Insider Selling: NRG Energy (NYSE:NRG) VP Sells 10,672 Shares of Stock

Key Points

• NRG Energy Vice President Dak Liyanearachchi sold 10,672 shares at an average price of $155.00, totaling $1,654,160, which decreased their ownership in the company by 18.01%.
• Following the stock sale, NRG Energy's share price fell by $3.16, bringing it down to $158.05, with a trading volume of 2,303,149 shares.
• NRG Energy recently announced a quarterly dividend of $0.44 per share, reflecting an annualized dividend yield of 1.1% and a dividend payout ratio of 79.64%.

NRG Energy, Inc. (NYSE:NRG - Get Free Report) VP Dak Liyanearachchi sold 10,672 shares of the firm's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $155.00, for a total transaction of $1,654,160.00. Following the transaction, the vice president owned 48,571 shares of the company's stock, valued at $7,528,505. This trade represents a 18.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

NRG Energy Price Performance

NYSE:NRG traded down $3.16 during mid-day trading on Thursday, hitting $158.05. 2,303,149 shares of the company's stock traded hands, compared to its average volume of 3,116,148. The company has a debt-to-equity ratio of 5.99, a quick ratio of 0.88 and a current ratio of 0.93. The firm's 50 day simple moving average is $153.12 and its 200 day simple moving average is $132.86. NRG Energy, Inc. has a 1 year low of $77.49 and a 1 year high of $175.96. The company has a market cap of $30.57 billion, a PE ratio of 71.52, a price-to-earnings-growth ratio of 1.24 and a beta of 1.17.

NRG Energy (NYSE:NRG - Get Free Report) last posted its earnings results on Wednesday, August 6th. The utilities provider reported $1.68 earnings per share for the quarter, missing the consensus estimate of $1.72 by ($0.04). NRG Energy had a net margin of 1.78% and a return on equity of 88.22%. The business had revenue of $6.74 billion for the quarter, compared to analysts' expectations of $6.63 billion. During the same quarter last year, the business posted $3.37 earnings per share. The business's revenue was up 1.2% compared to the same quarter last year. Sell-side analysts expect that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, August 1st. NRG Energy's dividend payout ratio (DPR) is 79.64%.

Institutional Investors Weigh In On NRG Energy

Several hedge funds have recently modified their holdings of NRG. Toth Financial Advisory Corp acquired a new stake in shares of NRG Energy in the second quarter worth approximately $27,000. Zions Bancorporation National Association UT acquired a new stake in shares of NRG Energy in the first quarter worth approximately $28,000. Bank of Jackson Hole Trust acquired a new stake in shares of NRG Energy in the second quarter worth approximately $28,000. Key Financial Inc acquired a new stake in shares of NRG Energy in the first quarter worth approximately $30,000. Finally, Fourth Dimension Wealth LLC acquired a new stake in shares of NRG Energy in the second quarter worth approximately $32,000. 97.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NRG has been the topic of several analyst reports. BMO Capital Markets raised their price target on shares of NRG Energy from $167.00 to $185.00 and gave the stock a "market perform" rating in a research note on Wednesday, August 6th. Wall Street Zen cut shares of NRG Energy from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Citigroup raised their price target on shares of NRG Energy from $133.00 to $185.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Melius Research initiated coverage on shares of NRG Energy in a research note on Wednesday, August 20th. They set a "buy" rating and a $308.00 price target on the stock. Finally, Raymond James Financial initiated coverage on shares of NRG Energy in a research note on Friday, June 13th. They set a "strong-buy" rating and a $195.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $186.92.

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.

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