rts logo

NRG Energy Inc. (NRG) Is Up 32.69% in 2024 With Lots of Room to Run

MQ Stock

NRG Energy Inc. (NYSE: NRG) is 32.69% higher on its value in year-to-date trading and has touched a low of $30.52 and a high of $70.19 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NRG stock was last observed hovering at around $70.15 in the last trading session, with the day’s loss setting it -1.55%.

Currently trading at $68.60, the stock is 6.81% and 19.18% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.16 million and changing -2.21% at the moment leaves the stock 49.98% off its SMA200. NRG registered 105.08% gain for a year compared to 6-month gain of 78.09%. The firm has a 50-day simple moving average (SMA 50) of $0.90 and a 200-day simple moving average (SMA200) of $14.62.

Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.

Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!

Get the FREE Report with all the details here.


Sponsored

The stock witnessed a 20.97% loss in the last 1 month and extending the period to 3 months gives it a 32.69%, and is 0.69% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.99% over the week and 2.93% over the month.

NRG Energy Inc. (NRG) has around 18131 employees, a market worth around $14.27B and $28.59B in sales. Fwd P/E is 9.97. Profit margin for the company is -0.90%. Distance from 52-week low is 124.77% and -2.27% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.94%).

NRG Energy Inc. quarterly earnings per share for the current quarter are estimated at $1.12 with sales reaching $7.81B over the same period.The EPS is expected to shrink by -1.81% this year, but quarterly earnings will post 3.70% year-over-year. Quarterly sales are estimated to grow 1.20% in year-over-year returns.

NRG Energy Inc. (NRG) Top Institutional Holders

860 institutions hold shares in NRG Energy Inc. (NRG), with institutional investors hold 103.88% of the company’s shares. The shares outstanding are 208.13M, and float is at 203.45M with Short Float at 7.51%. Institutions hold 102.36% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 30.06 million shares valued at $1.12 billion. The investor’s holdings represent 13.12% of the NRG Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 23.21 million shares valued at $867.79 million to account for 10.13% of the shares outstanding. The other top investors are State Street Corporation which holds 14.43 million shares representing 6.30% and valued at over $539.57 million, while Putnam Investments LLC holds 5.86% of the shares totaling 13.43 million with a market value of $502.06 million.

NRG Energy Inc. (NRG) Insider Activity

The most recent transaction is an insider sale by Killinger Elizabeth R,the company’sExec VP, NRG Home. SEC filings show that Killinger Elizabeth R sold 40,000 shares of the company’s common stock on Mar 15 ’24 at a price of $63.64 per share for a total of $2.55 million. Following the sale, the insider now owns 0.11 million shares.

NRG Energy Inc. disclosed in a document filed with the SEC on Mar 14 ’24 that Patel Rasesh M. (Exec VP, Smart Home) sold a total of 49,092 shares of the company’s common stock. The trade occurred on Mar 14 ’24 and was made at $62.59 per share for $3.07 million. Following the transaction, the insider now directly holds 0.36 million shares of the NRG stock.

Related Posts