Teacher Retirement System of Texas Trims Holdings in NRG Energy, Inc. (NYSE:NRG)

Teacher Retirement System of Texas lowered its position in NRG Energy, Inc. (NYSE:NRG - Free Report) by 55.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 402,309 shares of the utilities provider's stock after selling 501,956 shares during the period. Teacher Retirement System of Texas owned 0.20% of NRG Energy worth $38,404,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Banco Santander S.A. boosted its holdings in NRG Energy by 0.3% in the fourth quarter. Banco Santander S.A. now owns 2,828,000 shares of the utilities provider's stock worth $255,142,000 after acquiring an additional 7,500 shares in the last quarter. Northern Trust Corp boosted its holdings in NRG Energy by 16.1% in the fourth quarter. Northern Trust Corp now owns 2,282,672 shares of the utilities provider's stock worth $205,943,000 after acquiring an additional 316,445 shares in the last quarter. Appaloosa LP boosted its holdings in NRG Energy by 81.5% in the fourth 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 in the last quarter. Russell Investments Group Ltd. boosted its holdings in NRG Energy by 4.2% in the fourth 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. lifted its holdings in shares of 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 purchasing an additional 41,094 shares in the last quarter. Institutional investors own 97.72% of the company's stock.

Wall Street Analysts Forecast Growth

NRG has been the topic of several analyst reports. Wells Fargo & Company lifted their target price on NRG Energy from $165.00 to $200.00 and gave the company an "overweight" rating in a research report on Tuesday, May 13th. BMO Capital Markets reaffirmed a "market perform" rating and set a $167.00 target price (up previously from $115.00) on shares of NRG Energy in a research report on Wednesday, May 14th. Wall Street Zen raised NRG Energy from a "hold" rating to a "buy" rating in a research report on Friday, June 27th. Raymond James Financial initiated coverage on NRG Energy in a research report on Friday, June 13th. They set a "strong-buy" rating and a $195.00 target price on the stock. Finally, Barclays set a $197.00 target price on NRG Energy and gave the company an "overweight" rating in a research report on Thursday, June 26th. Two 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's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $151.80.

Insider Transactions at NRG Energy

In other news, Director Kevin Howell sold 50,000 shares of NRG Energy 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 directly owned 55,427 shares in the company, valued at approximately $8,563,471.50. The trade was a 47.43% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 Stock Performance

NRG Energy stock traded up $0.24 during mid-day trading on Monday, reaching $158.63. 1,929,173 shares of the company's stock were exchanged, compared to its average volume of 2,980,373. The business's fifty day simple moving average is $148.48 and its 200 day simple moving average is $116.51. The firm has a market capitalization of $31.01 billion, a PE ratio of 25.59, a P/E/G ratio of 1.26 and a beta of 1.13. NRG Energy, Inc. has a one year low of $65.11 and a one year high of $168.57. The company has a quick ratio of 1.02, a current ratio of 1.06 and a debt-to-equity ratio of 4.61.

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 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 business 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 earnings per share. The business's revenue for the quarter was up 15.6% on a year-over-year basis. On average, sell-side analysts expect that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend was Thursday, May 1st. NRG Energy's dividend payout ratio is currently 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.