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 company’s stock in a transaction that occurred on 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 owns 64,448 shares in the company, valued at approximately $5,891,191.68. This represents a 48.21 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

NRG Energy Price Performance

Shares of NRG traded up $0.06 during trading hours on Monday, hitting $98.56. 4,259,206 shares of the stock were exchanged, compared to its average volume of 3,047,632. The stock’s 50-day moving average price is $93.87 and its two-hundred day moving average price is $86.04. NRG Energy, Inc. has a 12-month low of $50.23 and a 12-month high of $103.14. 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 company has a market cap of $19.96 billion, a price-to-earnings ratio of 24.76, a price-to-earnings-growth ratio of 1.29 and a beta of 1.15.

NRG Energy Dividend Announcement

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

Hedge Funds Weigh In On NRG Energy

A number of institutional investors and hedge funds have recently bought and sold shares of NRG. Fortem Financial Group LLC grew its position in shares of NRG Energy by 3.3% in the fourth quarter. Fortem Financial Group LLC now owns 14,253 shares of the utilities provider’s stock valued at $1,286,000 after purchasing an additional 450 shares in the last quarter. CWA Asset Management Group LLC acquired a new position in NRG Energy during the fourth quarter worth $1,340,000. Everence Capital Management Inc. purchased a new stake in NRG Energy in the 4th quarter valued at $549,000. GAMMA Investing LLC raised its holdings in shares of NRG Energy by 21.2% during the 4th quarter. GAMMA Investing LLC now owns 6,249 shares of the utilities provider’s stock worth $564,000 after acquiring an additional 1,092 shares during the period. Finally, Versant Capital Management Inc boosted its position in shares of NRG Energy by 163.3% during the 4th quarter. Versant Capital Management Inc now owns 1,543 shares of the utilities provider’s stock valued at $139,000 after acquiring an additional 957 shares during the last quarter. 97.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on NRG shares. Wells Fargo & Company boosted their target price on shares of NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Citigroup increased their target price on shares of NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Jefferies Financial Group upgraded 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. BMO Capital Markets raised their price objective on NRG Energy from $94.00 to $100.00 and gave the company a “market perform” rating in a report on Tuesday, November 19th. Finally, Guggenheim upped their target price on NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, NRG Energy has a consensus rating of “Moderate Buy” and a consensus price target of $102.71.

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.