NRG Energy Inc (NYSE:NRG)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $36.03 and last traded at $36.14, with a volume of 96019 shares changing hands. The stock had previously closed at $35.94.

A number of equities analysts have recently issued reports on NRG shares. Citigroup cut shares of NRG Energy from a “buy” rating to a “neutral” rating and set a $33.00 price objective for the company. in a research note on Monday, July 30th. Zacks Investment Research cut shares of NRG Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 26th. ValuEngine cut shares of NRG Energy from a “buy” rating to a “hold” rating in a research note on Thursday, May 17th. Finally, Bank of America dropped their price objective on shares of NRG Energy from $38.00 to $37.00 and set a “buy” rating for the company in a research note on Wednesday, July 25th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. NRG Energy presently has an average rating of “Buy” and an average target price of $35.80.

The company has a market cap of $10.74 billion, a PE ratio of 32.75 and a beta of 1.07. The company has a debt-to-equity ratio of 7.16, a quick ratio of 1.17 and a current ratio of 1.30.

NRG Energy (NYSE:NRG) last posted its earnings results on Thursday, August 2nd. The utilities provider reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.55). NRG Energy had a positive return on equity of 29.44% and a negative net margin of 9.30%. The firm had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.72 billion. During the same period in the previous year, the company posted $0.36 EPS. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. equities research analysts forecast that NRG Energy Inc will post 4.14 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 15th. Stockholders of record on Wednesday, August 1st were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.33%. The ex-dividend date of this dividend was Tuesday, July 31st. NRG Energy’s payout ratio is 11.01%.

In other news, SVP David Callen sold 9,200 shares of the company’s stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $33.21, for a total value of $305,532.00. Following the sale, the senior vice president now owns 39,759 shares of the company’s stock, valued at approximately $1,320,396.39. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Christopher Moser sold 43,975 shares of the company’s stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $35.11, for a total transaction of $1,543,962.25. Following the completion of the sale, the executive vice president now directly owns 61,075 shares in the company, valued at approximately $2,144,343.25. The disclosure for this sale can be found here. In the last ninety days, insiders sold 68,375 shares of company stock worth $2,383,622. 0.38% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of NRG. Guidant Wealth Advisors grew its holdings in NRG Energy by 9,972.7% during the 2nd quarter. Guidant Wealth Advisors now owns 2,216 shares of the utilities provider’s stock worth $109,000 after acquiring an additional 2,194 shares during the last quarter. Harvest Fund Management Co. Ltd grew its holdings in NRG Energy by 313.6% during the 2nd quarter. Harvest Fund Management Co. Ltd now owns 3,747 shares of the utilities provider’s stock worth $115,000 after acquiring an additional 2,841 shares during the last quarter. Whittier Trust Co. of Nevada Inc. bought a new stake in NRG Energy during the 2nd quarter worth about $130,000. IFP Advisors Inc grew its holdings in NRG Energy by 112.2% during the 1st quarter. IFP Advisors Inc now owns 4,352 shares of the utilities provider’s stock worth $133,000 after acquiring an additional 2,301 shares during the last quarter. Finally, Cerebellum GP LLC bought a new stake in NRG Energy during the 2nd quarter worth about $168,000. 98.90% of the stock is currently owned by institutional investors and hedge funds.

NRG Energy Company Profile (NYSE:NRG)

NRG Energy, Inc, together with its subsidiaries, operates as an integrated power company in the United States. The company is involved in the generation of electricity using fossil fuel and nuclear sources. The company provides electricity to 2.9 million residential, commercial, and industrial consumers; system power, distributed generation, solar and wind products, backup generation, storage and distributed solar, demand response, energy efficiency, and on-site energy solutions; and carbon management and specialty services.

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