Chapin Davis Inc. Invests $5.43 Million in NRG Energy, Inc. $NRG

Key Points

• Chapin Davis Inc. has acquired 33,781 shares in NRG Energy, valued at approximately $5.4 million, making it the company's 17th largest position.
• NRG Energy's recent quarterly earnings missed expectations with an EPS of $1.68 compared to the consensus estimate of $1.72, but the company reported a revenue increase of 1.2% year-over-year.
• The company has declared a quarterly dividend of $0.44 per share, yielding 1.1%, with a payout ratio of 79.64%.

Chapin Davis Inc. acquired a new stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 33,781 shares of the utilities provider's stock, valued at approximately $5,425,000. NRG Energy makes up about 1.5% of Chapin Davis Inc.'s holdings, making the stock its 17th largest holding.

Other large investors have also recently made changes to their positions in the company. Goldman Sachs Group Inc. boosted its stake in shares of NRG Energy by 468.4% in the first quarter. Goldman Sachs Group Inc. now owns 4,757,735 shares of the utilities provider's stock worth $454,173,000 after acquiring an additional 6,049,247 shares during the period. Amundi grew its holdings in shares of NRG Energy by 772.5% during the first quarter. Amundi now owns 4,378,022 shares of the utilities provider's stock worth $406,342,000 after buying an additional 3,876,235 shares during the last quarter. Boston Partners increased its stake in shares of NRG Energy by 169.5% during the 1st quarter. Boston Partners now owns 2,817,018 shares of the utilities provider's stock worth $269,230,000 after purchasing an additional 1,771,829 shares in the last quarter. Appaloosa LP lifted its holdings in shares of NRG Energy by 12.9% during the 1st quarter. Appaloosa LP now owns 2,050,000 shares of the utilities provider's stock valued at $195,693,000 after acquiring an additional 235,000 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its stake in shares of NRG Energy by 33.6% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,481,120 shares of the utilities provider's stock valued at $141,388,000 after purchasing an additional 372,618 shares in the last quarter. 97.72% of the stock is currently owned by institutional investors.

NRG Energy Trading Up 4.1%

Shares of NRG traded up $6.75 during trading hours on Monday, hitting $171.11. The stock had a trading volume of 2,579,903 shares, compared to its average volume of 2,121,923. The company's fifty day simple moving average is $154.84 and its 200 day simple moving average is $136.88. The company has a debt-to-equity ratio of 5.99, a quick ratio of 0.88 and a current ratio of 0.93. NRG Energy, Inc. has a 12-month low of $79.57 and a 12-month high of $175.96. The firm has a market cap of $33.10 billion, a P/E ratio of 77.43, a P/E/G ratio of 1.35 and a beta of 1.17.

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

NRG Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were paid a dividend of $0.44 per share. The ex-dividend date was Friday, August 1st. This represents a $1.76 annualized dividend and a dividend yield of 1.0%. NRG Energy's payout ratio is currently 79.64%.

Analyst Upgrades and Downgrades

A number of research firms have commented on NRG. Citigroup boosted their price target on shares of NRG Energy from $133.00 to $185.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. BMO Capital Markets boosted their target price on shares of NRG Energy from $167.00 to $185.00 and gave the company a "market perform" rating in a research report on Wednesday, August 6th. Barclays increased their price target on shares of NRG Energy from $197.00 to $203.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Melius initiated coverage on NRG Energy in a research report on Wednesday, August 20th. They set a "buy" rating and a $308.00 price objective for the company. Finally, Raymond James Financial initiated coverage on NRG Energy in a report on Friday, June 13th. They set a "strong-buy" rating and a $195.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, NRG Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $188.85.

Insider Transactions at NRG Energy

In other news, VP Dak Liyanearachchi sold 10,672 shares of the company'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 sale, the vice president owned 48,571 shares of the company's stock, valued at approximately $7,528,505. This represents a 18.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.61% of the stock is owned by corporate insiders.

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.