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 stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $97.63, for a total transaction of $1,952,600.00. Following the transaction, the chief financial officer now directly owns 69,454 shares of the company’s stock, valued at $6,780,794.02. This represents a 22.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

NRG Energy Stock Up 4.3 %

Shares of NYSE:NRG opened at $104.07 on Thursday. The firm has a fifty day moving average price of $95.21 and a two-hundred day moving average price of $86.94. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. NRG Energy, Inc. has a one year low of $50.24 and a one year high of $104.92. The company has a market cap of $21.08 billion, a price-to-earnings ratio of 26.15, a PEG ratio of 1.29 and a beta of 1.15.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Hanseatic Management Services Inc. boosted its holdings in NRG Energy by 12.0% in the 4th quarter. Hanseatic Management Services Inc. now owns 1,244 shares of the utilities provider’s stock valued at $112,000 after purchasing an additional 133 shares during the period. Trust Co. of Vermont boosted its holdings in NRG Energy by 17.9% in the 4th quarter. Trust Co. of Vermont now owns 915 shares of the utilities provider’s stock valued at $83,000 after purchasing an additional 139 shares during the period. Arkadios Wealth Advisors boosted its holdings in NRG Energy by 8.9% in the 4th quarter. Arkadios Wealth Advisors now owns 5,828 shares of the utilities provider’s stock valued at $526,000 after purchasing an additional 475 shares during the period. TrueWealth Advisors LLC bought a new position in NRG Energy in the 4th quarter valued at $476,000. Finally, Procyon Advisors LLC raised its position in shares of NRG Energy by 9.0% during the 4th quarter. Procyon Advisors LLC now owns 34,513 shares of the utilities provider’s stock valued at $3,114,000 after buying an additional 2,845 shares in the last quarter. 97.72% of the stock is owned by institutional investors.

NRG Energy Company Profile

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.