Charles Schwab Investment Management Inc. Sells 44,085 Shares of NRG Energy, Inc. $NRG

Charles Schwab Investment Management Inc. trimmed its position in shares of NRG Energy, Inc. (NYSE:NRG) by 2.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,847,593 shares of the utilities provider’s stock after selling 44,085 shares during the period. Charles Schwab Investment Management Inc.’s holdings in NRG Energy were worth $296,686,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in NRG. Toth Financial Advisory Corp purchased a new position in shares of NRG Energy during the second quarter valued at approximately $27,000. Zions Bancorporation National Association UT purchased a new stake in shares of NRG Energy in the first quarter worth approximately $28,000. Bank of Jackson Hole Trust bought a new stake in shares of NRG Energy during the 2nd quarter worth approximately $28,000. Fourth Dimension Wealth LLC purchased a new position in NRG Energy during the 2nd quarter valued at $32,000. Finally, Evermay Wealth Management LLC bought a new position in NRG Energy in the 1st quarter valued at $36,000. Institutional investors own 97.72% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on NRG shares. Barclays lifted their target price on NRG Energy from $197.00 to $203.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Melius Research started coverage on shares of NRG Energy in a research report on Wednesday, August 20th. They issued a “buy” rating and a $308.00 price objective for the company. Wall Street Zen lowered shares of NRG Energy from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Jefferies Financial Group reiterated a “buy” rating and issued a $198.00 price target on shares of NRG Energy in a report on Monday, October 20th. Finally, Zacks Research downgraded NRG Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 13th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, NRG Energy presently has a consensus rating of “Moderate Buy” and an average price target of $198.31.

NRG Energy Price Performance

NYSE NRG opened at $166.96 on Tuesday. The company has a market cap of $32.00 billion, a PE ratio of 75.55 and a beta of 1.16. The firm’s 50 day moving average price is $166.96 and its 200-day moving average price is $158.58. 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 52-week low of $79.57 and a 52-week high of $180.54.

NRG Energy (NYSE:NRG) last issued its quarterly earnings data on Thursday, November 6th. The utilities provider reported $2.78 EPS for the quarter, topping analysts’ consensus estimates of $1.93 by $0.85. The company had revenue of $7.64 billion during the quarter, compared to the consensus estimate of $7.53 billion. NRG Energy had a net margin of 1.78% and a return on equity of 88.22%. NRG Energy’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.90 earnings per share. Sell-side analysts forecast that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 3rd were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Monday, November 3rd. NRG Energy’s dividend payout ratio is 26.31%.

NRG Energy declared that its board has initiated a stock buyback program on Thursday, November 6th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the utilities provider to repurchase up to 9.2% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Insider Transactions at NRG Energy

In other news, VP Dak Liyanearachchi sold 10,672 shares of the firm’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $155.00, for a total value of $1,654,160.00. Following 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Virginia Kinney sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $163.82, for a total transaction of $3,276,400.00. Following the transaction, the vice president owned 43,191 shares of the company’s stock, valued at approximately $7,075,549.62. This trade represents a 31.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.86% of the stock is owned by company insiders.

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.