Insider Selling: NRG Energy, Inc. (NYSE:NRG) VP Sells 60,000 Shares of Stock

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

NRG Energy Stock Performance

Shares of NYSE NRG traded up $0.06 during midday trading on Monday, reaching $98.56. The company had a trading volume of 4,259,206 shares, compared to its average volume of 3,047,632. The stock has a market cap of $19.96 billion, a P/E ratio of 24.76, a P/E/G ratio of 1.29 and a beta of 1.15. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. NRG Energy, Inc. has a 1 year low of $50.23 and a 1 year high of $103.14. The business’s 50-day simple moving average is $93.87 and its 200 day simple moving average is $86.04.

NRG Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid a dividend of $0.4075 per share. The ex-dividend date was Friday, November 1st. This represents a $1.63 annualized dividend and a yield of 1.65%. NRG Energy’s payout ratio is presently 40.95%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on NRG shares. Wells Fargo & Company raised their price objective on NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Jefferies Financial Group upgraded shares of NRG Energy from a “hold” rating to a “buy” rating and raised their price target for the company from $93.00 to $113.00 in a report on Tuesday, November 26th. 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. BMO Capital Markets raised their target price on shares of NRG Energy from $94.00 to $100.00 and gave the company a “market perform” rating in a research note on Tuesday, November 19th. Finally, Citigroup upped their price target on NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, NRG Energy has a consensus rating of “Moderate Buy” and a consensus price target of $102.71.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Geode Capital Management LLC increased its holdings in NRG Energy by 6.2% in the 3rd quarter. Geode Capital Management LLC now owns 5,399,098 shares of the utilities provider’s stock worth $494,225,000 after buying an additional 313,478 shares during the period. Banco Santander S.A. increased its stake in shares of NRG Energy by 0.9% in the third quarter. Banco Santander S.A. now owns 2,820,500 shares of the utilities provider’s stock worth $256,948,000 after acquiring an additional 24,834 shares during the period. Jacobs Levy Equity Management Inc. raised its holdings in shares of NRG Energy by 7.4% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,663,441 shares of the utilities provider’s stock worth $242,639,000 after purchasing an additional 182,481 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its position in NRG Energy by 52.2% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,330,706 shares of the utilities provider’s stock valued at $121,227,000 after purchasing an additional 456,573 shares during the period. Finally, Los Angeles Capital Management LLC boosted its holdings in NRG Energy by 32,962.3% in the third quarter. Los Angeles Capital Management LLC now owns 1,052,705 shares of the utilities provider’s stock valued at $95,901,000 after purchasing an additional 1,049,521 shares during the last quarter. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

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.