Insider Selling: NRG Energy, Inc. (NYSE:NRG) CFO Sells 20,000 Shares of Stock

NRG Energy, Inc. (NYSE:NRG) CFO Bruce Chung sold 20,000 shares of the business’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $97.63, for a total value of $1,952,600.00. Following the sale, the chief financial officer now owns 69,454 shares in the company, valued at $6,780,794.02. This represents a 22.36 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

NRG Energy Trading Down 2.2 %

Shares of NYSE:NRG traded down $2.16 during midday trading on Monday, reaching $97.23. The company’s stock had a trading volume of 2,513,451 shares, compared to its average volume of 3,058,236. The firm has a market capitalization of $19.70 billion, a price-to-earnings ratio of 24.43, a PEG ratio of 1.29 and a beta of 1.15. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17. The firm has a 50 day moving average price of $95.05 and a two-hundred day moving average price of $86.79. NRG Energy, Inc. has a fifty-two week low of $50.24 and a fifty-two week high of $103.14.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Everence Capital Management Inc. acquired a new position in NRG Energy during the 4th quarter worth approximately $549,000. Luxor Capital Group LP raised its stake in NRG Energy by 47.8% during the 3rd quarter. Luxor Capital Group LP now owns 520,591 shares of the utilities provider’s stock worth $47,426,000 after buying an additional 168,267 shares during the period. Pine Valley Investments Ltd Liability Co raised its stake in NRG Energy by 25.1% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 50,027 shares of the utilities provider’s stock worth $4,557,000 after buying an additional 10,031 shares during the period. Bank of Hawaii raised its stake in NRG Energy by 95.5% during the 3rd quarter. Bank of Hawaii now owns 15,685 shares of the utilities provider’s stock worth $1,429,000 after buying an additional 7,662 shares during the period. Finally, CWA Asset Management Group LLC acquired a new position in NRG Energy during the 4th quarter worth approximately $1,340,000. 97.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on NRG shares. Citigroup boosted their price objective on NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Jefferies Financial Group upgraded NRG Energy from a “hold” rating to a “buy” rating and upped their price target for the company from $93.00 to $113.00 in a research report on Tuesday, November 26th. Guggenheim upped their price target on NRG Energy from $77.00 to $118.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Wells Fargo & Company upped their price target on NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Finally, BMO Capital Markets upped their price target on NRG Energy from $94.00 to $100.00 and gave the company a “market perform” rating in a research report on Tuesday, November 19th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, NRG Energy currently has an average rating of “Moderate Buy” and a consensus target price of $102.71.

About NRG Energy

NRG Energy, Inc, together with its subsidiaries, operates as an energy and home services company in the United States and Canada. It operates through Texas; East; West/Services/Other; Vivint Smart Home; and Corporate Activities segments. The company produces and sells electricity generated using coal, oil, solar, and battery storage; natural gas; and a cloud-based home platform, including hardware, software, sales, installation, customer service, technical support, and professional monitoring solutions.