NRG Energy Inc (NYSE:NRG) SVP David Callen sold 41,011 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $41.83, for a total transaction of $1,715,490.13. Following the transaction, the senior vice president now directly owns 58,130 shares of the company’s stock, valued at approximately $2,431,577.90. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
NRG stock traded down $1.20 during midday trading on Thursday, hitting $41.86. The company’s stock had a trading volume of 5,879,203 shares, compared to its average volume of 3,603,532. The company has a quick ratio of 1.33, a current ratio of 1.50 and a debt-to-equity ratio of 7.16. NRG Energy Inc has a 52-week low of $29.74 and a 52-week high of $43.48. The stock has a market capitalization of $12.10 billion, a PE ratio of 17.37 and a beta of 0.78.
The firm also recently declared a quarterly dividend, which was paid on Friday, February 15th. Shareholders of record on Friday, February 1st were given a $0.03 dividend. The ex-dividend date was Thursday, January 31st. This represents a $0.12 annualized dividend and a yield of 0.29%. NRG Energy’s dividend payout ratio is presently 4.98%.
A number of hedge funds have recently modified their holdings of NRG. FMR LLC boosted its position in NRG Energy by 29.3% in the 4th quarter. FMR LLC now owns 18,293,260 shares of the utilities provider’s stock valued at $724,413,000 after buying an additional 4,150,186 shares during the period. Two Sigma Advisers LP raised its stake in NRG Energy by 141.7% during the 4th quarter. Two Sigma Advisers LP now owns 3,511,494 shares of the utilities provider’s stock worth $139,055,000 after acquiring an additional 2,058,557 shares in the last quarter. Two Sigma Investments LP raised its stake in NRG Energy by 870.4% during the 4th quarter. Two Sigma Investments LP now owns 2,068,071 shares of the utilities provider’s stock worth $81,896,000 after acquiring an additional 1,854,960 shares in the last quarter. Alliancebernstein L.P. raised its stake in NRG Energy by 67.9% during the 3rd quarter. Alliancebernstein L.P. now owns 3,881,049 shares of the utilities provider’s stock worth $145,151,000 after acquiring an additional 1,569,817 shares in the last quarter. Finally, Steadfast Capital Management LP raised its stake in NRG Energy by 22.5% during the 3rd quarter. Steadfast Capital Management LP now owns 7,239,595 shares of the utilities provider’s stock worth $270,761,000 after acquiring an additional 1,330,644 shares in the last quarter. 97.23% of the stock is owned by institutional investors.
NRG has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of NRG Energy from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Wednesday, January 23rd. Citigroup increased their price objective on shares of NRG Energy from $38.00 to $47.00 and gave the stock a “buy” rating in a research report on Monday, December 10th. Macquarie set a $48.00 price objective on shares of NRG Energy and gave the stock a “buy” rating in a research report on Friday, March 1st. ValuEngine raised shares of NRG Energy from a “hold” rating to a “buy” rating in a research report on Thursday, March 7th. Finally, Deutsche Bank set a $43.00 price target on shares of NRG Energy and gave the company a “hold” rating in a research report on Friday, March 1st. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $42.57.
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NRG Energy Company Profile
NRG Energy, Inc, together with its subsidiaries, operates as an energy company in the United States. The company is involved in the producing, selling, and delivering electricity and related products and services to 3.1 million residential, industrial, and commercial consumers. It generates electricity using natural gas, coal, oil, solar, nuclear, wind, fossil fuel, and nuclear sources.
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