NRG Energy, Inc. (NYSE:NRG) Shares Bought by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lifted its position in NRG Energy, Inc. (NYSE:NRG - Free Report) by 4.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 275,525 shares of the utilities provider's stock after acquiring an additional 10,491 shares during the period. Teachers Retirement System of The State of Kentucky owned 0.14% of NRG Energy worth $26,302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its holdings in NRG Energy by 99.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 413,911 shares of the utilities provider's stock worth $39,512,000 after buying an additional 206,096 shares during the period. Exchange Traded Concepts LLC increased its stake in shares of NRG Energy by 54.4% in the first quarter. Exchange Traded Concepts LLC now owns 6,215 shares of the utilities provider's stock worth $593,000 after acquiring an additional 2,190 shares during the period. State of Alaska Department of Revenue raised its holdings in shares of NRG Energy by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 23,728 shares of the utilities provider's stock worth $2,265,000 after purchasing an additional 630 shares during the last quarter. Graham Capital Management L.P. acquired a new position in NRG Energy during the fourth quarter valued at $276,000. Finally, Townsquare Capital LLC boosted its holdings in NRG Energy by 97.4% in the fourth quarter. Townsquare Capital LLC now owns 5,233 shares of the utilities provider's stock valued at $472,000 after purchasing an additional 2,582 shares during the last quarter. Hedge funds and other institutional investors own 97.72% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wells Fargo & Company boosted their price objective on NRG Energy from $165.00 to $200.00 and gave the company an "overweight" rating in a report on Tuesday, May 13th. Guggenheim upped their price objective on NRG Energy from $138.00 to $173.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Citigroup raised their price objective on shares of NRG Energy from $133.00 to $185.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. BMO Capital Markets reiterated a "market perform" rating and issued a $167.00 target price (up from $115.00) on shares of NRG Energy in a research note on Wednesday, May 14th. Finally, Barclays set a $197.00 price objective on shares of NRG Energy and gave the company an "overweight" rating in a report on Thursday, June 26th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $160.30.

NRG Energy Price Performance

NYSE NRG traded up $0.45 during mid-day trading on Tuesday, hitting $152.76. The stock had a trading volume of 1,450,959 shares, compared to its average volume of 2,963,624. The firm's 50 day moving average is $154.57 and its 200 day moving average is $120.13. The company has a debt-to-equity ratio of 4.61, a current ratio of 1.06 and a quick ratio of 1.02. The stock has a market capitalization of $29.87 billion, a price-to-earnings ratio of 24.64, a PEG ratio of 1.27 and a beta of 1.13. NRG Energy, Inc. has a twelve month low of $65.11 and a twelve month high of $168.57.

NRG Energy (NYSE:NRG - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The utilities provider reported $2.62 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $1.90. The firm 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%. NRG Energy's quarterly revenue was up 15.6% on a year-over-year basis. During the same period in the previous year, the business posted $2.31 earnings per share. Equities research analysts forecast that NRG Energy, Inc. will post 6.36 earnings per share for the current fiscal year.

Insider Activity at NRG Energy

In related news, Director Kevin Howell sold 50,000 shares of the company's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $154.50, for a total value of $7,725,000.00. Following the completion of the sale, the director owned 55,427 shares of the company's stock, valued at approximately $8,563,471.50. This represents a 47.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.61% of the stock is currently owned by corporate insiders.

About NRG Energy

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.