Public Employees Retirement System of Ohio Reduces Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

Public Employees Retirement System of Ohio reduced its stake in NRG Energy, Inc. (NYSE:NRG - Free Report) by 31.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 96,043 shares of the utilities provider's stock after selling 45,053 shares during the period. Public Employees Retirement System of Ohio's holdings in NRG Energy were worth $8,665,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Janney Montgomery Scott LLC lifted its position in shares of NRG Energy by 34.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 13,094 shares of the utilities provider's stock worth $1,181,000 after buying an additional 3,329 shares in the last quarter. Brighton Jones LLC raised its stake in shares of NRG Energy by 41.8% in the fourth quarter. Brighton Jones LLC now owns 5,187 shares of the utilities provider's stock valued at $468,000 after acquiring an additional 1,528 shares during the period. PFG Investments LLC lifted its stake in NRG Energy by 2.5% in the fourth quarter. PFG Investments LLC now owns 8,433 shares of the utilities provider's stock worth $761,000 after purchasing an additional 205 shares during the last quarter. Kingswood Wealth Advisors LLC boosted its holdings in NRG Energy by 12.6% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 22,646 shares of the utilities provider's stock valued at $2,043,000 after acquiring an additional 2,531 shares during the period. Finally, Blue Trust Inc. increased its stake in NRG Energy by 58.4% in the fourth quarter. Blue Trust Inc. now owns 4,492 shares of the utilities provider's stock worth $409,000 after purchasing an additional 1,657 shares during the period. Hedge funds and other institutional investors own 97.72% of the company's stock.

Analyst Upgrades and Downgrades

NRG has been the subject of several research reports. Guggenheim boosted their price objective on shares of NRG Energy from $138.00 to $173.00 and gave the company a "buy" rating in a research report on Tuesday, May 13th. Morgan Stanley lifted their target price on NRG Energy from $86.00 to $99.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 19th. The Goldman Sachs Group started coverage on NRG Energy in a report on Friday, April 4th. They issued a "buy" rating and a $129.00 target price for the company. Wells Fargo & Company raised their price target on NRG Energy from $165.00 to $200.00 and gave the company an "overweight" rating in a research note on Tuesday, May 13th. Finally, BMO Capital Markets reaffirmed a "market perform" rating and issued a $167.00 price objective (up from $115.00) on shares of NRG Energy in a research note on Wednesday, May 14th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to 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%

Shares of NRG traded up $1.37 during trading hours on Friday, hitting $155.84. The company had a trading volume of 3,719,385 shares, compared to its average volume of 3,028,240. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. The company has a market capitalization of $30.47 billion, a PE ratio of 39.16, a price-to-earnings-growth ratio of 1.01 and a beta of 1.00. NRG Energy, Inc. has a one year low of $65.11 and a one year high of $161.78. The company's fifty day moving average price is $116.78 and its two-hundred day moving average price is $105.05.

NRG Energy (NYSE:NRG - Get Free Report) last announced its earnings results on Monday, May 12th. The utilities provider reported $2.62 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $1.90. The business had revenue of $8.59 billion during the quarter, compared to the consensus estimate of $8.28 billion. NRG Energy had a net margin of 3.43% and a return on equity of 48.96%. The firm's revenue was up 15.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.31 earnings per share. As a group, 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 announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were given a dividend of $0.44 per share. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $1.76 dividend on an annualized basis and a yield of 1.13%. 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.