Insider Selling: NRG Energy, Inc. (NYSE:NRG) Director Sells 50,000 Shares of Stock

NRG Energy, Inc. (NYSE:NRG - Get Free Report) Director Kevin Howell sold 50,000 shares of NRG Energy stock in a transaction on Friday, May 30th. The shares were sold at an average price of $154.50, for a total transaction of $7,725,000.00. Following the transaction, the director now owns 55,427 shares in the company, valued at $8,563,471.50. The trade was a 47.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

NRG Energy Stock Down 0.1%

Shares of NRG Energy stock traded down $0.09 during trading on Friday, reaching $155.94. The company had a trading volume of 2,327,743 shares, compared to its average volume of 2,990,788. The company 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 firm's fifty day moving average is $123.98 and its 200-day moving average is $107.72. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17. NRG Energy, Inc. has a fifty-two week low of $65.11 and a fifty-two week high of $162.33.

NRG Energy (NYSE:NRG - Get Free Report) last issued its earnings results on Monday, May 12th. The utilities provider reported $2.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analyst estimates of $8.28 billion. During the same quarter in the prior year, the business posted $2.31 EPS. The company's revenue for the quarter was up 15.6% on a year-over-year basis. On average, analysts anticipate that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Announces Dividend

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

Institutional Investors Weigh In On NRG Energy

Institutional investors have recently modified their holdings of the business. SBI Securities Co. Ltd. bought a new stake in shares of NRG Energy during the 4th quarter valued at about $32,000. Townsquare Capital LLC grew its position in shares of NRG Energy by 97.4% during the 4th quarter. Townsquare Capital LLC now owns 5,233 shares of the utilities provider's stock valued at $472,000 after buying an additional 2,582 shares during the last quarter. Graham Capital Management L.P. bought a new position in NRG Energy in the 4th quarter worth about $276,000. Sanctuary Advisors LLC grew its position in NRG Energy by 2.5% in the 4th quarter. Sanctuary Advisors LLC now owns 99,317 shares of the utilities provider's stock worth $8,960,000 after purchasing an additional 2,462 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its position in NRG Energy by 85.0% in the 4th quarter. Jones Financial Companies Lllp now owns 1,817 shares of the utilities provider's stock worth $164,000 after purchasing an additional 835 shares during the last quarter. Institutional investors own 97.72% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Guggenheim boosted their price objective on shares of NRG Energy from $138.00 to $173.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Jefferies Financial Group boosted their price objective on shares of NRG Energy from $113.00 to $132.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Wells Fargo & Company boosted their price objective on shares of NRG Energy from $165.00 to $200.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. The Goldman Sachs Group assumed coverage on shares of NRG Energy in a report on Friday, April 4th. They issued a "buy" rating and a $129.00 price objective on the stock. Finally, BMO Capital Markets reiterated a "market perform" rating and issued a $167.00 price objective (up previously from $115.00) on shares of NRG Energy in a report on Wednesday, May 14th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $140.75.

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.