NRG Energy Director Unloads $658,347 in Stock (NRG)
NRG Energy (NYSE:NRG) Director Edward R. Muller sold 22,523 shares of NRG Energy stock on the open market in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $29.23, for a total value of $658,347.29. Following the completion of the sale, the director now directly owns 13,840 shares of the company’s stock, valued at approximately $404,543. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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 has a 50-day moving average of $32.78 and a 200-day moving average of $32.15. The company’s market cap is $9.895 billion.
NRG Energy (NYSE:NRG) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.30) earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.37 earnings per share. NRG Energy’s revenue was up 23.6% compared to the same quarter last year. Analysts expect that NRG Energy will post $2.07 EPS 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.
Several analysts have recently commented on the stock. 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 given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target 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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