Teacher Retirement System of Texas Has $4,025,000 Position in NRG Energy Inc. (NRG)
Teacher Retirement System of Texas boosted its stake in shares of NRG Energy Inc. (NYSE:NRG) by 1,469.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 268,493 shares of the company’s stock after buying an additional 251,384 shares during the period. Teacher Retirement System of Texas owned 0.09% of NRG Energy worth $4,025,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in NRG. Geode Capital Management LLC increased its position in shares of NRG Energy by 1.0% in the first quarter. Geode Capital Management LLC now owns 2,562,516 shares of the company’s stock worth $33,269,000 after buying an additional 26,194 shares in the last quarter. BlackRock Fund Advisors increased its position in shares of NRG Energy by 1.9% in the first quarter. BlackRock Fund Advisors now owns 5,196,524 shares of the company’s stock worth $67,607,000 after buying an additional 96,569 shares in the last quarter. M&T Bank Corp bought a new position in shares of NRG Energy during the first quarter worth $202,000. Renaissance Technologies LLC increased its position in shares of NRG Energy by 387.0% in the first quarter. Renaissance Technologies LLC now owns 2,470,716 shares of the company’s stock worth $32,144,000 after buying an additional 1,963,400 shares in the last quarter. Finally, Washington Trust Bank increased its position in shares of NRG Energy by 0.8% in the second quarter. Washington Trust Bank now owns 104,553 shares of the company’s stock worth $1,567,000 after buying an additional 880 shares in the last quarter. 96.17% of the stock is owned by hedge funds and other institutional investors.
Shares of NRG Energy Inc. (NYSE:NRG) traded up 2.05% on Tuesday, reaching $11.45. 4,157,948 shares of the company were exchanged. The company’s 50-day moving average price is $12.41 and its 200 day moving average price is $14.00. The company’s market cap is $3.61 billion. NRG Energy Inc. has a 12 month low of $8.80 and a 12 month high of $18.32.
NRG Energy (NYSE:NRG) last posted its quarterly earnings results on Tuesday, August 9th. The company reported ($0.61) earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by $0.76. NRG Energy had a negative net margin of 48.33% and a positive return on equity of 3.12%. The company earned $2.64 billion during the quarter, compared to analyst estimates of $3.54 billion. During the same quarter in the previous year, the business posted ($0.06) earnings per share. The company’s revenue for the quarter was down 22.4% on a year-over-year basis. On average, equities research analysts expect that NRG Energy Inc. will post $0.82 EPS for the current year.
A number of equities analysts have weighed in on NRG shares. Barclays PLC dropped their target price on shares of NRG Energy from $20.00 to $18.00 and set an “overweight” rating for the company in a research note on Wednesday, August 10th. Zacks Investment Research downgraded shares of NRG Energy from a “buy” rating to a “hold” rating in a research note on Thursday, July 21st. Citigroup Inc. reaffirmed a “sell” rating and issued a $14.00 target price (up from $13.00) on shares of NRG Energy in a research note on Friday, June 10th. TheStreet downgraded shares of NRG Energy from a “hold” rating to a “sell” rating in a research note on Thursday, September 8th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $21.00 target price on shares of NRG Energy in a research note on Wednesday, August 10th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $19.76.
About NRG Energy
NRG Energy, Inc (NRG) is an integrated power company that produces, sells and delivers energy, and energy products and services in various power markets in the United States. The Company’s segments include NRG Business, which includes power generation, the carbon capture business and energy services; NRG Home, which includes NRG Home Retail, which consists of residential retail services and products, and NRG Home Solar, which includes the installation and leasing of residential solar services; NRG Renew, which includes solar and wind assets, excluding those in the NRG Yield and NRG Home Solar segments; NRG Yield, and corporate activities.
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