Insider Selling: NRG Energy, Inc. (NYSE:NRG) CFO Sells 20,000 Shares of Stock

NRG Energy, Inc. (NYSE:NRG) CFO Bruce Chung sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $97.63, for a total value of $1,952,600.00. Following the completion of the sale, the chief financial officer now owns 69,454 shares in the company, valued at $6,780,794.02. This represents a 22.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

NRG Energy Price Performance

NRG Energy stock traded down $2.16 during mid-day trading on Monday, reaching $97.23. 2,513,451 shares of the company were exchanged, compared to its average volume of 3,058,236. The company has a fifty day simple moving average of $95.05 and a 200-day simple moving average of $86.79. NRG Energy, Inc. has a 12 month low of $50.24 and a 12 month high of $103.14. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. The firm has a market cap of $19.70 billion, a PE ratio of 24.43, a PEG ratio of 1.29 and a beta of 1.15.

Wall Street Analyst Weigh In

Several analysts have issued reports on NRG shares. Wells Fargo & Company upped their price objective on NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Guggenheim increased 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. Jefferies Financial Group upgraded NRG Energy from a “hold” rating to a “buy” rating and increased their target price for the stock from $93.00 to $113.00 in a research note on Tuesday, November 26th. BMO Capital Markets increased their target price on NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 19th. Finally, Citigroup increased their target price on NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, NRG Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $102.71.

Hedge Funds Weigh In On NRG Energy

A number of hedge funds have recently added to or reduced their stakes in NRG. Ashton Thomas Securities LLC acquired a new stake in shares of NRG Energy in the 3rd quarter valued at $26,000. Covestor Ltd boosted its holdings in shares of NRG Energy by 74.7% in the 3rd quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 139 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of NRG Energy during the 3rd quarter valued at $35,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in NRG Energy during the 3rd quarter worth $36,000. Finally, RPg Family Wealth Advisory LLC bought a new stake in NRG Energy during the 3rd quarter worth $43,000. Institutional investors own 97.72% of the company’s stock.

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.