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

NRG Energy, Inc. (NYSE:NRG) VP Robert J. Gaudette sold 60,000 shares of NRG Energy stock in a transaction on Thursday, January 2nd. The shares were 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 directly owns 64,448 shares of the company’s stock, valued at $5,891,191.68. The trade was a 48.21 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

NRG Energy Price Performance

NRG Energy stock opened at $98.60 on Thursday. The company has a fifty day simple moving average of $94.45 and a 200-day simple moving average of $86.37. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57. The firm has a market capitalization of $19.97 billion, a price-to-earnings ratio of 24.77, a PEG ratio of 1.29 and a beta of 1.15. NRG Energy, Inc. has a 52-week low of $50.23 and a 52-week high of $103.14.

NRG Energy Announces Dividend

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

Analyst Upgrades and Downgrades

NRG has been the topic of a number of analyst reports. Citigroup raised their target price on NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. 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 report on Monday, November 11th. Guggenheim increased their target price on NRG Energy from $77.00 to $118.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Jefferies Financial Group raised shares of NRG Energy from a “hold” rating to a “buy” rating and lifted their price target for the company from $93.00 to $113.00 in a research note on Tuesday, November 26th. Finally, BMO Capital Markets lifted 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 report on Tuesday, November 19th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, NRG Energy currently has a consensus rating of “Moderate Buy” and an average target price of $102.71.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. M&T Bank Corp lifted its position in NRG Energy by 0.3% during the third quarter. M&T Bank Corp now owns 38,213 shares of the utilities provider’s stock worth $3,481,000 after buying an additional 113 shares in the last quarter. McIlrath & Eck LLC raised its holdings in shares of NRG Energy by 4.5% during the 3rd quarter. McIlrath & Eck LLC now owns 2,630 shares of the utilities provider’s stock worth $240,000 after acquiring an additional 113 shares during the period. Castle Rock Wealth Management LLC boosted its position in shares of NRG Energy by 3.5% during the 3rd quarter. Castle Rock Wealth Management LLC now owns 3,746 shares of the utilities provider’s stock valued at $356,000 after acquiring an additional 126 shares during the last quarter. Park Avenue Securities LLC grew its holdings in shares of NRG Energy by 2.8% in the third quarter. Park Avenue Securities LLC now owns 4,910 shares of the utilities provider’s stock valued at $447,000 after purchasing an additional 134 shares during the period. Finally, Covestor Ltd increased its position in NRG Energy by 74.7% during the third quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 139 shares during the last quarter. 97.72% of the stock is currently owned by institutional investors and hedge funds.

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.