NRG Energy, Inc. $NRG Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lessened its holdings in NRG Energy, Inc. (NYSE:NRG) by 3.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 184,726 shares of the utilities provider’s stock after selling 6,851 shares during the period. New York State Teachers Retirement System’s holdings in NRG Energy were worth $29,416,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in the stock. Jennison Associates LLC lifted its stake in NRG Energy by 1.1% in the fourth quarter. Jennison Associates LLC now owns 510,565 shares of the utilities provider’s stock valued at $81,302,000 after buying an additional 5,436 shares during the last quarter. Wealth High Governance Capital Ltda lifted its stake in NRG Energy by 103.4% in the fourth quarter. Wealth High Governance Capital Ltda now owns 244,105 shares of the utilities provider’s stock valued at $38,871,000 after buying an additional 124,105 shares during the last quarter. Keybank National Association OH lifted its stake in NRG Energy by 4.4% in the fourth quarter. Keybank National Association OH now owns 2,141 shares of the utilities provider’s stock valued at $341,000 after buying an additional 91 shares during the last quarter. Caldwell Trust Co lifted its stake in NRG Energy by 7.5% in the fourth quarter. Caldwell Trust Co now owns 1,720 shares of the utilities provider’s stock valued at $274,000 after buying an additional 120 shares during the last quarter. Finally, Wealthfront Advisers LLC lifted its stake in NRG Energy by 4.1% in the fourth quarter. Wealthfront Advisers LLC now owns 7,571 shares of the utilities provider’s stock valued at $1,206,000 after buying an additional 301 shares during the last quarter. 97.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NRG has been the topic of a number of recent research reports. Evercore initiated coverage on NRG Energy in a research note on Wednesday, February 25th. They issued an “outperform” rating and a $215.00 target price on the stock. Wells Fargo & Company lifted their price objective on shares of NRG Energy from $202.00 to $206.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. Raymond James Financial set a $210.00 price objective on shares of NRG Energy in a research note on Monday, April 27th. Morgan Stanley set a $159.00 price objective on shares of NRG Energy in a research note on Friday. Finally, Jefferies Financial Group cut their price objective on shares of NRG Energy from $198.00 to $181.00 and set a “buy” rating on the stock in a research note on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, NRG Energy has an average rating of “Moderate Buy” and an average price target of $197.57.

Insider Buying and Selling

In other NRG Energy news, VP Virginia Kinney sold 5,000 shares of the business’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $156.65, for a total value of $783,250.00. Following the sale, the vice president directly owned 55,495 shares in the company, valued at approximately $8,693,291.75. The trade was a 8.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.43% of the company’s stock.

NRG Energy Price Performance

Shares of NRG Energy stock opened at $153.24 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.58 and a debt-to-equity ratio of 15.92. The company’s 50-day moving average price is $159.13 and its two-hundred day moving average price is $160.77. NRG Energy, Inc. has a 52 week low of $114.00 and a 52 week high of $189.96. The stock has a market cap of $32.88 billion, a PE ratio of 38.89 and a beta of 1.32.

NRG Energy (NYSE:NRG) last issued its quarterly earnings results on Tuesday, February 24th. The utilities provider reported $1.04 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.15). NRG Energy had a return on equity of 109.48% and a net margin of 2.81%.The business had revenue of $7.75 billion during the quarter, compared to the consensus estimate of $6.68 billion. During the same quarter last year, the firm posted $1.56 earnings per share. NRG Energy’s revenue was up 13.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that NRG Energy, Inc. will post 8.98 EPS for the current fiscal year.

NRG Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 1st will be given a $0.475 dividend. The ex-dividend date is Friday, May 1st. This represents a $1.90 annualized dividend and a yield of 1.2%. NRG Energy’s payout ratio is 48.22%.

About NRG Energy

NRG Energy (NYSE: NRG) is a U.S.-based integrated power company headquartered in Houston, Texas. The company develops, owns and operates a diversified portfolio of power generation assets and participates in wholesale and retail energy markets. NRG supplies electricity to utilities, commercial and industrial customers, and retail consumers, while also providing energy-related products and services designed to manage consumption and support reliability.

NRG’s generation mix includes conventional thermal plants as well as renewable and distributed energy resources.