Teacher Retirement System of Texas Cuts Stock Position in NRG Energy, Inc. $NRG

Key Points

• Teacher Retirement System of Texas trimmed its stake in NRG by 13.0%, selling 41,223 shares and leaving it with 276,091 shares valued at about $43.97 million (0.14% of the company).
• Q4 results missed on EPS ($1.04 vs. $1.19 expected) while revenue beat ($7.75B), and Wall Street sentiment remains largely positive with an average target of $198.29 and multiple Buy/Outperform ratings.
• NRG declared a quarterly dividend of $0.475 per share (annualized $1.90, yield ~1.2%, ex-dividend May 1); the stock was trading near $154.43 (up ~3.2%) with a market cap of about $33.13 billion.

Teacher Retirement System of Texas reduced its position in NRG Energy, Inc. (NYSE:NRG - Free Report) by 13.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 276,091 shares of the utilities provider's stock after selling 41,223 shares during the quarter. Teacher Retirement System of Texas owned 0.14% of NRG Energy worth $43,965,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Confluence Wealth Services Inc. lifted its stake in shares of NRG Energy by 1.7% in the 4th quarter. Confluence Wealth Services Inc. now owns 5,425 shares of the utilities provider's stock valued at $864,000 after acquiring an additional 90 shares during the last quarter. HB Wealth Management LLC lifted its stake in shares of NRG Energy by 6.4% in the 4th quarter. HB Wealth Management LLC now owns 7,282 shares of the utilities provider's stock valued at $1,160,000 after acquiring an additional 435 shares during the last quarter. Kingswood Wealth Advisors LLC lifted its stake in shares of NRG Energy by 21.7% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 1,870 shares of the utilities provider's stock valued at $298,000 after acquiring an additional 333 shares during the last quarter. M&T Bank Corp lifted its stake in shares of NRG Energy by 71.4% in the 4th quarter. M&T Bank Corp now owns 54,124 shares of the utilities provider's stock valued at $8,619,000 after acquiring an additional 22,542 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in shares of NRG Energy by 5.5% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 115,471 shares of the utilities provider's stock valued at $18,403,000 after acquiring an additional 5,993 shares during the last quarter. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

NRG Energy Stock Up 3.2%

Shares of NYSE:NRG opened at $154.43 on Friday. NRG Energy, Inc. has a 1 year low of $101.54 and a 1 year high of $189.96. The company has a market cap of $33.13 billion, a PE ratio of 39.20 and a beta of 1.35. The company has a debt-to-equity ratio of 15.92, a current ratio of 1.64 and a quick ratio of 1.58. The stock's 50-day moving average is $160.84 and its 200 day moving average is $161.13.

NRG Energy (NYSE:NRG - Get Free Report) last announced its quarterly earnings results on Tuesday, February 24th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.19 by ($0.15). NRG Energy had a net margin of 2.81% and a return on equity of 109.48%. The business had revenue of $7.75 billion for the quarter, compared to analysts' expectations of $6.68 billion. During the same quarter in the prior year, the firm earned $1.56 EPS. The firm's revenue for the quarter was up 13.7% on a year-over-year basis. Sell-side analysts anticipate that NRG Energy, Inc. will post 8.81 EPS for the current year.

NRG Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 1st will be given a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, May 1st. NRG Energy's payout ratio is presently 48.22%.

Wall Street Analyst Weigh In

NRG has been the subject of a number of recent analyst reports. BNP Paribas Exane initiated coverage on shares of NRG Energy in a report on Wednesday, March 18th. They set an "outperform" rating and a $232.00 price target for the company. Raymond James Financial reiterated a "strong-buy" rating and set a $225.00 price target on shares of NRG Energy in a report on Monday, February 23rd. Evercore initiated coverage on shares of NRG Energy in a report on Wednesday, February 25th. They set an "outperform" rating and a $215.00 price target for the company. Weiss Ratings lowered shares of NRG Energy from a "buy (b)" rating to a "hold (c+)" rating in a report on Thursday, February 26th. Finally, Barclays reduced their price target on NRG Energy from $203.00 to $200.00 and set an "overweight" rating on the stock in a report on Tuesday, March 31st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $198.29.

Insiders Place Their Bets

In other NRG Energy news, VP Virginia Kinney sold 5,000 shares of NRG Energy stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $156.65, for a total transaction of $783,250.00. Following the sale, the vice president directly owned 55,495 shares of the company's stock, valued at approximately $8,693,291.75. The trade was a 8.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.43% of the company's stock.

NRG Energy Company Profile

NRG Energy NYSE: NRG is a U.S.-based integrated power company headquartered in Houston, Texas. The company develops, owns and operates a diversified portfolio of power generation assets and participates in wholesale and retail energy markets. NRG supplies electricity to utilities, commercial and industrial customers, and retail consumers, while also providing energy-related products and services designed to manage consumption and support reliability.

NRG's generation mix includes conventional thermal plants as well as renewable and distributed energy resources.

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