NRG Energy, Inc. (NYSE:NRG) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System reduced its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 4.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 404,661 shares of the utilities provider’s stock after selling 16,737 shares during the quarter. California Public Employees Retirement System’s holdings in NRG Energy were worth $36,509,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. M&T Bank Corp increased 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 in the last quarter. McIlrath & Eck LLC increased its position in NRG Energy by 4.5% during the third quarter. McIlrath & Eck LLC now owns 2,630 shares of the utilities provider’s stock worth $240,000 after buying an additional 113 shares during the period. Schechter Investment Advisors LLC lifted its stake in NRG Energy by 0.8% in the fourth quarter. Schechter Investment Advisors LLC now owns 15,916 shares of the utilities provider’s stock valued at $1,436,000 after buying an additional 120 shares during the last quarter. Mather Group LLC. boosted its holdings in shares of NRG Energy by 18.4% in the fourth quarter. Mather Group LLC. now owns 803 shares of the utilities provider’s stock valued at $72,000 after acquiring an additional 125 shares during the period. Finally, Grove Bank & Trust increased its holdings in shares of NRG Energy by 29.7% in the 4th 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. 97.72% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NRG Energy

In related news, CFO Bruce Chung sold 20,000 shares of the business’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $97.63, for a total transaction of $1,952,600.00. Following the sale, the chief financial officer now owns 69,454 shares of the company’s stock, valued at approximately $6,780,794.02. The trade was a 22.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.86% of the company’s stock.

NRG Energy Stock Up 4.4 %

NRG opened at $102.90 on Thursday. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. NRG Energy, Inc. has a 12 month low of $65.11 and a 12 month high of $117.26. The stock has a market capitalization of $20.96 billion, a P/E ratio of 25.85, a P/E/G ratio of 1.01 and a beta of 1.13. The business has a 50 day simple moving average of $101.16 and a 200-day simple moving average of $96.08.

NRG Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were given a dividend of $0.44 per share. This is a positive change from NRG Energy’s previous quarterly dividend of $0.41. This represents a $1.76 annualized dividend and a dividend yield of 1.71%. The ex-dividend date was Monday, February 3rd. NRG Energy’s payout ratio is presently 35.92%.

Analysts Set New Price Targets

NRG has been the subject of a number of recent research reports. StockNews.com cut shares of NRG Energy from a “buy” rating to a “hold” rating in a research note on Saturday, March 8th. BMO Capital Markets raised their price target on NRG Energy from $100.00 to $115.00 and gave the stock a “market perform” rating in a report on Monday, March 3rd. Wells Fargo & Company upped their price objective on NRG Energy from $140.00 to $165.00 and gave the company an “overweight” rating in a research note on Thursday, February 27th. Morgan Stanley increased their price objective on NRG Energy from $86.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 19th. Finally, Evercore ISI upgraded NRG Energy from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $74.00 to $126.00 in a research note on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, NRG Energy currently has a consensus rating of “Moderate Buy” and an average price target of $123.29.

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.