NRG Energy Inc (NYSE: NRG) is 79.23% higher on its value in year-to-date trading and has touched a low of $44.90 and a high of $102.84 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 $94.28 in the last trading session, with the day’s loss setting it -1.62%.
Currently trading at $92.66, the stock is 3.33% and 5.70% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.97 million and changing -1.72% at the moment leaves the stock 21.85% off its SMA200. NRG registered 103.42% gain for a year compared to 6-month gain of 12.89%. The firm has a 50-day simple moving average (SMA 50) of $87.6594 and a 200-day simple moving average (SMA200) of $76.0444.
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The stock witnessed a 2.86% loss in the last 1 month and extending the period to 3 months gives it a 12.48%, and is 1.55% 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 5.49% over the week and 3.77% over the month.
NRG Energy Inc (NRG) has around 18131 employees, a market worth around $18.77B and $28.07B in sales. Current P/E ratio is 22.44 and Fwd P/E is 13.24. Profit margin for the company is 3.20%. Distance from 52-week low is 106.37% and -9.90% from its 52-week high. The company has generated returns on investments over the last 12 months (6.86%).
with sales reaching $7.36B over the same period.The EPS is expected to grow by 8.16% this year, but quarterly earnings will post 7.10% year-over-year. Quarterly sales are estimated to grow 8.10% in year-over-year returns.
NRG Energy Inc (NRG) Top Institutional Holders
1093.0 institutions hold shares in NRG Energy Inc (NRG), with institutional investors hold 105.53% of the company’s shares. The shares outstanding are 208.13M, and float is at 201.78M with Short Float at 4.49%. Institutions hold 102.51% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 27.36 million shares valued at $2.13 billion. The investor’s holdings represent 13.0917% of the NRG Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 19.35 million shares valued at $1.51 billion to account for 9.2593 of the shares outstanding. The other top investors are FRANKLIN RESOURCES INC which holds 11.93 million shares representing 5.7102% and valued at over $929.2 million, while STATE STREET CORP holds 5.0258 of the shares totaling 10.5 million with a market value of $817.83 million.
NRG Energy Inc (NRG) Insider Activity
The most recent transaction is an insider sale by Patel Rasesh M., the company’s President, NRG Consumer. SEC filings show that Patel Rasesh M. sold 102,603 shares of the company’s common stock on Sep 13 ’24 at a price of $80.35 per share for a total of $8.24 million. Following the sale, the insider now owns 0.16 million shares.
NRG Energy Inc disclosed in a document filed with the SEC on May 17 ’24 that Patel Rasesh M. (President, NRG Consumer) sold a total of 24,546 shares of the company’s common stock. The trade occurred on May 17 ’24 and was made at $83.41 per share for $2.05 million. Following the transaction, the insider now directly holds 0.27 million shares of the NRG stock.
Still, SEC filings show that on Mar 14 ’24, Patel Rasesh M. (Exec VP, Smart Home) disposed off 49,092 shares at an average price of $62.59 for $3.07 million. The insider now directly holds 356,962 shares of NRG Energy Inc (NRG).
