NRG Energy, Inc. (NYSE:NRG) VP Sells $5,484,600.00 in 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 transaction of $5,484,600.00. Following the completion of the transaction, the vice president now owns 64,448 shares of the company’s stock, valued at $5,891,191.68. This represents a 48.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

NRG Energy Stock Performance

Shares of NRG opened at $98.60 on Thursday. The stock has a 50-day moving average of $94.45 and a two-hundred day moving average of $86.37. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17. The stock has a market cap of $19.97 billion, a P/E ratio of 24.77, a P/E/G ratio of 1.29 and a beta of 1.15. NRG Energy, Inc. has a one year low of $50.23 and a one year high of $103.14.

NRG Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were given a $0.4075 dividend. The ex-dividend date was Friday, November 1st. This represents a $1.63 dividend on an annualized basis and a yield of 1.65%. NRG Energy’s dividend payout ratio is currently 40.95%.

Hedge Funds Weigh In On NRG Energy

Hedge funds and other institutional investors have recently bought and sold shares of the business. Ashton Thomas Securities LLC purchased a new stake in shares of NRG Energy in the 3rd quarter valued at $26,000. Covestor Ltd boosted its holdings in NRG Energy by 74.7% in the third quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 139 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new stake in NRG Energy during the 3rd quarter worth about $35,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of NRG Energy during the 3rd quarter valued at about $36,000. Finally, RPg Family Wealth Advisory LLC acquired a new position in shares of NRG Energy in the 3rd quarter valued at about $43,000. Institutional investors and hedge funds own 97.72% of the company’s stock.

Analyst Upgrades and Downgrades

NRG has been the subject of several recent analyst reports. Guggenheim boosted their price objective on shares of NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Jefferies Financial Group raised NRG Energy from a “hold” rating to a “buy” rating and upped their price target for the stock from $93.00 to $113.00 in a research report on Tuesday, November 26th. Wells Fargo & Company raised their price objective on NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. BMO Capital Markets upped their target price on NRG Energy from $94.00 to $100.00 and gave the company a “market perform” rating in a research report on Tuesday, November 19th. Finally, Citigroup boosted their price target 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. According to MarketBeat.com, NRG Energy currently has an average rating of “Moderate Buy” and a consensus price target 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.