Choreo LLC Grows Stake in NRG Energy, Inc. (NYSE:NRG)

Key Points

• Choreo LLC increased its stake in NRG Energy, Inc. by 35.6%, now holding 8,302 shares worth approximately $793,000.
• Director Kevin Howell sold 50,000 shares of NRG Energy, decreasing his position by 47.43% and increasing his current holdings to 55,427 shares.
• NRG Energy announced a quarterly dividend of $0.44 per share, with an ex-dividend date on August 1st, representing an annual yield of 1.12%.

Choreo LLC raised its stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 35.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,302 shares of the utilities provider's stock after purchasing an additional 2,179 shares during the period. Choreo LLC's holdings in NRG Energy were worth $793,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Key Financial Inc bought a new stake in NRG Energy in the first quarter worth $30,000. Mizuho Bank Ltd. purchased a new stake in shares of NRG Energy in the fourth quarter valued at $41,000. CIBC Private Wealth Group LLC lifted its holdings in shares of NRG Energy by 64.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 521 shares of the utilities provider's stock worth $51,000 after acquiring an additional 205 shares during the last quarter. Park Square Financial Group LLC purchased a new position in shares of NRG Energy during the 4th quarter worth about $53,000. Finally, Huntington National Bank grew its holdings in NRG Energy by 28.3% during the 4th quarter. Huntington National Bank now owns 662 shares of the utilities provider's stock valued at $60,000 after purchasing an additional 146 shares during the last quarter. 97.72% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Kevin Howell sold 50,000 shares of NRG Energy stock in a transaction on Friday, May 30th. The stock was sold at an average price of $154.50, for a total value of $7,725,000.00. Following the transaction, the director directly owned 55,427 shares in the company, valued at approximately $8,563,471.50. This trade represents a 47.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.86% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on NRG. Wall Street Zen downgraded shares of NRG Energy from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Barclays set a $197.00 price target on NRG Energy and gave the stock an "overweight" rating in a research note on Thursday, June 26th. Guggenheim increased their target price on NRG Energy from $138.00 to $173.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. Citigroup reiterated a "buy" rating and set a $185.00 target price (up from $133.00) on shares of NRG Energy in a research report on Thursday, July 17th. Finally, Jefferies Financial Group upped their price target on shares of NRG Energy from $113.00 to $132.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, NRG Energy presently has an average rating of "Moderate Buy" and an average target price of $160.30.

NRG Energy Stock Performance

NRG stock opened at $156.58 on Friday. NRG Energy, Inc. has a 1-year low of $65.11 and a 1-year high of $168.57. The business has a 50-day moving average price of $154.71 and a 200 day moving average price of $122.00. The company has a market capitalization of $30.61 billion, a P/E ratio of 25.25, a PEG ratio of 1.30 and a beta of 1.13. The company has a debt-to-equity ratio of 4.61, a current ratio of 1.06 and a quick ratio of 1.02.

NRG Energy (NYSE:NRG - Get Free Report) last posted its earnings results on Monday, May 12th. The utilities provider reported $2.62 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $1.90. NRG Energy had a net margin of 4.66% and a return on equity of 73.78%. The business had revenue of $8.59 billion for the quarter, compared to the consensus estimate of $8.28 billion. During the same quarter last year, the firm posted $2.31 EPS. The company's revenue for the quarter was up 15.6% on a year-over-year basis. As a group, equities research analysts forecast that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be issued a dividend of $0.44 per share. The ex-dividend date is Friday, August 1st. This represents a $1.76 dividend on an annualized basis and a yield of 1.12%. NRG Energy's dividend payout ratio is currently 28.39%.

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.

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