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

NRG Energy, Inc. (NYSE:NRG) CFO Bruce Chung sold 20,000 shares of the firm’s stock in a transaction on Monday, January 13th. The shares were 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 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

NRG Energy Stock Down 2.2 %

Shares of NRG opened at $97.23 on Tuesday. 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 business’s fifty day moving average price is $95.05 and its two-hundred day moving average price is $86.79. NRG Energy, Inc. has a 52 week low of $50.24 and a 52 week high of $103.14.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its position in shares of NRG Energy by 6.2% in the 3rd quarter. Geode Capital Management LLC now owns 5,399,098 shares of the utilities provider’s stock worth $494,225,000 after purchasing an additional 313,478 shares during the last quarter. Banco Santander S.A. boosted its position in shares of NRG Energy by 0.9% in the 3rd quarter. Banco Santander S.A. now owns 2,820,500 shares of the utilities provider’s stock worth $256,948,000 after purchasing an additional 24,834 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its position in shares of NRG Energy by 7.4% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,663,441 shares of the utilities provider’s stock worth $242,639,000 after purchasing an additional 182,481 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of NRG Energy by 52.2% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,330,706 shares of the utilities provider’s stock worth $121,227,000 after purchasing an additional 456,573 shares during the last quarter. Finally, Los Angeles Capital Management LLC boosted its position in shares of NRG Energy by 32,962.3% in the 3rd quarter. Los Angeles Capital Management LLC now owns 1,052,705 shares of the utilities provider’s stock worth $95,901,000 after purchasing an additional 1,049,521 shares during the last quarter. 97.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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