NRG Energy, Inc. (NYSE:NRG) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund reduced its position in NRG Energy, Inc. (NYSE:NRG) by 6.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 133,192 shares of the utilities provider’s stock after selling 9,500 shares during the period. New York State Common Retirement Fund’s holdings in NRG Energy were worth $12,017,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. M&T Bank Corp lifted its position in shares of NRG Energy by 0.3% during the third quarter. M&T Bank Corp now owns 38,213 shares of the utilities provider’s stock worth $3,481,000 after purchasing an additional 113 shares during the last quarter. McIlrath & Eck LLC increased its stake in NRG Energy by 4.5% during the third quarter. McIlrath & Eck LLC now owns 2,630 shares of the utilities provider’s stock valued at $240,000 after purchasing an additional 113 shares during the last quarter. Mather Group LLC. raised its stake in NRG Energy by 18.4% during the fourth quarter. Mather Group LLC. now owns 803 shares of the utilities provider’s stock worth $72,000 after acquiring an additional 125 shares during the period. Grove Bank & Trust boosted its stake in NRG Energy by 29.7% in the fourth quarter. Grove Bank & Trust now owns 564 shares of the utilities provider’s stock valued at $51,000 after acquiring an additional 129 shares during the period. Finally, Hanseatic Management Services Inc. lifted its holdings in shares of NRG Energy by 12.0% in the 4th quarter. Hanseatic Management Services Inc. now owns 1,244 shares of the utilities provider’s stock worth $112,000 after purchasing an additional 133 shares during the last quarter. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

NRG Energy Trading Down 2.4 %

Shares of NRG stock opened at $103.39 on Tuesday. NRG Energy, Inc. has a fifty-two week low of $51.58 and a fifty-two week high of $115.38. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57. The stock has a 50-day simple moving average of $100.77 and a 200 day simple moving average of $93.08. The stock has a market capitalization of $20.94 billion, a P/E ratio of 25.98, a P/E/G ratio of 1.01 and a beta of 1.15.

NRG Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.70%. This is a boost from NRG Energy’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Monday, February 3rd. NRG Energy’s dividend payout ratio (DPR) is presently 44.22%.

Insider Buying and Selling

In related news, CFO Bruce Chung sold 20,000 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $97.63, for a total value of $1,952,600.00. Following the transaction, the chief financial officer now owns 69,454 shares in the company, valued at approximately $6,780,794.02. This represents a 22.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Robert J. Gaudette sold 60,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $91.41, for a total transaction of $5,484,600.00. Following the completion of the sale, the vice president now owns 64,448 shares of the company’s stock, valued at $5,891,191.68. The trade was a 48.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on NRG shares. Evercore ISI raised shares of NRG Energy from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $74.00 to $126.00 in a report on Tuesday, January 21st. Wells Fargo & Company raised their target price on NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Morgan Stanley increased their price target on NRG Energy from $86.00 to $99.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 19th. BMO Capital Markets lifted their price objective on shares of NRG Energy from $94.00 to $100.00 and gave the company a “market perform” rating in a research note on Tuesday, November 19th. Finally, Citigroup increased their target price on shares of NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $113.71.

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.