New York State Common Retirement Fund Increases Position in NRG Energy, Inc. (NYSE:NRG)

New York State Common Retirement Fund boosted its stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 22.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 162,892 shares of the utilities provider's stock after buying an additional 29,700 shares during the quarter. New York State Common Retirement Fund owned approximately 0.08% of NRG Energy worth $15,550,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Mutual of America Capital Management LLC lifted its holdings in NRG Energy by 34.2% during the 1st quarter. Mutual of America Capital Management LLC now owns 83,826 shares of the utilities provider's stock worth $8,002,000 after buying an additional 21,351 shares during the period. Ballentine Partners LLC lifted its holdings in NRG Energy by 5.5% during the 1st quarter. Ballentine Partners LLC now owns 3,734 shares of the utilities provider's stock worth $356,000 after buying an additional 194 shares during the period. Fortem Financial Group LLC lifted its holdings in NRG Energy by 6.8% during the 1st quarter. Fortem Financial Group LLC now owns 15,216 shares of the utilities provider's stock worth $1,453,000 after buying an additional 963 shares during the period. Diversify Wealth Management LLC lifted its holdings in NRG Energy by 30.9% during the 1st quarter. Diversify Wealth Management LLC now owns 31,802 shares of the utilities provider's stock worth $3,036,000 after buying an additional 7,515 shares during the period. Finally, WESPAC Advisors LLC bought a new position in shares of NRG Energy in the 1st quarter worth about $713,000. 97.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Raymond James Financial assumed coverage on NRG Energy in a research report on Friday, June 13th. They issued a "strong-buy" rating and a $195.00 price objective for the company. BMO Capital Markets reissued a "market perform" rating and issued a $167.00 price objective (up from $115.00) on shares of NRG Energy in a research report on Wednesday, May 14th. Wells Fargo & Company lifted their price objective on NRG Energy from $165.00 to $200.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 13th. Jefferies Financial Group lifted their price objective on NRG Energy from $113.00 to $132.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Finally, Wall Street Zen raised NRG Energy from a "hold" rating to a "buy" rating in a research report on Friday, June 27th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $160.30.

NRG Energy Stock Up 3.1%

NRG Energy stock traded up $4.59 during midday trading on Friday, reaching $151.97. The stock had a trading volume of 3,408,409 shares, compared to its average volume of 2,972,288. NRG Energy, Inc. has a 12 month low of $65.11 and a 12 month high of $168.57. The company has a market capitalization of $29.71 billion, a P/E ratio of 24.51, a PEG ratio of 1.15 and a beta of 1.13. The company has a fifty day moving average price of $153.92 and a two-hundred day moving average price of $119.31. The company has a current ratio of 1.06, a quick ratio of 1.02 and a debt-to-equity ratio of 4.61.

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

Insider Transactions at NRG Energy

In other NRG Energy news, Director Kevin Howell sold 50,000 shares of NRG Energy stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $154.50, for a total transaction of $7,725,000.00. Following the completion of the transaction, the director owned 55,427 shares in the company, valued at approximately $8,563,471.50. The trade was a 47.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.86% of the company's stock.

About NRG Energy

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.