Robert J. Gaudette Sells 60,000 Shares of NRG Energy, Inc. (NYSE:NRG) Stock

NRG Energy, Inc. (NYSE:NRG) VP Robert J. Gaudette sold 60,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $91.41, for a total value of $5,484,600.00. Following the completion of the sale, the vice president now directly owns 64,448 shares of the company’s stock, valued at $5,891,191.68. This represents a 48.21 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

NRG Energy Stock Down 1.9 %

NYSE NRG opened at $96.83 on Wednesday. NRG Energy, Inc. has a twelve month low of $50.23 and a twelve month high of $103.14. The stock has a market cap of $19.61 billion, a PE ratio of 24.33, a PEG ratio of 1.29 and a beta of 1.15. The firm has a 50-day simple moving average of $94.24 and a 200 day simple moving average of $86.29. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17.

NRG Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a dividend of $0.4075 per share. This represents a $1.63 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend was Friday, November 1st. NRG Energy’s payout ratio is presently 40.95%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Everence Capital Management Inc. bought a new stake in NRG Energy in the 4th quarter valued at $549,000. Pine Valley Investments Ltd Liability Co increased its stake in NRG Energy by 25.1% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 50,027 shares of the utilities provider’s stock valued at $4,557,000 after acquiring an additional 10,031 shares during the period. Luxor Capital Group LP raised its position in NRG Energy by 47.8% in the third quarter. Luxor Capital Group LP now owns 520,591 shares of the utilities provider’s stock worth $47,426,000 after purchasing an additional 168,267 shares in the last quarter. Bank of Hawaii lifted its stake in NRG Energy by 95.5% during the third quarter. Bank of Hawaii now owns 15,685 shares of the utilities provider’s stock worth $1,429,000 after purchasing an additional 7,662 shares during the period. Finally, DRW Securities LLC boosted its holdings in NRG Energy by 181.5% during the third quarter. DRW Securities LLC now owns 11,913 shares of the utilities provider’s stock valued at $1,085,000 after purchasing an additional 7,681 shares in the last quarter. 97.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NRG has been the subject of several analyst reports. Guggenheim boosted their target price on NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. BMO Capital Markets upped their price objective on shares of NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a report on Tuesday, November 19th. Wells Fargo & Company lifted their target price on shares of NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Jefferies Financial Group upgraded shares of NRG Energy from a “hold” rating to a “buy” rating and upped their price target for the company from $93.00 to $113.00 in a report on Tuesday, November 26th. Finally, Citigroup lifted their price objective on NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, NRG Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $102.71.

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.