NRG Energy, Inc. (NYSE:NRG) Stock Position Reduced by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its position in NRG Energy, Inc. (NYSE:NRG - Free Report) by 10.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 219,183 shares of the utilities provider's stock after selling 24,452 shares during the period. New York State Common Retirement Fund owned about 0.10% of NRG Energy worth $11,332,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in NRG. Blue Trust Inc. raised its holdings in NRG Energy by 35.4% during the fourth quarter. Blue Trust Inc. now owns 865 shares of the utilities provider's stock worth $45,000 after purchasing an additional 226 shares in the last quarter. Teacher Retirement System of Texas raised its holdings in NRG Energy by 1.5% during the third quarter. Teacher Retirement System of Texas now owns 17,828 shares of the utilities provider's stock worth $687,000 after purchasing an additional 270 shares in the last quarter. Signaturefd LLC raised its holdings in NRG Energy by 6.9% during the fourth quarter. Signaturefd LLC now owns 4,174 shares of the utilities provider's stock worth $216,000 after purchasing an additional 271 shares in the last quarter. Coldstream Capital Management Inc. raised its holdings in NRG Energy by 4.8% during the third quarter. Coldstream Capital Management Inc. now owns 6,371 shares of the utilities provider's stock worth $245,000 after purchasing an additional 290 shares in the last quarter. Finally, Van ECK Associates Corp raised its holdings in NRG Energy by 9.6% during the third quarter. Van ECK Associates Corp now owns 3,400 shares of the utilities provider's stock worth $131,000 after purchasing an additional 297 shares in the last quarter. 97.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Rasesh M. Patel sold 49,092 shares of the firm's stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $62.59, for a total transaction of $3,072,668.28. Following the sale, the vice president now owns 356,962 shares in the company, valued at $22,342,251.58. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.61% of the stock is owned by company insiders.

Analysts Set New Price Targets

NRG has been the subject of a number of research analyst reports. Morgan Stanley increased their target price on shares of NRG Energy from $51.00 to $63.00 and gave the company an "equal weight" rating in a report on Tuesday, March 26th. StockNews.com raised shares of NRG Energy from a "sell" rating to a "hold" rating in a report on Wednesday, March 6th. BMO Capital Markets increased their target price on shares of NRG Energy from $58.00 to $59.00 and gave the company a "market perform" rating in a report on Thursday, February 29th. Evercore ISI increased their target price on shares of NRG Energy from $55.00 to $65.00 and gave the company an "in-line" rating in a report on Monday, March 18th. Finally, Citigroup increased their target price on shares of NRG Energy from $52.00 to $62.00 and gave the company a "buy" rating in a report on Friday, March 1st. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, NRG Energy has an average rating of "Hold" and a consensus price target of $59.50.

NRG Energy Price Performance

Shares of NRG stock traded up $0.99 during trading hours on Wednesday, hitting $73.66. The company's stock had a trading volume of 2,253,139 shares, compared to its average volume of 3,585,536. The business has a fifty day moving average of $66.03 and a 200-day moving average of $54.82. The stock has a market cap of $15.82 billion, a price-to-earnings ratio of -67.78 and a beta of 1.13. NRG Energy, Inc. has a twelve month low of $30.52 and a twelve month high of $76.54. The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 4.49.

NRG Energy (NYSE:NRG - Get Free Report) last released its quarterly earnings results on Wednesday, February 28th. The utilities provider reported $1.14 EPS for the quarter, beating the consensus estimate of $0.94 by $0.20. The business had revenue of $6.81 billion for the quarter, compared to analyst estimates of $7.51 billion. NRG Energy had a negative net margin of 0.70% and a positive return on equity of 44.03%. As a group, equities research analysts anticipate that NRG Energy, Inc. will post 5.36 EPS for the current year.

NRG Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be given a dividend of $0.4075 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $1.63 dividend on an annualized basis and a yield of 2.21%. NRG Energy's dividend payout ratio (DPR) is currently -152.34%.

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.