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

NRG Energy, Inc. (NYSE:NRGGet Free Report) CFO Bruce Chung sold 20,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 69,454 shares in the company, valued at approximately $6,780,794.02. This trade represents a 22.36 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

NRG Energy Price Performance

Shares of NYSE:NRG opened at $99.69 on Wednesday. The stock has a market cap of $20.19 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 1.29 and a beta of 1.15. 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 12 month low of $50.24 and a 12 month high of $103.14. The stock’s 50 day moving average price is $95.05 and its 200 day moving average price is $86.79.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on NRG shares. Citigroup increased their target price 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 shares of NRG Energy from a “hold” rating to a “buy” rating and lifted their price objective for the company from $93.00 to $113.00 in a research report on Tuesday, November 26th. BMO Capital Markets upped their target price on shares of NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 19th. Wells Fargo & Company lifted 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, Guggenheim increased their price objective on NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $102.71.

View Our Latest Research Report on NRG Energy

Institutional Trading of NRG Energy

Several institutional investors have recently modified their holdings of the company. M&T Bank Corp grew its holdings in NRG Energy by 0.3% during the third quarter. M&T Bank Corp now owns 38,213 shares of the utilities provider’s stock worth $3,481,000 after acquiring an additional 113 shares during the period. McIlrath & Eck LLC raised its holdings in shares of NRG Energy by 4.5% in the 3rd quarter. McIlrath & Eck LLC now owns 2,630 shares of the utilities provider’s stock worth $240,000 after purchasing an additional 113 shares in the last quarter. Castle Rock Wealth Management LLC lifted its stake in NRG Energy by 3.5% during the third quarter. Castle Rock Wealth Management LLC now owns 3,746 shares of the utilities provider’s stock valued at $356,000 after purchasing an additional 126 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in NRG Energy by 2.8% during the third quarter. Park Avenue Securities LLC now owns 4,910 shares of the utilities provider’s stock worth $447,000 after buying an additional 134 shares in the last quarter. Finally, Covestor Ltd grew its position in NRG Energy by 74.7% in the third quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock worth $30,000 after buying an additional 139 shares during the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.

NRG Energy Company Profile

(Get Free Report)

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.

See Also

Receive News & Ratings for NRG Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NRG Energy and related companies with MarketBeat.com's FREE daily email newsletter.