NRG Energy falls after LS Power's boosted $2.3 bln share sale

Electric utility NRG Energy's NRG.N shares down 5.8% at $165.33 before the bell after upsized $2.3 bln secondary offering prices

Houston, Texas-based NRG announces affiliates of LS Power offloaded 14.3 mln shares at $164

Offering size boosted from 12.3 mln shares and prices at 6.6% discount to last close

Selling shareholders received the shares from NRG as part of consideration for recently closed acquisition of LS Power's natural gas-generated power plants

Barclays and Citigroup joint bookrunners for offering, joined by JP Morgan and RBC

NRG has ~214.7 mln shares outstanding

Through Mon, shares up ~10% YTD. Stock hit record intraday high of $189.96 last Weds

Avg rating of 16 analysts is "buy"; median PT $203, per LSEG