Teachers Retirement System of The State of Kentucky Purchases 316,130 Shares of NRG Energy, Inc. (NYSE:NRG)

Teachers Retirement System of The State of Kentucky raised its holdings in NRG Energy, Inc. (NYSE:NRG) by 1,690.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 334,836 shares of the utilities provider’s stock after purchasing an additional 316,130 shares during the period. Teachers Retirement System of The State of Kentucky owned approximately 0.16% of NRG Energy worth $26,070,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in NRG. Rothschild Investment LLC bought a new position in NRG Energy in the second quarter valued at about $32,000. First Horizon Advisors Inc. grew its position in shares of NRG Energy by 76.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 442 shares of the utilities provider’s stock worth $34,000 after buying an additional 191 shares during the period. LifeSteps Financial Inc. bought a new position in NRG Energy in the first quarter worth approximately $31,000. Innealta Capital LLC bought a new position in shares of NRG Energy in the second quarter valued at $36,000. Finally, Mather Group LLC. bought a new stake in NRG Energy during the first quarter worth $33,000. Institutional investors own 97.72% of the company’s stock.

Insider Transactions at NRG Energy

In other NRG Energy news, insider Rasesh M. Patel sold 102,603 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $80.35, for a total value of $8,244,151.05. Following the completion of the transaction, the insider now owns 163,680 shares in the company, valued at $13,151,688. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.86% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Wells Fargo & Company upped their price target on NRG Energy from $110.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, September 5th. BMO Capital Markets increased their price objective on NRG Energy from $88.00 to $90.00 and gave the company a “market perform” rating in a research report on Monday. StockNews.com lowered NRG Energy from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Finally, Jefferies Financial Group began coverage on shares of NRG Energy in a report on Friday, September 13th. They set a “hold” rating and a $82.00 price target for the company. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $74.75.

NRG Energy Trading Down 0.1 %

Shares of NRG stock opened at $91.10 on Tuesday. NRG Energy, Inc. has a 1-year low of $36.61 and a 1-year high of $93.17. The company has a debt-to-equity ratio of 3.51, a current ratio of 1.18 and a quick ratio of 1.11. The company has a 50-day moving average of $80.37 and a two-hundred day moving average of $77.72. The firm has a market cap of $18.99 billion, a PE ratio of 12.90 and a beta of 1.10.

NRG Energy (NYSE:NRG) last posted its quarterly earnings results on Thursday, August 8th. The utilities provider reported $3.37 EPS for the quarter, topping the consensus estimate of $1.55 by $1.82. The company had revenue of $6.66 billion during the quarter, compared to analysts’ expectations of $8.32 billion. NRG Energy had a net margin of 7.19% and a return on equity of 43.69%. The firm’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.10 EPS. On average, analysts predict that NRG Energy, Inc. will post 5.51 EPS for the current year.

NRG Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were paid a $0.4075 dividend. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $1.63 annualized dividend and a dividend yield of 1.79%. NRG Energy’s dividend payout ratio (DPR) is currently 23.09%.

About NRG Energy

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.