Public Employees Retirement System of Ohio Raises Stake in NRG Energy, Inc. $NRG

Key Points

• The Public Employees Retirement System of Ohio increased its stake in NRG Energy by 6.9% to 155,608 shares, worth approximately $24.99 million.
• Insider transactions revealed that VP Dak Liyanearachchi sold 10,672 shares at an average price of $155.00, reducing their ownership by 18.01%.
• NRG Energy recently reported earnings of $1.68 EPS, missing estimates by $0.04, with total revenue of $6.74 billion for the quarter.

Public Employees Retirement System of Ohio lifted its position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 6.9% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 155,608 shares of the utilities provider's stock after purchasing an additional 10,047 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.08% of NRG Energy worth $24,988,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of NRG. Toth Financial Advisory Corp purchased a new stake in shares of NRG Energy during the 2nd quarter worth about $27,000. Zions Bancorporation National Association UT purchased a new stake in shares of NRG Energy during the 1st quarter worth about $28,000. Key Financial Inc purchased a new stake in shares of NRG Energy during the 1st quarter worth about $30,000. Evermay Wealth Management LLC purchased a new stake in shares of NRG Energy during the 1st quarter worth about $36,000. Finally, Park Square Financial Group LLC purchased a new stake in shares of NRG Energy during the 4th quarter worth about $53,000. Hedge funds and other institutional investors own 97.72% of the company's stock.

Insider Transactions at NRG Energy

In related news, VP Dak Liyanearachchi sold 10,672 shares of the firm's stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $155.00, for a total transaction of $1,654,160.00. Following the transaction, the vice president directly owned 48,571 shares in the company, valued at $7,528,505. This trade represents a 18.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.86% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

NRG has been the topic of several recent research reports. Wall Street Zen lowered NRG Energy from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Citigroup upped their price target on NRG Energy from $133.00 to $185.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Raymond James Financial initiated coverage on NRG Energy in a report on Friday, June 13th. They issued a "strong-buy" rating and a $195.00 price target for the company. Scotiabank initiated coverage on NRG Energy in a report on Monday. They issued a "sector outperform" rating and a $212.00 price target for the company. Finally, Barclays upped their price target on NRG Energy from $197.00 to $203.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $188.85.

NRG Energy Stock Performance

Shares of NRG opened at $165.97 on Thursday. The business's 50 day moving average is $155.67 and its two-hundred day moving average is $137.29. NRG Energy, Inc. has a 52-week low of $79.57 and a 52-week high of $175.96. The firm has a market cap of $32.10 billion, a price-to-earnings ratio of 75.10, a PEG ratio of 1.37 and a beta of 1.17. The company has a quick ratio of 0.88, a current ratio of 0.93 and a debt-to-equity ratio of 5.99.

NRG Energy (NYSE:NRG - Get Free Report) last announced its earnings results on Wednesday, August 6th. The utilities provider reported $1.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.72 by ($0.04). NRG Energy had a net margin of 1.78% and a return on equity of 88.22%. The business had revenue of $6.74 billion during the quarter, compared to analyst estimates of $6.63 billion. During the same period in the previous year, the company earned $3.37 earnings per share. The business's revenue for the quarter was up 1.2% on a year-over-year basis. Analysts forecast that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were paid a dividend of $0.44 per share. The ex-dividend date was Friday, August 1st. This represents a $1.76 annualized dividend and a yield of 1.1%. NRG Energy's dividend payout ratio (DPR) is 79.64%.

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.

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