Illinois Municipal Retirement Fund Has $6.06 Million Stock Position in NRG Energy, Inc. (NYSE:NRG)

Illinois Municipal Retirement Fund trimmed its stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 17.0% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 63,528 shares of the utilities provider's stock after selling 13,016 shares during the quarter. Illinois Municipal Retirement Fund's holdings in NRG Energy were worth $6,064,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Banco Santander S.A. lifted its position in NRG Energy by 0.3% during the fourth quarter. Banco Santander S.A. now owns 2,828,000 shares of the utilities provider's stock worth $255,142,000 after purchasing an additional 7,500 shares during the period. Northern Trust Corp raised its position in shares of NRG Energy by 16.1% in the 4th quarter. Northern Trust Corp now owns 2,282,672 shares of the utilities provider's stock valued at $205,943,000 after buying an additional 316,445 shares in the last quarter. Appaloosa LP lifted its holdings in shares of NRG Energy by 81.5% during the 4th quarter. Appaloosa LP now owns 1,815,000 shares of the utilities provider's stock worth $163,749,000 after acquiring an additional 815,180 shares during the period. Russell Investments Group Ltd. boosted its position in shares of NRG Energy by 4.2% during the 4th quarter. Russell Investments Group Ltd. now owns 1,414,186 shares of the utilities provider's stock worth $127,614,000 after acquiring an additional 56,944 shares in the last quarter. Finally, Prudential Financial Inc. increased its stake in NRG Energy by 3.1% in the fourth quarter. Prudential Financial Inc. now owns 1,374,245 shares of the utilities provider's stock valued at $123,984,000 after acquiring an additional 41,094 shares during the last quarter. 97.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Guggenheim upped their target price on NRG Energy from $138.00 to $173.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. Raymond James Financial began coverage on shares of NRG Energy in a report on Friday, June 13th. They issued a "strong-buy" rating and a $195.00 target price for the company. Wells Fargo & Company raised their price target on shares of NRG Energy from $165.00 to $200.00 and gave the company an "overweight" rating in a research note on Tuesday, May 13th. Jefferies Financial Group upped their price objective on shares of NRG Energy from $113.00 to $132.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Finally, The Goldman Sachs Group began coverage on shares of NRG Energy in a research report on Friday, April 4th. They issued a "buy" rating and a $129.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $151.80.

NRG Energy Trading Down 2.9%

Shares of NYSE:NRG traded down $4.60 during trading on Tuesday, reaching $155.98. The stock had a trading volume of 3,566,406 shares, compared to its average volume of 2,974,803. NRG Energy, Inc. has a 52 week low of $65.11 and a 52 week high of $168.57. The company has a debt-to-equity ratio of 4.61, a quick ratio of 1.02 and a current ratio of 1.06. The firm's fifty day moving average is $144.37 and its 200 day moving average is $114.47. The stock has a market cap of $30.50 billion, a price-to-earnings ratio of 25.16, a P/E/G ratio of 1.28 and a beta of 1.13.

NRG Energy (NYSE:NRG - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The utilities provider reported $2.62 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $1.90. NRG Energy had a return on equity of 73.78% and a net margin of 4.66%. The firm had revenue of $8.59 billion during the quarter, compared to the consensus estimate of $8.28 billion. During the same period last year, the business posted $2.31 EPS. The business's revenue was up 15.6% compared to the same quarter last year. As a group, equities analysts forecast that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The firm also recently declared 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. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date was Thursday, May 1st. NRG Energy's payout ratio is 28.39%.

Insider Buying and Selling at NRG Energy

In related news, Director Kevin Howell sold 50,000 shares of the stock in a transaction on Friday, May 30th. The shares were sold at an average price of $154.50, for a total transaction of $7,725,000.00. Following the transaction, the director directly owned 55,427 shares of the company's stock, valued at $8,563,471.50. This represents a 47.43% 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 the SEC website. 0.61% of the stock is owned by corporate insiders.

NRG Energy Company 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.