NRG Energy Director Edward R. Muller Sells 84,000 Shares (NRG)
NRG Energy (NYSE:NRG) Director Edward R. Muller unloaded 84,000 shares of NRG Energy stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $29.42, for a total value of $2,471,280.00. Following the sale, the director now directly owns 13,840 shares in the company, valued at approximately $407,173. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of NRG Energy (NYSE:NRG) traded up 0.34% during mid-day trading on Wednesday, hitting $29.30. The stock had a trading volume of 2,443,540 shares. NRG Energy has a 52-week low of $25.40 and a 52-week high of $38.09. The stock’s 50-day moving average is $32.99 and its 200-day moving average is $32.17. The company’s market cap is $9.895 billion.
NRG Energy (NYSE:NRG) last released its earnings data 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 declared a quarterly dividend, which is scheduled for Friday, August 15th. Stockholders of record on Friday, August 1st will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend is Wednesday, July 30th.
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 investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $34.88.
NRG Energy, Inc (NYSE:NRG) is an integrated wholesale power generation and retail electricity company in the United States.
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