NRG Energy Inc (NRG) Director John C. Wilder, Jr. Buys 1,200,000 Shares
NRG Energy Inc (NYSE:NRG) Director John C. Wilder, Jr. bought 1,200,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 16th. The shares were acquired at an average cost of $17.47 per share, for a total transaction of $20,964,000.00. Following the completion of the acquisition, the director now directly owns 8,060 shares in the company, valued at approximately $140,808.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
NRG Energy Inc (NYSE:NRG) traded up 0.914% during mid-day trading on Monday, reaching $18.225. The company had a trading volume of 3,076,453 shares. The stock has a 50-day moving average of $17.00 and a 200 day moving average of $13.31. NRG Energy Inc has a 12-month low of $9.84 and a 12-month high of $18.56. The company’s market capitalization is $5.76 billion.
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Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Elliott Management Corp bought a new position in NRG Energy during the fourth quarter worth $53,640,000. Janus Capital Management LLC raised its position in NRG Energy by 23.7% in the fourth quarter. Janus Capital Management LLC now owns 6,809,687 shares of the company’s stock worth $83,517,000 after buying an additional 1,306,675 shares in the last quarter. Luminus Management LLC bought a new position in NRG Energy during the fourth quarter worth $12,260,000. Bogle Investment Management L P DE bought a new position in NRG Energy during the fourth quarter worth $12,204,000. Finally, Alps Advisors Inc. raised its position in NRG Energy by 50.9% in the third quarter. Alps Advisors Inc. now owns 2,662,535 shares of the company’s stock worth $29,847,000 after buying an additional 897,804 shares in the last quarter. Institutional investors own 91.90% of the company’s stock.
A number of research analysts recently weighed in on the company. Zacks Investment Research raised NRG Energy from a “sell” rating to a “hold” rating in a report on Friday, February 17th. Barclays PLC boosted their target price on NRG Energy from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Friday, January 20th. Citigroup Inc raised NRG Energy from a “neutral” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Friday, February 24th. TheStreet raised NRG Energy from a “d+” rating to a “c-” rating in a report on Wednesday, February 1st. Finally, Morgan Stanley reissued an “overweight” rating on shares of NRG Energy in a report on Wednesday, December 21st. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. NRG Energy presently has an average rating of “Buy” and a consensus price target of $16.83.
About NRG Energy
NRG Energy, Inc (NRG) is an integrated power company that produces, sells and delivers energy, and energy products and services in various power markets in the United States. The Company’s segments include NRG Business, which includes power generation, the carbon capture business and energy services; NRG Home, which includes NRG Home Retail, which consists of residential retail services and products, and NRG Home Solar, which includes the installation and leasing of residential solar services; NRG Renew, which includes solar and wind assets, excluding those in the NRG Yield and NRG Home Solar segments; NRG Yield, and corporate activities.
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