Texas Permanent School Fund Trims Stake in NRG Energy, Inc. (NYSE:NRG)


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Texas Permanent School Fund lowered its holdings in NRG Energy, Inc. (NYSE:NRG) by 7.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 41,552 shares of the utilities provider’s stock after selling 3,283 shares during the period. Texas Permanent School Fund’s holdings in NRG Energy were worth $1,560,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Acadian Asset Management LLC raised its holdings in NRG Energy by 6.8% in the 3rd quarter. Acadian Asset Management LLC now owns 6,144 shares of the utilities provider’s stock valued at $189,000 after buying an additional 390 shares during the period. Daiwa Securities Group Inc. raised its stake in shares of NRG Energy by 3.6% in the 3rd quarter. Daiwa Securities Group Inc. now owns 11,951 shares of the utilities provider’s stock valued at $367,000 after acquiring an additional 411 shares during the period. ARGI Investment Services LLC raised its stake in shares of NRG Energy by 2.4% in the 3rd quarter. ARGI Investment Services LLC now owns 17,986 shares of the utilities provider’s stock valued at $553,000 after acquiring an additional 414 shares during the period. M&T Bank Corp raised its stake in shares of NRG Energy by 5.5% in the 3rd quarter. M&T Bank Corp now owns 9,704 shares of the utilities provider’s stock valued at $298,000 after acquiring an additional 508 shares during the period. Finally, Meeder Asset Management Inc. raised its stake in shares of NRG Energy by 1.2% in the 3rd quarter. Meeder Asset Management Inc. now owns 43,789 shares of the utilities provider’s stock valued at $1,346,000 after acquiring an additional 519 shares during the period. Institutional investors own 95.67% of the company’s stock.

A number of analysts have issued reports on NRG shares. Morgan Stanley boosted their target price on NRG Energy from $52.00 to $57.00 and gave the company an “overweight” rating in a research report on Friday, February 5th. The Goldman Sachs Group assumed coverage on NRG Energy in a report on Thursday, January 28th. They issued a “buy” rating and a $57.00 price objective on the stock. Citigroup boosted their price target on shares of NRG Energy from $34.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, February 4th. Finally, Zacks Investment Research upgraded shares of NRG Energy from a “sell” rating to a “hold” rating and set a $39.00 price target on the stock in a research note on Thursday, January 7th. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $44.61.

Shares of NYSE NRG opened at $36.90 on Tuesday. The stock’s 50-day moving average is $40.81 and its two-hundred day moving average is $34.90. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.55 and a quick ratio of 1.39. NRG Energy, Inc. has a 1-year low of $19.54 and a 1-year high of $43.54. The company has a market cap of $9.01 billion, a price-to-earnings ratio of 2.36 and a beta of 1.00.

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 16th. Investors of record on Monday, February 1st were paid a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a dividend yield of 3.52%. This is a positive change from NRG Energy’s previous quarterly dividend of $0.30. The ex-dividend date was Friday, January 29th. NRG Energy’s dividend payout ratio is presently 32.83%.

In related news, SVP David Callen sold 9,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 15th. The shares were sold at an average price of $33.40, for a total transaction of $300,600.00. Following the sale, the senior vice president now directly owns 35,853 shares in the company, valued at $1,197,490.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.70% of the stock is currently owned by corporate insiders.

NRG Energy Profile

NRG Energy, Inc, together with its subsidiaries, operates as an energy company in the United States. It operates through Generation and Retail segments. The company is involved in the producing, selling, and delivering electricity and related products and services to 3.7 million residential, industrial, and commercial consumers.

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

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