NRG Energy, Inc. (NYSE:NRG) VP Christopher Moser Purchases 1,911 Shares

NRG Energy, Inc. (NYSE:NRG) VP Christopher Moser acquired 1,911 shares of the company’s stock in a transaction dated Monday, November 22nd. The stock was acquired at an average cost of $36.63 per share, with a total value of $69,999.93. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

NYSE:NRG opened at $37.26 on Thursday. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.21 and a quick ratio of 1.18. The business has a 50 day simple moving average of $39.68 and a 200-day simple moving average of $39.72. NRG Energy, Inc. has a 1 year low of $31.58 and a 1 year high of $46.10. The firm has a market capitalization of $9.12 billion, a price-to-earnings ratio of 3.74, a PEG ratio of 0.12 and a beta of 0.84.

NRG Energy (NYSE:NRG) last issued its quarterly earnings results on Thursday, November 4th. The utilities provider reported $6.60 earnings per share for the quarter, topping the consensus estimate of $2.08 by $4.52. NRG Energy had a return on equity of 80.94% and a net margin of 11.11%. The firm had revenue of $6.61 billion for the quarter, compared to the consensus estimate of $3.85 billion. During the same period in the prior year, the business posted $1.02 earnings per share. The company’s revenue for the quarter was up 135.3% on a year-over-year basis. As a group, analysts expect that NRG Energy, Inc. will post 6.68 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, November 15th. Stockholders of record on Monday, November 1st were issued a $0.325 dividend. The ex-dividend date was Friday, October 29th. This represents a $1.30 annualized dividend and a dividend yield of 3.49%. NRG Energy’s payout ratio is 13.04%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Van ECK Associates Corp purchased a new stake in shares of NRG Energy in the second quarter worth approximately $26,000. First Horizon Advisors Inc. increased its holdings in NRG Energy by 112.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 663 shares of the utilities provider’s stock worth $83,000 after purchasing an additional 351 shares during the period. Larson Financial Group LLC purchased a new position in shares of NRG Energy in the 3rd quarter valued at $28,000. Hexagon Capital Partners LLC increased its holdings in shares of NRG Energy by 68.2% in the 2nd quarter. Hexagon Capital Partners LLC now owns 720 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 292 shares during the period. Finally, Koshinski Asset Management Inc. acquired a new stake in shares of NRG Energy in the 3rd quarter worth $32,000. Hedge funds and other institutional investors own 97.91% of the company’s stock.

A number of equities analysts recently commented on the company. TheStreet raised NRG Energy from a “c+” rating to a “b” rating in a research note on Thursday, August 5th. Morgan Stanley increased their price target on NRG Energy from $47.00 to $48.00 and gave the company an “overweight” rating in a research note on Thursday, August 19th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, NRG Energy presently has an average rating of “Buy” and a consensus price target of $48.33.

NRG Energy Company Profile

NRG Energy, Inc engages in the production, sale, and distribution of energy and energy services. It operates through the following segments: Generation, Retail, and Corporate. The Generation segment includes all power plant activities, domestic and international, as well as renewables. The Retail segment includes mass customers and business solutions, and other distributed and reliability products.

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