NRG Energy, Inc. (NYSE:NRG) Director Barry T. Smitherman acquired 2,541 shares of NRG Energy stock in a transaction that occurred on Monday, November 6th. The shares were purchased at an average cost of $28.38 per share, for a total transaction of $72,113.58. Following the purchase, the director now directly owns 49,000 shares of the company’s stock, valued at approximately $1,390,620. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

NRG Energy, Inc. (NYSE:NRG) traded up $0.53 during trading hours on Friday, reaching $28.35. 6,410,000 shares of the company’s stock were exchanged, compared to its average volume of 6,243,990. The company has a debt-to-equity ratio of 4.24, a quick ratio of 1.11 and a current ratio of 1.28. The stock has a market capitalization of $8,808.97, a P/E ratio of 20.61 and a beta of 1.25. NRG Energy, Inc. has a 12 month low of $10.75 and a 12 month high of $28.67.

NRG Energy (NYSE:NRG) last posted its quarterly earnings results on Thursday, November 2nd. The utilities provider reported $0.61 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.51). NRG Energy had a positive return on equity of 8.82% and a negative net margin of 13.48%. The company had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $3.28 billion. During the same period in the prior year, the business earned $1.27 EPS. The business’s revenue for the quarter was down 10.9% on a year-over-year basis.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date of this dividend is Tuesday, October 31st. NRG Energy’s dividend payout ratio is presently -2.35%.

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Several hedge funds have recently modified their holdings of NRG. Wellington Management Group LLP raised its stake in shares of NRG Energy by 329.5% in the 1st quarter. Wellington Management Group LLP now owns 188,133 shares of the utilities provider’s stock valued at $3,518,000 after acquiring an additional 144,330 shares during the period. Teachers Advisors LLC raised its stake in shares of NRG Energy by 91.2% in the 1st quarter. Teachers Advisors LLC now owns 750,909 shares of the utilities provider’s stock valued at $14,042,000 after acquiring an additional 358,187 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of NRG Energy by 7.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 20,724 shares of the utilities provider’s stock valued at $386,000 after acquiring an additional 1,409 shares during the period. Thrivent Financial For Lutherans raised its stake in shares of NRG Energy by 5.9% in the 1st quarter. Thrivent Financial For Lutherans now owns 11,560 shares of the utilities provider’s stock valued at $216,000 after acquiring an additional 640 shares during the period. Finally, Fox Run Management L.L.C. purchased a new position in shares of NRG Energy in the 2nd quarter valued at $472,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.

NRG has been the topic of several recent analyst reports. SunTrust Banks, Inc. reissued a “hold” rating and set a $25.00 price objective on shares of NRG Energy in a research note on Friday, October 20th. Zacks Investment Research raised shares of NRG Energy from a “sell” rating to a “hold” rating in a research note on Friday, October 27th. ValuEngine downgraded shares of NRG Energy from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 27th. Bank of America Corporation initiated coverage on shares of NRG Energy in a research note on Tuesday, October 24th. They set a “buy” rating and a $31.00 price objective on the stock. Finally, BidaskClub raised shares of NRG Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, August 16th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $24.67.

NRG Energy Company Profile

NRG Energy, Inc (NRG) is an integrated power company. The Company is engaged in producing, selling and delivering electricity and related products and services in various markets in the United States. The Company’s segments include Generation, Retail, Renewables, NRG Yield, Inc (NRG Yield) and Corporate activities.

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