44,383 Shares in NRG Energy, Inc. (NYSE:NRG) Acquired by Chapin Davis Inc.

Chapin Davis Inc. purchased a new position in NRG Energy, Inc. (NYSE:NRG) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 44,383 shares of the utilities provider’s stock, valued at approximately $3,456,000. NRG Energy accounts for about 1.2% of Chapin Davis Inc.’s portfolio, making the stock its 17th largest position.

Several other institutional investors and hedge funds have also modified their holdings of NRG. LifeSteps Financial Inc. purchased a new stake in shares of NRG Energy in the first quarter worth $31,000. Mather Group LLC. bought a new stake in NRG Energy during the first quarter valued at about $33,000. Crewe Advisors LLC bought a new position in shares of NRG Energy in the first quarter worth about $36,000. Central Pacific Bank Trust Division purchased a new stake in shares of NRG Energy during the first quarter worth about $45,000. Finally, Robeco Institutional Asset Management B.V. bought a new stake in NRG Energy during the 4th quarter valued at approximately $51,000. Hedge funds and other institutional investors own 97.72% of the company’s stock.

NRG Energy Trading Up 0.0 %

NRG Energy stock traded up $0.03 during midday trading on Friday, reaching $82.78. The stock had a trading volume of 2,529,103 shares, compared to its average volume of 3,539,781. The company has a quick ratio of 0.95, a current ratio of 1.01 and a debt-to-equity ratio of 3.61. The firm has a market cap of $17.26 billion, a price-to-earnings ratio of 11.73 and a beta of 1.08. NRG Energy, Inc. has a 52-week low of $36.30 and a 52-week high of $87.58. The company has a fifty day moving average of $77.61 and a 200 day moving average of $71.66.

NRG Energy (NYSE:NRG) last announced its quarterly earnings data on Thursday, August 8th. The utilities provider reported $3.37 EPS for the quarter, beating the consensus estimate of $1.55 by $1.82. The company had revenue of $6.66 billion for the quarter, compared to the consensus estimate of $8.32 billion. NRG Energy had a return on equity of 42.60% and a net margin of 5.76%. NRG Energy’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.10 EPS. On average, analysts anticipate that NRG Energy, Inc. will post 4.47 earnings per share for the current fiscal year.

NRG Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were given a dividend of $0.4075 per share. This represents a $1.63 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend was Thursday, August 1st. NRG Energy’s dividend payout ratio (DPR) is presently 23.09%.

Analysts Set New Price Targets

NRG has been the subject of a number of research reports. BMO Capital Markets upped their target price on shares of NRG Energy from $73.00 to $82.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 8th. Morgan Stanley raised their price objective on NRG Energy from $70.00 to $83.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 28th. StockNews.com lowered NRG Energy from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Wells Fargo & Company lifted their price objective on NRG Energy from $100.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 15th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $71.14.

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.