Community Bank of Raymore Has $5.13 Million Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

Key Points

• Community Bank of Raymore reduced its stake in NRG Energy by 5.4%, owning 53,730 shares valued at approximately $5.13 million, making it the bank's 5th largest holding.
• NRG Energy recently missed earnings expectations, reporting $1.68 earnings per share for the quarter, which was $0.04 below the consensus estimate.
• The company declared a quarterly dividend of $0.44 per share, representing an annualized dividend yield of 1.1%.

Community Bank of Raymore lowered its holdings in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 5.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 53,730 shares of the utilities provider's stock after selling 3,055 shares during the period. NRG Energy comprises 4.1% of Community Bank of Raymore's holdings, making the stock its 5th largest holding. Community Bank of Raymore's holdings in NRG Energy were worth $5,129,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of NRG. Brighton Jones LLC raised its stake in shares of NRG Energy by 41.8% during the fourth quarter. Brighton Jones LLC now owns 5,187 shares of the utilities provider's stock valued at $468,000 after acquiring an additional 1,528 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in NRG Energy by 25.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 207,815 shares of the utilities provider's stock worth $18,749,000 after buying an additional 42,570 shares during the last quarter. Cerity Partners LLC raised its stake in NRG Energy by 4.8% during the fourth quarter. Cerity Partners LLC now owns 27,677 shares of the utilities provider's stock worth $2,513,000 after buying an additional 1,279 shares during the last quarter. Sterling Capital Management LLC raised its stake in NRG Energy by 38.9% during the fourth quarter. Sterling Capital Management LLC now owns 8,644 shares of the utilities provider's stock worth $780,000 after buying an additional 2,422 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its stake in NRG Energy by 13.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 45,858 shares of the utilities provider's stock worth $4,133,000 after buying an additional 5,454 shares during the last quarter. Institutional investors own 97.72% of the company's stock.

Insider Activity

In related news, Director Kevin Howell sold 50,000 shares of NRG Energy stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $154.50, for a total value of $7,725,000.00. Following the sale, the director owned 55,427 shares of the company's stock, valued at approximately $8,563,471.50. The trade was a 47.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.61% of the stock is currently owned by insiders.

NRG Energy Stock Up 3.2%

NRG Energy stock opened at $156.87 on Wednesday. NRG Energy, Inc. has a fifty-two week low of $76.13 and a fifty-two week high of $175.96. The stock has a market cap of $30.34 billion, a PE ratio of 70.98, a price-to-earnings-growth ratio of 1.28 and a beta of 1.14. The firm's 50-day simple moving average is $155.52 and its 200 day simple moving average is $126.66. 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 (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 the consensus estimate of $1.72 by ($0.04). NRG Energy had a return on equity of 88.22% and a net margin of 1.78%. The firm had revenue of $6.74 billion for the quarter, compared to analysts' expectations of $6.63 billion. During the same quarter last year, the firm posted $3.37 earnings per share. The firm's revenue for the quarter was up 1.2% compared to the same quarter last year. Research analysts predict that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be paid a dividend of $0.44 per share. The ex-dividend date is Friday, August 1st. This represents a $1.76 annualized dividend and a dividend yield of 1.1%. NRG Energy's dividend payout ratio (DPR) is presently 79.64%.

Wall Street Analyst Weigh In

NRG has been the subject of a number of analyst reports. Wells Fargo & Company lifted their target price on shares of NRG Energy from $165.00 to $200.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 13th. BMO Capital Markets lifted their target price on shares of NRG Energy from $167.00 to $185.00 and gave the stock a "market perform" rating in a research note on Wednesday, August 6th. Guggenheim lifted their target price on shares of NRG Energy from $138.00 to $173.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. Citigroup raised their price target on shares of NRG Energy from $133.00 to $185.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Finally, Wall Street Zen cut shares of NRG Energy from a "buy" rating to a "hold" rating in a report on Saturday. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $162.70.

About NRG Energy

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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