New Mexico Educational Retirement Board Has $885,000 Position in NRG Energy, Inc. (NYSE:NRG)

New Mexico Educational Retirement Board reduced its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 3.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,812 shares of the utilities provider’s stock after selling 400 shares during the quarter. New Mexico Educational Retirement Board’s holdings in NRG Energy were worth $885,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Everence Capital Management Inc. acquired a new position in NRG Energy during the fourth quarter worth $549,000. Meyer Handelman Co. increased its stake in shares of NRG Energy by 43.8% in the fourth quarter. Meyer Handelman Co. now owns 78,982 shares of the utilities provider’s stock valued at $7,126,000 after buying an additional 24,062 shares in the last quarter. Luxor Capital Group LP increased its stake in shares of NRG Energy by 47.8% in the third quarter. Luxor Capital Group LP now owns 520,591 shares of the utilities provider’s stock valued at $47,426,000 after buying an additional 168,267 shares in the last quarter. Pine Valley Investments Ltd Liability Co increased its stake in shares of NRG Energy by 25.1% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 50,027 shares of the utilities provider’s stock valued at $4,557,000 after buying an additional 10,031 shares in the last quarter. Finally, Bank of Hawaii increased its stake in shares of NRG Energy by 95.5% in the third quarter. Bank of Hawaii now owns 15,685 shares of the utilities provider’s stock valued at $1,429,000 after buying an additional 7,662 shares in the last quarter. 97.72% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Bruce Chung sold 20,000 shares of NRG Energy stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $97.63, for a total transaction of $1,952,600.00. Following the transaction, the chief financial officer now owns 69,454 shares in the company, valued at $6,780,794.02. The trade was a 22.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Robert J. Gaudette sold 60,000 shares of NRG Energy stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $91.41, for a total value of $5,484,600.00. Following the transaction, the vice president now owns 64,448 shares in the company, valued at $5,891,191.68. This trade represents a 48.21 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.86% of the company’s stock.

NRG Energy Price Performance

Shares of NRG opened at $107.64 on Tuesday. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. NRG Energy, Inc. has a 1 year low of $51.42 and a 1 year high of $115.38. The stock has a market cap of $21.80 billion, a P/E ratio of 27.05, a price-to-earnings-growth ratio of 1.22 and a beta of 1.15. The stock’s 50-day moving average price is $99.34 and its two-hundred day moving average price is $91.78.

NRG Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be issued a dividend of $0.44 per share. The ex-dividend date is Monday, February 3rd. This represents a $1.76 dividend on an annualized basis and a yield of 1.64%. This is a boost from NRG Energy’s previous quarterly dividend of $0.41. NRG Energy’s dividend payout ratio (DPR) is 44.22%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on NRG. Wells Fargo & Company raised their target price on NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Evercore ISI upgraded NRG Energy from an “in-line” rating to an “outperform” rating and raised their target price for the company from $74.00 to $126.00 in a research note on Tuesday, January 21st. Jefferies Financial Group upgraded NRG Energy from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $93.00 to $113.00 in a research report on Tuesday, November 26th. BMO Capital Markets lifted their price objective on NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 19th. Finally, Citigroup lifted their price objective on NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $111.43.

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.