NRG Energy, Inc. (NYSE:NRG) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 9.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 199,749 shares of the utilities provider's stock after selling 20,952 shares during the period. New York State Teachers Retirement System owned 0.10% of NRG Energy worth $19,068,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new position in shares of NRG Energy in the 4th quarter valued at $32,000. Mizuho Bank Ltd. acquired a new position in NRG Energy in the fourth quarter valued at $41,000. Larson Financial Group LLC raised its holdings in shares of NRG Energy by 221.0% in the fourth quarter. Larson Financial Group LLC now owns 504 shares of the utilities provider's stock valued at $45,000 after buying an additional 347 shares during the last quarter. CIBC Private Wealth Group LLC boosted its stake in shares of NRG Energy by 64.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 521 shares of the utilities provider's stock worth $51,000 after buying an additional 205 shares during the period. Finally, Park Square Financial Group LLC purchased a new position in shares of NRG Energy during the fourth quarter worth about $53,000. Hedge funds and other institutional investors own 97.72% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on NRG. The Goldman Sachs Group started coverage on NRG Energy in a research note on Friday, April 4th. They set a "buy" rating and a $129.00 price objective for the company. Raymond James Financial started coverage on NRG Energy in a research note on Friday, June 13th. They set a "strong-buy" rating and a $195.00 price target for the company. BMO Capital Markets reiterated 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. 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, Wall Street Zen raised shares of NRG Energy from a "hold" rating to a "buy" rating in a report on Friday, June 27th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $151.80.

Insider Buying and Selling

In other news, Director Kevin Howell sold 50,000 shares of the firm's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $154.50, for a total value of $7,725,000.00. Following the completion of the transaction, the director owned 55,427 shares in the company, valued at $8,563,471.50. This trade represents a 47.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.86% of the company's stock.

NRG Energy Price Performance

Shares of NYSE:NRG traded up $3.21 on Friday, reaching $158.75. 2,106,109 shares of the company were exchanged, compared to its average volume of 2,981,023. The company has a 50-day moving average of $147.49 and a 200-day moving average of $115.66. The company has a current ratio of 1.06, a quick ratio of 1.02 and a debt-to-equity ratio of 4.61. The firm has a market cap of $31.04 billion, a price-to-earnings ratio of 25.60, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13. NRG Energy, Inc. has a 1-year low of $65.11 and a 1-year high of $168.57.

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

NRG Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were issued a dividend of $0.44 per share. The ex-dividend date was Thursday, May 1st. This represents a $1.76 annualized dividend and a yield of 1.11%. NRG Energy's dividend payout ratio is presently 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.