California State Teachers Retirement System Trims Stock Position in NRG Energy, Inc. (NYSE:NRG)

California State Teachers Retirement System reduced its stake in NRG Energy, Inc. (NYSE:NRGFree Report) by 3.8% during the 4th quarter, HoldingsChannel reports. The firm owned 322,534 shares of the utilities provider’s stock after selling 12,672 shares during the period. California State Teachers Retirement System’s holdings in NRG Energy were worth $16,675,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. Crestline Management LP increased its stake in NRG Energy by 23.7% in the 4th quarter. Crestline Management LP now owns 33,778 shares of the utilities provider’s stock valued at $1,746,000 after buying an additional 6,478 shares during the period. Boulder Hill Capital Management LP purchased a new stake in shares of NRG Energy in the fourth quarter valued at about $595,000. Bank of Nova Scotia increased its stake in shares of NRG Energy by 46.9% during the fourth quarter. Bank of Nova Scotia now owns 20,013 shares of the utilities provider’s stock worth $1,035,000 after acquiring an additional 6,393 shares during the period. TFO Wealth Partners LLC raised its holdings in NRG Energy by 32,325.0% during the fourth quarter. TFO Wealth Partners LLC now owns 3,891 shares of the utilities provider’s stock worth $201,000 after purchasing an additional 3,879 shares in the last quarter. Finally, Weiss Asset Management LP acquired a new stake in NRG Energy in the fourth quarter valued at about $233,000. Institutional investors and hedge funds own 97.72% of the company’s stock.

Insider Buying and Selling

In related news, VP Rasesh M. Patel sold 49,092 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $62.59, for a total value of $3,072,668.28. Following the sale, the vice president now directly owns 356,962 shares in the company, valued at approximately $22,342,251.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other NRG Energy news, VP Rasesh M. Patel sold 49,092 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $62.59, for a total value of $3,072,668.28. Following the transaction, the vice president now directly owns 356,962 shares in the company, valued at approximately $22,342,251.58. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Rasesh M. Patel sold 24,546 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $83.41, for a total transaction of $2,047,381.86. Following the completion of the transaction, the insider now owns 266,064 shares in the company, valued at $22,192,398.24. The disclosure for this sale can be found here. Insiders own 0.86% of the company’s stock.

NRG Energy Price Performance

NRG Energy stock opened at $77.83 on Friday. NRG Energy, Inc. has a 52 week low of $32.88 and a 52 week high of $87.58. The company has a quick ratio of 0.95, a current ratio of 1.01 and a debt-to-equity ratio of 3.61. The firm’s 50-day simple moving average is $76.76 and its 200 day simple moving average is $61.58. The firm has a market capitalization of $16.23 billion, a PE ratio of 11.02 and a beta of 1.07.

NRG Energy (NYSE:NRGGet Free Report) last released its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $0.80 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.12). NRG Energy had a return on equity of 42.60% and a net margin of 5.76%. On average, equities research analysts predict that NRG Energy, Inc. will post 6.08 EPS for the current fiscal year.

NRG Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st were given a $0.4075 dividend. The ex-dividend date of this dividend was Tuesday, April 30th. This represents a $1.63 annualized dividend and a dividend yield of 2.09%. NRG Energy’s dividend payout ratio is presently 23.09%.

Analyst Ratings Changes

NRG has been the topic of several recent analyst reports. Citigroup boosted their target price on NRG Energy from $52.00 to $62.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Morgan Stanley upped their price objective on NRG Energy from $70.00 to $83.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 28th. Evercore ISI raised their target price on NRG Energy from $55.00 to $65.00 and gave the company an “in-line” rating in a report on Monday, March 18th. BMO Capital Markets upped their price target on shares of NRG Energy from $73.00 to $82.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 8th. Finally, Wells Fargo & Company increased their price target on shares of NRG Energy from $100.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday, May 15th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $68.00.

View Our Latest Report on NRG

NRG Energy Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NRG Energy (NYSE:NRG)

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