Insider Selling: Edward R. Muller Sells 48,800 Shares of NRG Energy Stock (NRG)
NRG Energy (NYSE:NRG) Director Edward R. Muller sold 48,800 shares of NRG Energy stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $29.55, for a total value of $1,442,040.00. Following the transaction, the director now directly owns 13,840 shares in the company, valued at approximately $408,972. The sale was disclosed in a document filed with the SEC, which is available at this link.
NRG has been the subject of a number of recent research reports. Analysts at ISI Group cut their price target on shares of NRG Energy from $35.00 to $34.00 in a research note on Monday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of NRG Energy in a research note on Friday, August 8th. They now have a $31.00 price target on the stock. Finally, analysts at Tigress Financial initiated coverage on shares of NRG Energy in a research note on Friday, August 8th. They set a “neutral” rating on the stock. Five research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $34.88.
Shares of NRG Energy (NYSE:NRG) traded up 0.34% on Wednesday, hitting $29.30. 2,443,547 shares of the company’s stock traded hands. NRG Energy has a 52-week low of $25.69 and a 52-week high of $38.09. The stock’s 50-day moving average is $32.78 and its 200-day moving average is $32.15. The company’s market cap is $9.895 billion.
NRG Energy (NYSE:NRG) last announced its earnings results on Thursday, August 7th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by $0.45. The company had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the previous year, the company posted $0.37 earnings per share. The company’s revenue for the quarter was up 23.6% on a year-over-year basis. On average, analysts predict that NRG Energy will post $2.07 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 15th. Stockholders of record on Friday, August 1st will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.92%. The ex-dividend date is Wednesday, July 30th.
NRG Energy, Inc (NYSE:NRG) is an integrated wholesale power generation and retail electricity company in the United States.
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