NRG Energy, Inc. (NYSE:NRG) Director Kevin Howell Sells 50,000 Shares

NRG Energy, Inc. (NYSE:NRG - Get Free Report) Director Kevin Howell sold 50,000 shares of the company's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $154.50, for a total transaction of $7,725,000.00. Following the completion of the sale, the director now directly owns 55,427 shares of the company's stock, valued at approximately $8,563,471.50. This represents a 47.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

NRG Energy Stock Performance

Shares of NRG Energy stock traded down $1.02 during trading on Thursday, reaching $155.95. The company's stock had a trading volume of 2,491,044 shares, compared to its average volume of 3,280,633. NRG Energy, Inc. has a one year low of $65.11 and a one year high of $162.33. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17. The firm has a market cap of $30.49 billion, a price-to-earnings ratio of 39.18, a price-to-earnings-growth ratio of 1.01 and a beta of 1.13. The business's fifty day moving average price is $121.62 and its 200-day moving average price is $106.87.

NRG Energy (NYSE:NRG - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The utilities provider reported $2.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $1.90. NRG Energy had a net margin of 3.43% and a return on equity of 48.96%. The business had revenue of $8.59 billion for the quarter, compared to the consensus estimate of $8.28 billion. During the same quarter last year, the company posted $2.31 earnings per share. NRG Energy's quarterly revenue was up 15.6% on a year-over-year basis. As a group, equities research analysts predict that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend was Thursday, May 1st. NRG Energy's payout ratio is presently 28.39%.

Wall Street Analysts Forecast Growth

NRG has been the subject of a number of recent analyst reports. Wells Fargo & Company increased their price target on NRG Energy from $165.00 to $200.00 and gave the company an "overweight" rating in a research report on Tuesday, May 13th. Morgan Stanley raised their target price on shares of NRG Energy from $86.00 to $99.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 19th. Wall Street Zen lowered shares of NRG Energy from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. BMO Capital Markets reissued a "market perform" rating and issued a $167.00 price objective (up from $115.00) on shares of NRG Energy in a research note on Wednesday, May 14th. Finally, Jefferies Financial Group boosted their price target on shares of NRG Energy from $113.00 to $132.00 and gave the company a "buy" rating in a report on Monday, May 5th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $140.75.

Institutional Trading of NRG Energy

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC raised its stake in shares of NRG Energy by 34.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 13,094 shares of the utilities provider's stock worth $1,181,000 after buying an additional 3,329 shares during the last quarter. Brighton Jones LLC grew its position in shares of NRG Energy by 41.8% in the 4th quarter. Brighton Jones LLC now owns 5,187 shares of the utilities provider's stock valued at $468,000 after purchasing an additional 1,528 shares during the period. Spire Wealth Management increased its position in shares of NRG Energy by 3,045.6% during the fourth quarter. Spire Wealth Management now owns 2,831 shares of the utilities provider's stock worth $255,000 after acquiring an additional 2,741 shares in the last quarter. Greenleaf Trust increased its holdings in NRG Energy by 1.9% during the 4th quarter. Greenleaf Trust now owns 8,568 shares of the utilities provider's stock worth $773,000 after purchasing an additional 159 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC acquired a new stake in NRG Energy in the 4th quarter valued at approximately $3,168,000. Institutional investors and hedge funds own 97.72% of the company's stock.

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.