CHB Investment Group LLC Purchases Shares of 25,453 NRG Energy, Inc. $NRG

Key Points

• CHB Investment Group LLC acquired 25,453 shares of NRG Energy, Inc. for approximately $4,087,000, making it their 5th largest holding, which constitutes 2.1% of their portfolio.
• The company reported a quarterly earnings per share (EPS) of $1.68, missing the consensus estimate of $1.72, despite a revenue increase to $6.74 billion.
• NRG Energy also announced a quarterly dividend of $0.44, with an annualized yield of 1.1%, reflecting a dividend payout ratio of 79.64%.

CHB Investment Group LLC acquired a new stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 25,453 shares of the utilities provider's stock, valued at approximately $4,087,000. NRG Energy makes up 2.1% of CHB Investment Group LLC's investment portfolio, making the stock its 5th largest holding.

A number of other institutional investors have also recently made changes to their positions in NRG. Toth Financial Advisory Corp purchased a new position in shares of NRG Energy during the second quarter valued at about $27,000. Zions Bancorporation National Association UT purchased a new position in shares of NRG Energy during the first quarter valued at about $28,000. Key Financial Inc purchased a new position in shares of NRG Energy during the first quarter valued at about $30,000. Evermay Wealth Management LLC purchased a new position in shares of NRG Energy during the first quarter valued at about $36,000. Finally, Park Square Financial Group LLC purchased a new position in shares of NRG Energy during the fourth quarter valued at about $53,000. Hedge funds and other institutional investors own 97.72% of the company's stock.

NRG Energy Stock Down 2.0%

Shares of NYSE NRG opened at $167.53 on Wednesday. The company has a debt-to-equity ratio of 5.99, a current ratio of 0.93 and a quick ratio of 0.88. The company has a market cap of $32.40 billion, a P/E ratio of 75.80, a PEG ratio of 1.40 and a beta of 1.17. NRG Energy, Inc. has a 1 year low of $79.57 and a 1 year high of $175.96. The firm has a 50-day simple moving average of $155.25 and a two-hundred day simple moving average of $137.09.

NRG Energy (NYSE:NRG - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The utilities provider reported $1.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.72 by ($0.04). The firm had revenue of $6.74 billion during the quarter, compared to the consensus estimate 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 period in the previous year, the business earned $3.37 EPS. Research analysts anticipate that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts have recently weighed in on NRG shares. Wall Street Zen lowered NRG Energy from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Barclays lifted their price target on NRG Energy from $197.00 to $203.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Raymond James Financial started coverage on NRG Energy in a research report on Friday, June 13th. They issued a "strong-buy" rating and a $195.00 price target for the company. Melius Research started coverage on NRG Energy in a research report on Wednesday, August 20th. They issued a "buy" rating and a $308.00 price target for the company. Finally, Melius started coverage on NRG Energy in a research report on Wednesday, August 20th. They issued a "buy" rating and a $308.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, NRG Energy has a consensus rating of "Moderate Buy" and an average 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 dated Wednesday, September 10th. The shares were sold at an average price of $155.00, for a total value 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 $7,528,505. This trade represents a 18.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.61% of the stock is currently owned by insiders.

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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