NRG Energy, Inc. $NRG Stake Trimmed by Community Bank of Raymore

Key Points

• Community Bank of Raymore reduced its stake in NRG Energy by 3.8%, holding 51,705 shares, worth approximately $8.3 million, making it the bank's second largest holding.
• NRG Energy's stock price opened at $169.22, with a market capitalization of $32.73 billion, and a debt-to-equity ratio of 5.99.
• In its latest earnings report, NRG Energy reported $1.68 earnings per share, missing estimates, but showed a 1.2% increase in revenue year-over-year, totaling $6.74 billion.

Community Bank of Raymore lowered its stake in NRG Energy, Inc. (NYSE:NRG - Free Report) by 3.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,705 shares of the utilities provider's stock after selling 2,025 shares during the quarter. NRG Energy makes up 6.1% of Community Bank of Raymore's investment portfolio, making the stock its 2nd largest holding. Community Bank of Raymore's holdings in NRG Energy were worth $8,303,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Cidel Asset Management Inc. purchased a new position in NRG Energy in the 2nd quarter worth about $256,000. International Assets Investment Management LLC purchased a new position in NRG Energy in the 2nd quarter worth about $203,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in NRG Energy in the 2nd quarter worth about $10,197,000. Foster & Motley Inc. increased its stake in NRG Energy by 36.2% in the 2nd quarter. Foster & Motley Inc. now owns 15,710 shares of the utilities provider's stock worth $2,523,000 after purchasing an additional 4,178 shares in the last quarter. Finally, BXM Wealth LLC purchased a new position in NRG Energy in the 2nd quarter worth about $245,000. Hedge funds and other institutional investors own 97.72% of the company's stock.

NRG Energy Stock Down 0.4%

Shares of NRG stock opened at $169.22 on Monday. The stock's 50 day simple moving average is $158.08 and its 200 day simple moving average is $146.19. 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 twelve month low of $79.57 and a twelve month high of $175.96. The company has a market capitalization of $32.73 billion, a price-to-earnings ratio of 76.57 and a beta of 1.14.

NRG Energy (NYSE:NRG - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $6.74 billion during the quarter, compared to the consensus estimate of $6.63 billion. During the same period in the previous year, the business posted $3.37 earnings per share. The firm's revenue was up 1.2% on a year-over-year basis. As a group, research analysts predict that NRG Energy, Inc. will post 6.36 EPS for the current year.

Insider Buying and Selling at NRG Energy

In related news, VP Dak Liyanearachchi sold 10,672 shares of the firm's stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $155.00, for a total value of $1,654,160.00. Following 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.61% of the company's stock.

Analyst Upgrades and Downgrades

NRG has been the subject of a number of research reports. Melius Research 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. Wall Street Zen lowered NRG Energy from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. BMO Capital Markets raised their price objective on NRG Energy from $167.00 to $185.00 and gave the stock a "market perform" rating in a research report on Wednesday, August 6th. Barclays raised their price objective on NRG Energy from $197.00 to $203.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of NRG Energy in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $188.85.

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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