Insider Selling: NRG Energy, Inc. (NYSE:NRG) Insider Sells $2,047,381.86 in Stock

NRG Energy, Inc. (NYSE:NRG) insider Rasesh M. Patel sold 24,546 shares of the company’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $83.41, for a total value of $2,047,381.86. Following the completion of the sale, the insider now owns 266,064 shares of the company’s stock, valued at $22,192,398.24. The transaction was disclosed in a filing with the SEC, which is available through this link.

NRG Energy Trading Down 2.4 %

Shares of NRG Energy stock opened at $81.07 on Thursday. NRG Energy, Inc. has a twelve month low of $31.68 and a twelve month high of $86.00. The company has a quick ratio of 0.95, a current ratio of 1.01 and a debt-to-equity ratio of 3.61. The business has a 50-day moving average price of $73.30 and a 200-day moving average price of $58.95. The firm has a market cap of $16.90 billion, a price-to-earnings ratio of 11.48 and a beta of 1.11.

NRG Energy (NYSE:NRG) last released its quarterly earnings results on Wednesday, February 28th. The utilities provider reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.20. The business had revenue of $6.81 billion during the quarter, compared to analysts’ expectations of $7.51 billion. NRG Energy had a return on equity of 42.60% and a net margin of 5.76%. Equities research analysts anticipate that NRG Energy, Inc. will post 5.46 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st were given a dividend of $0.4075 per share. The ex-dividend date of this dividend was Tuesday, April 30th. This represents a $1.63 annualized dividend and a yield of 2.01%. NRG Energy’s dividend payout ratio (DPR) is currently 23.09%.

Institutional Trading of NRG Energy

Large investors have recently made changes to their positions in the business. First Trust Direct Indexing L.P. grew its position in NRG Energy by 2.8% in the first quarter. First Trust Direct Indexing L.P. now owns 5,813 shares of the utilities provider’s stock worth $393,000 after acquiring an additional 161 shares in the last quarter. Kingswood Wealth Advisors LLC boosted its holdings in shares of NRG Energy by 0.8% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 23,267 shares of the utilities provider’s stock worth $1,575,000 after purchasing an additional 174 shares during the period. Czech National Bank raised its holdings in NRG Energy by 0.5% during the 1st quarter. Czech National Bank now owns 39,723 shares of the utilities provider’s stock valued at $2,689,000 after buying an additional 181 shares during the period. Savant Capital LLC lifted its position in NRG Energy by 1.7% in the fourth quarter. Savant Capital LLC now owns 12,749 shares of the utilities provider’s stock worth $659,000 after buying an additional 212 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in NRG Energy by 35.4% during the fourth quarter. Blue Trust Inc. now owns 865 shares of the utilities provider’s stock worth $45,000 after buying an additional 226 shares during the period. 97.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NRG. Morgan Stanley raised their price objective on NRG Energy from $51.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 26th. BMO Capital Markets lifted their price target on shares of NRG Energy from $73.00 to $82.00 and gave the company a “market perform” rating in a report on Wednesday, May 8th. Evercore ISI increased their price objective on shares of NRG Energy from $55.00 to $65.00 and gave the stock an “in-line” rating in a research note on Monday, March 18th. StockNews.com upgraded shares of NRG Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, March 6th. Finally, Wells Fargo & Company increased their price target on NRG Energy from $100.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 15th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, NRG Energy presently has a consensus rating of “Hold” and an average price target of $65.50.

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.