Key Points
- NRG VP Robert Gaudette sold 45,000 shares on January 6 at an average price of $158.76 for about $7.14 million, cutting his ownership by 41.31% to 63,920 shares valued around $10.15 million.
- The company reported stronger-than-expected quarterly results—EPS $2.78 on $7.64 billion revenue—and its Board authorized a $3.00 billion share buyback (up to 9.2% of shares), signaling management confidence.
- NRG pays a quarterly dividend of $0.44 (annualized $1.76, ~1.1% yield) and carries a MarketBeat consensus of "Moderate Buy" with an average target price near $199.21.
NRG Energy, Inc. (NYSE:NRG - Get Free Report) CFO Bruce Chung sold 7,617 shares of the stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $158.79, for a total value of $1,209,503.43. Following the completion of the transaction, the chief financial officer directly owned 91,530 shares in the company, valued at approximately $14,534,048.70. This represents a 7.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
NRG Energy Trading Down 1.2%
NRG Energy stock opened at $159.61 on Wednesday. NRG Energy, Inc. has a 52-week low of $79.57 and a 52-week high of $180.54. The company has a market cap of $30.59 billion, a P/E ratio of 23.86 and a beta of 1.25. The company has a quick ratio of 0.99, a current ratio of 1.05 and a debt-to-equity ratio of 8.45. The business has a 50-day simple moving average of $164.49 and a two-hundred day simple moving average of $160.41.
NRG Energy (NYSE:NRG - Get Free Report) last issued its quarterly earnings data on Thursday, November 6th. The utilities provider reported $2.78 earnings per share for the quarter, topping the consensus estimate of $1.93 by $0.85. The firm had revenue of $7.64 billion for the quarter, compared to analysts' expectations of $7.53 billion. NRG Energy had a net margin of 4.84% and a return on equity of 103.57%. The business's quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.90 EPS. Analysts predict that NRG Energy, Inc. will post 6.36 EPS for the current year.
NRG Energy announced that its Board of Directors has initiated a share repurchase plan on Thursday, November 6th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the utilities provider to reacquire up to 9.2% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board of directors believes its stock is undervalued.
NRG Energy Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 3rd were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Monday, November 3rd. NRG Energy's dividend payout ratio (DPR) is currently 26.31%.
Analysts Set New Price Targets
A number of equities analysts recently commented on NRG shares. Wells Fargo & Company raised NRG Energy to a "strong-buy" rating in a report on Tuesday, October 28th. Morgan Stanley restated an "underperform" rating on shares of NRG Energy in a research report on Thursday, November 20th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of NRG Energy in a research report on Monday, December 29th. Jefferies Financial Group reiterated a "buy" rating and set a $198.00 price objective on shares of NRG Energy in a research note on Monday, October 20th. Finally, Scotiabank initiated coverage on shares of NRG Energy in a research note on Monday, September 22nd. They set a "sector outperform" rating and a $212.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, NRG Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $199.21.
Read Our Latest Report on NRG Energy
Institutional Trading of NRG Energy
Several hedge funds have recently bought and sold shares of the stock. Brighton Jones LLC grew its position in shares of NRG Energy by 41.8% during the fourth quarter. Brighton Jones LLC now owns 5,187 shares of the utilities provider's stock valued at $468,000 after purchasing an additional 1,528 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in NRG Energy during the first quarter valued at approximately $323,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in NRG Energy by 7.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,257 shares of the utilities provider's stock valued at $1,934,000 after buying an additional 1,381 shares in the last quarter. NewEdge Advisors LLC increased its stake in NRG Energy by 146.2% in the 1st quarter. NewEdge Advisors LLC now owns 42,456 shares of the utilities provider's stock worth $4,053,000 after acquiring an additional 25,211 shares during the last quarter. Finally, Scientech Research LLC purchased a new stake in shares of NRG Energy during the 1st quarter worth approximately $913,000. Hedge funds and other institutional investors own 97.72% of the company's stock.
About NRG Energy
(
Get Free Report)
NRG Energy (NYSE: NRG) is a U.S.-based integrated power company headquartered in Houston, Texas. The company develops, owns and operates a diversified portfolio of power generation assets and participates in wholesale and retail energy markets. NRG supplies electricity to utilities, commercial and industrial customers, and retail consumers, while also providing energy-related products and services designed to manage consumption and support reliability.
NRG's generation mix includes conventional thermal plants as well as renewable and distributed energy resources.
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