California State Teachers Retirement System Cuts Stake in NRG Energy, Inc. (NYSE:NRG)

California State Teachers Retirement System lessened its holdings in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 5.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 246,079 shares of the utilities provider's stock after selling 13,949 shares during the quarter. California State Teachers Retirement System owned approximately 0.12% of NRG Energy worth $22,201,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. acquired a new stake in shares of NRG Energy during the fourth quarter worth about $32,000. Mizuho Bank Ltd. acquired a new position in NRG Energy in the fourth quarter valued at $41,000. Princeton Global Asset Management LLC increased its holdings in shares of NRG Energy by 414.9% in the fourth quarter. Princeton Global Asset Management LLC now owns 484 shares of the utilities provider's stock valued at $44,000 after purchasing an additional 390 shares during the period. Larson Financial Group LLC increased its stake in shares of NRG Energy by 221.0% during the fourth quarter. Larson Financial Group LLC now owns 504 shares of the utilities provider's stock worth $45,000 after acquiring an additional 347 shares during the period. Finally, CIBC Private Wealth Group LLC grew its stake in shares of NRG Energy by 64.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 521 shares of the utilities provider's stock worth $51,000 after purchasing an additional 205 shares during the period. Institutional investors and hedge funds own 97.72% of the company's stock.

Analyst Ratings Changes

NRG has been the topic of a number of analyst reports. Jefferies Financial Group increased their target price on NRG Energy from $113.00 to $132.00 and gave the company a "buy" rating in a report on Monday, May 5th. Wells Fargo & Company lifted their price target on shares of NRG Energy from $165.00 to $200.00 and gave the company an "overweight" rating in a research report on Tuesday, May 13th. The Goldman Sachs Group began coverage on shares of NRG Energy in a research report on Friday, April 4th. They set a "buy" rating and a $129.00 target price on the stock. Guggenheim upped their target price on shares of NRG Energy from $138.00 to $173.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Finally, Wall Street Zen lowered NRG Energy from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $140.75.

NRG Energy Stock Up 0.9%

NRG Energy stock traded up $1.47 during midday trading on Tuesday, reaching $159.96. The stock had a trading volume of 1,459,704 shares, compared to its average volume of 3,009,868. The stock has a market capitalization of $31.27 billion, a P/E ratio of 40.19, a price-to-earnings-growth ratio of 1.01 and a beta of 1.00. The firm's fifty day simple moving average is $119.08 and its 200-day simple moving average is $106.14. NRG Energy, Inc. has a 1-year low of $65.11 and a 1-year high of $164.75. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17.

NRG Energy (NYSE:NRG - Get Free Report) last released its earnings results on Monday, May 12th. The utilities provider reported $2.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $1.90. NRG Energy had a return on equity of 48.96% and a net margin of 3.43%. The company had revenue of $8.59 billion for the quarter, compared to analyst estimates of $8.28 billion. During the same period in the prior year, the firm posted $2.31 EPS. NRG Energy's quarterly revenue was up 15.6% on a year-over-year basis. As a group, analysts expect that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were issued a dividend of $0.44 per share. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $1.76 annualized dividend and a yield of 1.10%. NRG Energy's payout ratio is 28.39%.

NRG Energy Profile

NRG Energy, Inc, together with its subsidiaries, operates as an energy and home services company in the United States and Canada. It operates through Texas; East; West/Services/Other; Vivint Smart Home; and Corporate Activities segments. The company produces and sells electricity generated using coal, oil, solar, and battery storage; natural gas; and a cloud-based home platform, including hardware, software, sales, installation, customer service, technical support, and professional monitoring solutions.