NRG Energy, Inc. (NYSE:NRG) VP Robert J. Gaudette 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 dated Thursday, January 2nd. The stock was sold at an average price of $91.41, for a total transaction of $5,484,600.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

NRG Energy Trading Up 0.1 %

NYSE NRG opened at $98.56 on Tuesday. 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 stock has a 50-day moving average of $94.07 and a 200-day moving average of $86.17. The firm has a market cap of $19.96 billion, a PE ratio of 24.76, a price-to-earnings-growth ratio of 1.29 and a beta of 1.15.

NRG Energy Dividend Announcement

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

Institutional Trading of NRG Energy

A number of institutional investors have recently modified their holdings of the company. Ashton Thomas Securities LLC purchased a new stake in NRG Energy in the third quarter worth $26,000. Covestor Ltd boosted its stake 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 acquiring an additional 139 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new stake in NRG Energy in the third quarter worth about $35,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of NRG Energy during the third quarter valued at approximately $36,000. Finally, RPg Family Wealth Advisory LLC purchased a new position in shares of NRG Energy during the third quarter valued at approximately $43,000. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on NRG. Guggenheim upped their price objective on NRG Energy from $77.00 to $118.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. 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 report on Monday, November 11th. BMO Capital Markets increased their price target on shares of NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a report on Tuesday, November 19th. Citigroup lifted their price objective on NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, Jefferies Financial Group raised shares of NRG Energy from a “hold” rating to a “buy” rating and boosted their price target for the stock from $93.00 to $113.00 in a research note on Tuesday, November 26th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average 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.