Teachers Retirement System of The State of Kentucky Lowers Holdings in NRG Energy, Inc. (NYSE:NRG)

Teachers Retirement System of The State of Kentucky cut its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 14.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 286,479 shares of the utilities provider’s stock after selling 48,357 shares during the quarter. Teachers Retirement System of The State of Kentucky owned 0.14% of NRG Energy worth $26,098,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of NRG. Banco Santander S.A. purchased a new stake in NRG Energy during the 2nd quarter worth about $217,671,000. Los Angeles Capital Management LLC increased its stake in shares of NRG Energy by 32,962.3% during the third quarter. Los Angeles Capital Management LLC now owns 1,052,705 shares of the utilities provider’s stock worth $95,901,000 after buying an additional 1,049,521 shares during the period. Fred Alger Management LLC purchased a new position in NRG Energy in the second quarter worth approximately $53,773,000. Assenagon Asset Management S.A. grew its holdings in NRG Energy by 65.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,596,684 shares of the utilities provider’s stock worth $124,318,000 after acquiring an additional 633,765 shares in the last quarter. Finally, Bridgewater Associates LP raised its holdings in shares of NRG Energy by 352.9% in the 3rd quarter. Bridgewater Associates LP now owns 804,801 shares of the utilities provider’s stock valued at $73,317,000 after purchasing an additional 627,121 shares in the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.

Insider Buying and Selling at NRG Energy

In other NRG Energy news, insider Rasesh M. Patel sold 102,603 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $80.35, for a total value of $8,244,151.05. Following the transaction, the insider now directly owns 163,680 shares of the company’s stock, valued at approximately $13,151,688. The trade was a 38.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.86% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms recently commented on NRG. Guggenheim increased their target price on NRG Energy from $77.00 to $118.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Jefferies Financial Group raised NRG Energy from a “hold” rating to a “buy” rating and raised their target price for the stock from $93.00 to $113.00 in a research report on Tuesday, November 26th. StockNews.com lowered shares of NRG Energy from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Citigroup boosted their price objective on shares of NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, BMO Capital Markets lifted their price target on shares of NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $102.71.

NRG Energy Stock Down 2.4 %

Shares of NYSE:NRG opened at $93.73 on Wednesday. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. The stock has a market cap of $18.99 billion, a P/E ratio of 23.55, a P/E/G ratio of 1.35 and a beta of 1.12. NRG Energy, Inc. has a 1-year low of $47.60 and a 1-year high of $103.14. The firm has a fifty day moving average price of $92.83 and a 200 day moving average price of $84.52.

NRG Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were given a $0.4075 dividend. This represents a $1.63 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend was Friday, November 1st. NRG Energy’s dividend payout ratio (DPR) is presently 40.95%.

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.