Checchi Capital Advisers LLC Has $471,000 Holdings in NRG Energy, Inc. $NRG

Checchi Capital Advisers LLC trimmed its stake in NRG Energy, Inc. (NYSE:NRG) by 18.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 2,934 shares of the utilities provider’s stock after selling 685 shares during the period. Checchi Capital Advisers LLC’s holdings in NRG Energy were worth $471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. GW&K Investment Management LLC grew its position in NRG Energy by 23.8% during the first quarter. GW&K Investment Management LLC now owns 672 shares of the utilities provider’s stock worth $64,000 after buying an additional 129 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of NRG Energy by 99.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 413,911 shares of the utilities provider’s stock worth $39,512,000 after acquiring an additional 206,096 shares during the period. Exchange Traded Concepts LLC grew its holdings in shares of NRG Energy by 54.4% during the 1st quarter. Exchange Traded Concepts LLC now owns 6,215 shares of the utilities provider’s stock worth $593,000 after purchasing an additional 2,190 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of NRG Energy by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 23,728 shares of the utilities provider’s stock valued at $2,265,000 after purchasing an additional 630 shares during the period. Finally, Janney Montgomery Scott LLC raised its stake in shares of NRG Energy by 28.4% in the first quarter. Janney Montgomery Scott LLC now owns 16,815 shares of the utilities provider’s stock valued at $1,605,000 after purchasing an additional 3,721 shares in the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.

NRG Energy Price Performance

NYSE:NRG opened at $163.98 on Tuesday. The company has a quick ratio of 0.88, a current ratio of 0.93 and a debt-to-equity ratio of 5.99. The firm has a market cap of $31.72 billion, a PE ratio of 74.20, a price-to-earnings-growth ratio of 1.35 and a beta of 1.14. NRG Energy, Inc. has a 12 month low of $79.57 and a 12 month high of $175.96. The company’s 50-day moving average price is $157.25 and its two-hundred day moving average price is $141.85.

NRG Energy (NYSE:NRG) last posted its quarterly earnings data 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). The firm had revenue of $6.74 billion for the quarter, compared to analyst estimates of $6.63 billion. NRG Energy had a return on equity of 88.22% and a net margin of 1.78%.The business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the business posted $3.37 EPS. On average, equities analysts anticipate that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 1.1%. NRG Energy’s payout ratio is currently 79.64%.

Analyst Ratings Changes

NRG has been the topic of a number of recent research reports. BMO Capital Markets lifted their price target 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. Melius initiated coverage on shares of NRG Energy in a research report on Wednesday, August 20th. They set a “buy” rating and a $308.00 target price on the stock. Barclays upped their target price on shares of NRG Energy from $197.00 to $203.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. 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 research note on Thursday, July 17th. Finally, Scotiabank assumed coverage on NRG Energy in a research note on Monday, September 22nd. They issued a “sector outperform” rating and a $212.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $188.85.

Insider Activity at NRG Energy

In other news, VP Dak Liyanearachchi sold 10,672 shares of the firm’s stock in a transaction 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 completion of the sale, the vice president directly owned 48,571 shares in the company, valued at approximately $7,528,505. This trade represents a 18.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.61% of the company’s stock.

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.