy, Inc. (NYSE:NRG)

Chapin Davis Inc. boosted its stake in NRG Energy, Inc. (NYSE:NRG) by 2.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,370 shares of the utilities provider’s stock after buying an additional 987 shares during the quarter. NRG Energy makes up about 1.3% of Chapin Davis Inc.’s investment portfolio, making the stock its 16th largest position. Chapin Davis Inc.’s holdings in NRG Energy were worth $4,133,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of NRG. Park Avenue Securities LLC grew its holdings in shares of NRG Energy by 2.8% in the 3rd quarter. Park Avenue Securities LLC now owns 4,910 shares of the utilities provider’s stock worth $447,000 after purchasing an additional 134 shares during the last quarter. First Trust Direct Indexing L.P. grew its stake in NRG Energy by 2.8% during the first quarter. First Trust Direct Indexing L.P. now owns 5,813 shares of the utilities provider’s stock worth $393,000 after buying an additional 161 shares during the last quarter. Kingswood Wealth Advisors LLC increased its holdings in shares of NRG Energy by 0.8% during the first quarter. Kingswood Wealth Advisors LLC now owns 23,267 shares of the utilities provider’s stock worth $1,575,000 after buying an additional 174 shares in the last quarter. Czech National Bank raised its stake in shares of NRG Energy by 0.5% in the first quarter. Czech National Bank now owns 39,723 shares of the utilities provider’s stock valued at $2,689,000 after acquiring an additional 181 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in shares of NRG Energy by 76.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 442 shares of the utilities provider’s stock worth $34,000 after acquiring an additional 191 shares in the last quarter. 97.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NRG Energy

In related news, insider Rasesh M. Patel sold 102,603 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $80.35, for a total value of $8,244,151.05. Following the sale, the insider now directly owns 163,680 shares in the company, valued at $13,151,688. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.86% of the company’s stock.

NRG Energy Stock Down 1.1 %

Shares of NYSE NRG opened at $94.29 on Tuesday. NRG Energy, Inc. has a 1 year low of $38.99 and a 1 year high of $96.40. The firm’s 50-day moving average is $82.31 and its 200-day moving average is $78.69. The company has a current ratio of 1.18, a quick ratio of 1.11 and a debt-to-equity ratio of 3.51. The firm has a market capitalization of $19.66 billion, a PE ratio of 13.36 and a beta of 1.10.

NRG Energy (NYSE:NRG) last released its earnings results on Thursday, August 8th. The utilities provider reported $3.37 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $1.82. NRG Energy had a net margin of 7.19% and a return on equity of 43.69%. The firm had revenue of $6.66 billion during the quarter, compared to analyst estimates of $8.32 billion. During the same quarter in the previous year, the business earned $1.10 EPS. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. Equities analysts expect that NRG Energy, Inc. will post 5.51 EPS for the current year.

NRG Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were issued a dividend of $0.4075 per share. This represents a $1.63 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date was Thursday, August 1st. NRG Energy’s dividend payout ratio (DPR) is currently 23.09%.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Wells Fargo & Company lifted their price objective on NRG Energy from $110.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, September 5th. StockNews.com cut NRG Energy from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. BMO Capital Markets increased their price objective on shares of NRG Energy from $88.00 to $90.00 and gave the stock a “market perform” rating in a report on Monday, September 30th. Finally, Jefferies Financial Group assumed coverage on shares of NRG Energy in a research report on Friday, September 13th. They set a “hold” rating and a $82.00 target price on the stock. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $74.75.

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.