NRG Energy Inc (NYSE:NRG) Director John C. Wilder, Jr. bought 1,200,000 shares of the business’s stock in a transaction that occurred on Thursday, March 16th. The stock was acquired at an average cost of $17.47 per share, with a total value of $20,964,000.00. Following the completion of the acquisition, the director now owns 8,060 shares of the company’s stock, valued at approximately $140,808.20. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
NRG Energy Inc (NYSE:NRG) opened at 18.33 on Tuesday. NRG Energy Inc has a 1-year low of $9.84 and a 1-year high of $18.56. The firm’s 50-day moving average is $17.00 and its 200 day moving average is $13.31. The stock’s market capitalization is $5.79 billion.
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A number of research analysts recently weighed in on the stock. Citigroup Inc raised shares of NRG Energy from a “neutral” rating to a “buy” rating and set a $20.00 target price for the company in a report on Friday, February 24th. Barclays PLC raised their target price on shares of NRG Energy from $16.00 to $18.00 and gave the company a “buy” rating in a report on Friday, January 20th. Zacks Investment Research lowered shares of NRG Energy from a “hold” rating to a “sell” rating in a report on Tuesday, January 17th. TheStreet raised shares of NRG Energy from a “d+” rating to a “c-” rating in a report on Wednesday, February 1st. Finally, Bank of America Corp lowered shares of NRG Energy from a “buy” rating to a “neutral” rating and set a $12.00 target price for the company. in a report on Tuesday, November 22nd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $16.83.
Hedge funds have recently modified their holdings of the stock. Elliott Management Corp bought a new stake in shares of NRG Energy during the fourth quarter valued at about $53,640,000. Janus Capital Management LLC boosted its stake in shares of NRG Energy by 23.7% in the fourth quarter. Janus Capital Management LLC now owns 6,809,687 shares of the company’s stock valued at $83,517,000 after buying an additional 1,306,675 shares during the last quarter. Luminus Management LLC bought a new stake in shares of NRG Energy during the fourth quarter valued at about $12,260,000. Bogle Investment Management L P DE bought a new stake in shares of NRG Energy during the fourth quarter valued at about $12,204,000. Finally, Alps Advisors Inc. boosted its stake in shares of NRG Energy by 50.9% in the third quarter. Alps Advisors Inc. now owns 2,662,535 shares of the company’s stock valued at $29,847,000 after buying an additional 897,804 shares during the last quarter. Institutional investors own 91.90% of the company’s stock.
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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