NRG Energy, Inc. (NYSE:NRG - Get Free Report) VP Virginia Kinney sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $156.65, for a total transaction of $783,250.00. Following the completion of the transaction, the vice president directly owned 55,495 shares of the company's stock, valued at approximately $8,693,291.75. The trade was a 8.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
NRG Energy Stock Up 1.5%
NRG Energy stock opened at $154.74 on Wednesday. The firm has a market capitalization of $33.15 billion, a P/E ratio of 39.27 and a beta of 1.26. The company has a current ratio of 1.64, a quick ratio of 1.58 and a debt-to-equity ratio of 15.92. NRG Energy, Inc. has a twelve month low of $79.57 and a twelve month high of $189.96. The stock's fifty day simple moving average is $158.73 and its 200-day simple moving average is $161.95.
NRG Energy (NYSE:NRG - Get Free Report) last issued its earnings results on Tuesday, February 24th. The utilities provider reported $1.04 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.15). NRG Energy had a net margin of 2.81% and a return on equity of 109.48%. The firm had revenue of $7.75 billion during the quarter, compared to analyst estimates of $6.68 billion. During the same period last year, the business earned $1.56 EPS. The firm's revenue was up 13.7% compared to the same quarter last year. As a group, equities analysts expect that NRG Energy, Inc. will post 6.36 earnings per share for the current fiscal year.
NRG Energy Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 2nd were issued a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 1.2%. This is a boost from NRG Energy's previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Monday, February 2nd. NRG Energy's dividend payout ratio is currently 48.22%.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on NRG shares. Zacks Research raised NRG Energy from a "strong sell" rating to a "hold" rating in a research report on Monday, February 23rd. UBS Group began coverage on NRG Energy in a research report on Tuesday, December 9th. They set a "buy" rating and a $211.00 target price on the stock. Weiss Ratings downgraded NRG Energy from a "buy (b)" rating to a "hold (c+)" rating in a report on Thursday, February 26th. The Goldman Sachs Group began coverage on shares of NRG Energy in a research note on Friday, March 6th. They issued a "buy" rating and a $197.00 price target on the stock. Finally, Evercore assumed coverage on shares of NRG Energy in a report on Wednesday, February 25th. They set an "outperform" rating and a $215.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, NRG Energy currently has an average rating of "Moderate Buy" and an average price target of $196.33.
Read Our Latest Research Report on NRG
Institutional Trading of NRG Energy
Institutional investors and hedge funds have recently made changes to their positions in the company. Quent Capital LLC acquired a new stake in shares of NRG Energy in the 3rd quarter valued at about $25,000. Motiv8 Investments LLC acquired a new position in NRG Energy during the fourth quarter worth approximately $27,000. MV Capital Management Inc. purchased a new stake in NRG Energy in the fourth quarter valued at approximately $27,000. Core Wealth Advisors LLC purchased a new stake in NRG Energy in the fourth quarter valued at approximately $28,000. Finally, Atlantic Union Bankshares Corp boosted its holdings in shares of NRG Energy by 90.4% in the third quarter. Atlantic Union Bankshares Corp now owns 179 shares of the utilities provider's stock valued at $29,000 after acquiring an additional 85 shares during the period. 97.72% of the stock is owned by hedge funds and other institutional investors.
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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