Teacher Retirement System of Texas Has $47.53 Million Stake in NRG Energy, Inc. $NRG

Teacher Retirement System of Texas trimmed its position in shares of NRG Energy, Inc. (NYSE:NRG) by 26.4% during the second quarter, Holdings Channel.com reports. The institutional investor owned 295,977 shares of the utilities provider’s stock after selling 106,332 shares during the period. Teacher Retirement System of Texas’ holdings in NRG Energy were worth $47,528,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC boosted its position in NRG Energy by 74.9% during the second quarter. Nisa Investment Advisors LLC now owns 148,974 shares of the utilities provider’s stock worth $23,922,000 after purchasing an additional 63,820 shares during the period. Wealthfront Advisers LLC boosted its position in NRG Energy by 37.7% during the second quarter. Wealthfront Advisers LLC now owns 7,920 shares of the utilities provider’s stock worth $1,272,000 after purchasing an additional 2,169 shares during the period. Atlatl Advisers LLC bought a new position in NRG Energy during the second quarter worth $1,081,000. VestGen Investment Management boosted its position in NRG Energy by 85.8% during the second quarter. VestGen Investment Management now owns 9,726 shares of the utilities provider’s stock worth $1,562,000 after purchasing an additional 4,492 shares during the period. Finally, Anthracite Investment Company Inc. boosted its position in NRG Energy by 37.3% during the second quarter. Anthracite Investment Company Inc. now owns 41,200 shares of the utilities provider’s stock worth $6,616,000 after purchasing an additional 11,200 shares during the period. 97.72% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, VP Dak Liyanearachchi sold 10,672 shares of the company’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $155.00, for a total transaction of $1,654,160.00. Following the completion of the sale, the vice president owned 48,571 shares of the company’s stock, valued at $7,528,505. This represents a 18.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.61% of the stock is owned by corporate insiders.

NRG Energy Trading Up 3.9%

NRG opened at $170.12 on Monday. NRG Energy, Inc. has a twelve month low of $79.57 and a twelve month high of $175.96. The company has a 50-day simple moving average of $159.24 and a 200 day simple moving average of $148.88. The company has a quick ratio of 0.88, a current ratio of 0.93 and a debt-to-equity ratio of 5.99. The stock has a market capitalization of $32.91 billion, a price-to-earnings ratio of 76.98 and a beta of 1.14.

NRG Energy (NYSE:NRG) last posted its quarterly earnings data on Wednesday, August 6th. The utilities provider reported $1.68 earnings per share for the quarter, missing the consensus estimate of $1.72 by ($0.04). NRG Energy had a return on equity of 88.22% and a net margin of 1.78%.The firm had revenue of $6.74 billion for the quarter, compared to the consensus estimate of $6.63 billion. During the same period in the prior year, the company earned $3.37 EPS. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. Analysts predict that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, November 3rd will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $1.76 annualized dividend and a yield of 1.0%. NRG Energy’s dividend payout ratio is currently 79.64%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on NRG shares. Jefferies Financial Group reaffirmed a “buy” rating and set a $198.00 price objective on shares of NRG Energy in a research report on Monday, October 20th. Scotiabank started coverage on shares of NRG Energy in a research report on Monday, September 22nd. They set a “sector outperform” rating and a $212.00 price objective for the company. BMO Capital Markets lifted their price objective on shares of NRG Energy from $167.00 to $185.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 6th. Melius Research initiated coverage on shares of NRG Energy in a research note on Wednesday, August 20th. They issued a “buy” rating and a $308.00 price target on the stock. Finally, Citigroup upped their price target on shares of NRG Energy from $133.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, July 17th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $197.46.

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.