NRG Energy Inc (NYSE:NRG) EVP Christopher Moser sold 43,975 shares of the firm’s stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $35.11, for a total transaction of $1,543,962.25. Following the sale, the executive vice president now owns 61,075 shares in the company, valued at $2,144,343.25. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Christopher Moser also recently made the following trade(s):
- On Thursday, September 6th, Christopher Moser sold 15,200 shares of NRG Energy stock. The stock was sold at an average price of $35.14, for a total transaction of $534,128.00.
NRG stock traded up $0.36 during mid-day trading on Wednesday, hitting $35.77. 2,746,100 shares of the company were exchanged, compared to its average volume of 5,149,653. The company has a debt-to-equity ratio of 7.16, a quick ratio of 1.17 and a current ratio of 1.30. The company has a market capitalization of $10.56 billion, a P/E ratio of 32.82 and a beta of 1.06. NRG Energy Inc has a 1-year low of $22.90 and a 1-year high of $35.90.
NRG Energy (NYSE:NRG) last posted its quarterly earnings data on Thursday, August 2nd. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.55). NRG Energy had a negative net margin of 9.30% and a positive return on equity of 29.44%. The business had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.72 billion. During the same quarter last year, the business earned $0.36 earnings per share. NRG Energy’s revenue for the quarter was up 8.2% on a year-over-year basis. analysts forecast that NRG Energy Inc will post 4.14 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 15th. Stockholders of record on Wednesday, August 1st were issued a $0.03 dividend. The ex-dividend date was Tuesday, July 31st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.34%. NRG Energy’s dividend payout ratio (DPR) is presently 11.01%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Toronto Dominion Bank raised its holdings in shares of NRG Energy by 27.0% in the first quarter. Toronto Dominion Bank now owns 142,006 shares of the utilities provider’s stock valued at $4,335,000 after purchasing an additional 30,158 shares during the last quarter. Bowling Portfolio Management LLC acquired a new stake in shares of NRG Energy in the second quarter valued at approximately $1,099,000. MUFG Securities EMEA plc acquired a new stake in shares of NRG Energy in the second quarter valued at approximately $10,553,000. Schwab Charles Investment Management Inc. raised its holdings in shares of NRG Energy by 0.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 1,663,411 shares of the utilities provider’s stock valued at $50,784,000 after purchasing an additional 12,715 shares during the last quarter. Finally, Allianz Asset Management GmbH raised its holdings in shares of NRG Energy by 202.6% in the first quarter. Allianz Asset Management GmbH now owns 48,461 shares of the utilities provider’s stock valued at $1,480,000 after purchasing an additional 32,447 shares during the last quarter. Institutional investors own 98.90% of the company’s stock.
Several brokerages have commented on NRG. Zacks Investment Research downgraded shares of NRG Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 26th. Citigroup downgraded shares of NRG Energy from a “buy” rating to a “neutral” rating and set a $33.00 target price on the stock. in a report on Monday, July 30th. ValuEngine downgraded shares of NRG Energy from a “buy” rating to a “hold” rating in a report on Thursday, May 17th. Finally, Bank of America dropped their target price on shares of NRG Energy from $38.00 to $37.00 and set a “buy” rating on the stock in a report on Wednesday, July 25th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $35.80.
About NRG Energy
NRG Energy, Inc, together with its subsidiaries, operates as an integrated power company in the United States. The company is involved in the generation of electricity using fossil fuel and nuclear sources. The company provides electricity to 2.9 million residential, commercial, and industrial consumers; system power, distributed generation, solar and wind products, backup generation, storage and distributed solar, demand response, energy efficiency, and on-site energy solutions; and carbon management and specialty services.
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