Insider Selling: NRG Energy, Inc. VP Sells 60,000 Shares of Stock

On January 2nd, 2023, Robert J. Gaudette, the Vice President of NRG Energy, Inc. (NYSE: NRG), sold 60,000 shares of the company's stock. The shares were sold at an average price of $91.41, resulting in a total transaction value of $5,484,600. Following this sale, Gaudette retains ownership of 64,448 shares in NRG Energy, which are currently valued at approximately $5,891,191.68. This sale reflects a significant decrease of 48.21% in his position within the company. The transaction was disclosed through a filing with the Securities and Exchange Commission (SEC), which details such insider trading activities.

NRG Energy Stock Performance

In recent trading sessions, NRG Energy's stock showed slight upward movement, gaining $0.06 to reach $98.56. The trading volume recorded was 4,259,206 shares, which is above the average volume of 3,047,632 shares. NRG Energy has a market capitalization of $19.96 billion. The price-to-earnings (P/E) ratio stands at 24.76, with a P/E growth (P/E/G) ratio of 1.29, and a beta of 1.15, indicating moderate volatility compared to the overall market. Additionally, the current ratio is 1.17, and the quick ratio is 1.10. The company has a notable debt-to-equity ratio of 5.57. Over the past year, the stock has fluctuated, with a low of $50.23 and a high of $103.14. The 50-day simple moving average is reported at $93.87, while the 200-day simple moving average is at $86.04.

NRG Energy Announces Dividend

Recently, NRG Energy declared a quarterly dividend, which was disbursed on November 15th. Shareholders of record as of November 1st received a dividend of $0.4075 per share. The ex-dividend date was also November 1st. The annualized dividend totals $1.63, reflecting a yield of 1.65%. Presently, NRG Energy maintains a payout ratio of 40.95%, which illustrates the proportion of earnings paid out as dividends.

Analyst Ratings Changes

Several analysts have recently updated their ratings and price targets for NRG shares. Notably, Wells Fargo & Company raised its price target from $130.00 to $140.00 while assigning an "overweight" rating. Jefferies Financial Group upgraded the rating from "hold" to "buy" and increased its price target to $113.00. Guggenheim also raised the price target to $118.00 with a "buy" rating. Meanwhile, BMO Capital Markets adjusted its price target from $94.00 to $100.00, assigning a "market perform" rating. Citigroup increased its price target to $100.00 with a "buy" rating as well. Data from MarketBeat indicates that four analysts rated the stock as a hold, while four others issued buy ratings. The consensus rating for NRG Energy is classified as a "Moderate Buy" with a price target of $102.71.

Institutional Inflows and Outflows

Recent activity reveals modifications in institutional holdings of NRG Energy. Geode Capital Management LLC increased its stake by 6.2% during the 3rd quarter, holding a total of 5,399,098 shares valued at approximately $494,225,000 after acquiring an additional 313,478 shares. Banco Santander S.A. also raised its ownership by 0.9%, now holding 2,820,500 shares worth $256,948,000. Jacobs Levy Equity Management boosted its holdings by 7.4%, owning 2,663,441 shares valued at $242,639,000. Further, Caisse DE Depot ET Placement DU Quebec lifted its position by 52.2%, holding 1,330,706 shares worth $121,227,000. Los Angeles Capital Management contributed significantly, boosting its holdings by 32,962.3% and currently owns 1,052,705 shares valued at $95,901,000. Notably, approximately 97.72% of NRG Energy's shares are currently held by hedge funds and institutional investors.

NRG Energy Company Profile

NRG Energy, Inc. operates as an integrated energy and home services company in both the United States and Canada. The company functions through several segments, including Texas; East; West/Services/Other; Vivint Smart Home; and Corporate Activities. NRG Energy is involved in the production and sale of electricity generated from various sources, including coal, oil, solar, and battery storage, as well as natural gas. Furthermore, the company offers a cloud-based home platform that encompasses hardware, software, sales, installation, customer service, technical support, and professional monitoring solutions.

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