Oregon Public Employees Retirement Fund Has $1.28 Million Stake in NRG Energy Inc (NRG)

Oregon Public Employees Retirement Fund decreased its holdings in NRG Energy Inc (NYSE:NRG) by 1.2% in the 4th quarter, HoldingsChannel reports. The fund owned 32,382 shares of the utilities provider’s stock after selling 408 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in NRG Energy were worth $1,282,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in NRG. Jane Street Group LLC increased its position in shares of NRG Energy by 108.2% in the second quarter. Jane Street Group LLC now owns 15,673 shares of the utilities provider’s stock valued at $481,000 after acquiring an additional 206,430 shares during the period. Bank of New York Mellon Corp increased its position in shares of NRG Energy by 45.4% in the second quarter. Bank of New York Mellon Corp now owns 3,002,481 shares of the utilities provider’s stock valued at $92,177,000 after acquiring an additional 937,092 shares during the period. Atria Investments LLC purchased a new position in shares of NRG Energy in the third quarter valued at about $243,000. State of Alaska Department of Revenue increased its position in shares of NRG Energy by 3.0% in the third quarter. State of Alaska Department of Revenue now owns 52,923 shares of the utilities provider’s stock valued at $1,978,000 after acquiring an additional 1,533 shares during the period. Finally, New Jersey Better Educational Savings Trust increased its position in shares of NRG Energy by 25.0% in the third quarter. New Jersey Better Educational Savings Trust now owns 10,000 shares of the utilities provider’s stock valued at $374,000 after acquiring an additional 2,000 shares during the period. Hedge funds and other institutional investors own 97.97% of the company’s stock.

In related news, VP Robert J. Gaudette sold 18,571 shares of the business’s stock in a transaction dated Thursday, January 10th. The shares were sold at an average price of $39.42, for a total transaction of $732,068.82. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Christopher Moser sold 34,296 shares of the business’s stock in a transaction dated Friday, January 4th. The shares were sold at an average price of $38.23, for a total transaction of $1,311,136.08. The disclosure for this sale can be found here. 0.38% of the stock is owned by insiders.

Shares of NYSE NRG traded up $0.03 during midday trading on Tuesday, hitting $42.28. 17,823 shares of the company traded hands, compared to its average volume of 3,281,925. NRG Energy Inc has a 12-month low of $24.20 and a 12-month high of $43.08. The company has a debt-to-equity ratio of 7.16, a current ratio of 1.57 and a quick ratio of 1.42. The stock has a market capitalization of $12.13 billion, a P/E ratio of 38.68 and a beta of 0.78.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 15th. Investors of record on Friday, February 1st will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.28%. The ex-dividend date of this dividend is Thursday, January 31st. NRG Energy’s dividend payout ratio is currently 11.01%.

A number of research firms have issued reports on NRG. Citigroup boosted their price objective on shares of NRG Energy from $38.00 to $47.00 and gave the company a “buy” rating in a research report on Monday, December 10th. Zacks Investment Research upgraded shares of NRG Energy from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research report on Wednesday, January 23rd. ValuEngine upgraded shares of NRG Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, November 13th. Deutsche Bank cut shares of NRG Energy from a “buy” rating to a “hold” rating and set a $45.00 price objective on the stock. in a research report on Monday, January 28th. Finally, SunTrust Banks boosted their price objective on shares of NRG Energy from $35.00 to $36.00 and gave the company a “hold” rating in a research report on Monday, October 29th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $41.86.

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About NRG Energy

NRG Energy, Inc, together with its subsidiaries, operates as an integrated power company in the United States. The company is involved in the generation of electricity using fossil fuel and nuclear sources. The company provides electricity to 2.9 million residential, commercial, and industrial consumers; system power, distributed generation, solar and wind products, backup generation, storage and distributed solar, demand response, energy efficiency, and on-site energy solutions; and carbon management and specialty services.

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

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