Callan Family Office LLC Purchases 4,724 Shares of NRG Energy, Inc. $NRG

Key Points

• The Callan Family Office LLC increased its stake in NRG Energy, Inc. by 62.2% in Q2, owning 12,320 shares valued at approximately $1,978,000.
• NRG Energy reported an earnings per share (EPS) of $1.68, missing analysts' expectations, while their quarterly revenue reached $6.74 billion, exceeding estimates.
• The company declared a quarterly dividend of $0.44 per share, resulting in an annualized yield of 1.1% and a payout ratio of 79.64%.

Callan Family Office LLC raised its position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 62.2% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,320 shares of the utilities provider's stock after purchasing an additional 4,724 shares during the quarter. Callan Family Office LLC's holdings in NRG Energy were worth $1,978,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in NRG. Toth Financial Advisory Corp bought a new stake in shares of NRG Energy in the second quarter worth approximately $27,000. Zions Bancorporation National Association UT purchased a new position in NRG Energy during the first quarter valued at approximately $28,000. Key Financial Inc purchased a new position in NRG Energy during the first quarter valued at approximately $30,000. Evermay Wealth Management LLC purchased a new position in NRG Energy during the first quarter valued at approximately $36,000. Finally, ORG Partners LLC lifted its holdings in NRG Energy by 422.2% during the second quarter. ORG Partners LLC now owns 282 shares of the utilities provider's stock valued at $44,000 after purchasing an additional 228 shares in the last quarter. 97.72% of the stock is currently owned by institutional investors.

NRG Energy Stock Down 4.5%

NRG stock opened at $160.66 on Friday. The firm has a 50 day moving average of $157.20 and a 200 day moving average of $143.34. The stock has a market capitalization of $31.08 billion, a PE ratio of 72.70, a price-to-earnings-growth ratio of 1.29 and a beta of 1.14. The company has a quick ratio of 0.88, a current ratio of 0.93 and a debt-to-equity ratio of 5.99. NRG Energy, Inc. has a 52 week low of $79.57 and a 52 week high of $175.96.

NRG Energy (NYSE:NRG - Get Free Report) last released its earnings results on Wednesday, August 6th. The utilities provider reported $1.68 EPS for the quarter, missing analysts' consensus estimates of $1.72 by ($0.04). The company had revenue of $6.74 billion during the quarter, compared to analyst estimates of $6.63 billion. NRG Energy had a return on equity of 88.22% and a net margin of 1.78%.The firm's revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the business earned $3.37 earnings per share. Sell-side analysts forecast that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were given a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, August 1st. This represents a $1.76 dividend on an annualized basis and a yield of 1.1%. NRG Energy's dividend payout ratio (DPR) is currently 79.64%.

Analysts Set New Price Targets

NRG has been the topic of several research analyst reports. Scotiabank started coverage on shares of NRG Energy in a report on Monday, September 22nd. They issued a "sector outperform" rating and a $212.00 target price on the stock. Melius initiated coverage on shares of NRG Energy in a research note on Wednesday, August 20th. They issued a "buy" rating and a $308.00 target price on the stock. Citigroup increased their target price on shares of NRG Energy from $133.00 to $185.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of NRG Energy in a research note on Wednesday. Finally, Wall Street Zen cut shares of NRG Energy from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $188.85.

Insider Transactions at NRG Energy

In other NRG Energy news, VP Dak Liyanearachchi sold 10,672 shares of the firm's stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $155.00, for a total transaction of $1,654,160.00. Following the completion of the transaction, the vice president directly owned 48,571 shares of the company's stock, valued at approximately $7,528,505. This trade represents a 18.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.86% of the company's stock.

NRG Energy 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.

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