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| Bag This Bargain Energy Stock Even Cheaper Than Exec VP, Operations Moser DidBy Energy Stock Channel Staff, Monday, November 29, 10:53 AM ET
There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on November 22, NRG Energy Inc's Exec VP, Operations, Christopher Moser, invested $69,999.93 into 1,911 shares of NRG, for a cost per share of $36.63. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. In trading on Monday, bargain hunters could buy shares of NRG Energy Inc (NYSE:NRG) and achieve a cost basis even cheaper than Moser, with shares changing hands as low as $36.37 per share. NRG Energy Inc shares are currently trading up about 0.5% on the day. The chart below shows the one year performance of NRG shares, versus its 200 day moving average:
Looking at the chart above, NRG's low point in its 52 week range is $31.94 per share, with $46.10 as the 52 week high point — that compares with a last trade of $36.41. By comparison, below is a table showing the prices at which NRG insider buying was recorded over the last six months:
The current annualized dividend paid by NRG Energy Inc is $1.3/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 10/29/2021. Below is a long-term dividend history chart for NRG, which can be of good help in judging whether the most recent dividend with approx. 3.6% annualized yield is likely to continue.
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