Teacher Retirement System of Texas Sells 41,223 Shares of NRG Energy, Inc. $NRG

Teacher Retirement System of Texas trimmed its position in shares of NRG Energy, Inc. (NYSE:NRG) by 13.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 276,091 shares of the utilities provider’s stock after selling 41,223 shares during the period. Teacher Retirement System of Texas’ holdings in NRG Energy were worth $43,965,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. New Wave Wealth Advisors LLC boosted its position in NRG Energy by 3.0% during the 3rd quarter. New Wave Wealth Advisors LLC now owns 2,222 shares of the utilities provider’s stock valued at $360,000 after acquiring an additional 65 shares in the last quarter. Catalyst Financial Partners LLC boosted its position in NRG Energy by 5.0% during the 3rd quarter. Catalyst Financial Partners LLC now owns 1,410 shares of the utilities provider’s stock valued at $228,000 after acquiring an additional 67 shares in the last quarter. Independence Bank of Kentucky lifted its holdings in shares of NRG Energy by 4.1% during the fourth quarter. Independence Bank of Kentucky now owns 1,798 shares of the utilities provider’s stock valued at $286,000 after purchasing an additional 70 shares during the last quarter. Golden State Equity Partners lifted its holdings in shares of NRG Energy by 4.7% during the third quarter. Golden State Equity Partners now owns 1,589 shares of the utilities provider’s stock valued at $257,000 after purchasing an additional 72 shares during the last quarter. Finally, Childress Capital Advisors LLC lifted its holdings in shares of NRG Energy by 4.0% during the fourth quarter. Childress Capital Advisors LLC now owns 1,892 shares of the utilities provider’s stock valued at $301,000 after purchasing an additional 72 shares during the last quarter. 97.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on NRG shares. Raymond James Financial reiterated a “strong-buy” rating and set a $225.00 target price on shares of NRG Energy in a report on Monday, February 23rd. Weiss Ratings lowered shares of NRG Energy from a “buy (b)” rating to a “hold (c+)” rating in a report on Thursday, February 26th. Jefferies Financial Group lowered their target price on shares of NRG Energy from $198.00 to $181.00 and set a “buy” rating for the company in a report on Tuesday, January 27th. BNP Paribas Exane started coverage on shares of NRG Energy in a report on Wednesday, March 18th. They set an “outperform” rating and a $232.00 target price for the company. Finally, The Goldman Sachs Group started coverage on shares of NRG Energy in a report on Friday, March 6th. They set a “buy” rating and a $197.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $198.29.

NRG Energy Price Performance

Shares of NRG opened at $154.43 on Friday. The company has a market capitalization of $33.13 billion, a P/E ratio of 39.20 and a beta of 1.35. The company has a quick ratio of 1.58, a current ratio of 1.64 and a debt-to-equity ratio of 15.92. The firm has a 50 day moving average of $160.84 and a 200 day moving average of $161.13. NRG Energy, Inc. has a twelve month low of $101.54 and a twelve month high of $189.96.

NRG Energy (NYSE:NRG) last announced its quarterly earnings results on Tuesday, February 24th. The utilities provider reported $1.04 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.15). The firm had revenue of $7.75 billion for the quarter, compared to the consensus estimate of $6.68 billion. NRG Energy had a net margin of 2.81% and a return on equity of 109.48%. NRG Energy’s revenue was up 13.7% on a year-over-year basis. During the same period last year, the business earned $1.56 EPS. As a group, equities research analysts anticipate that NRG Energy, Inc. will post 8.81 earnings per share for the current fiscal year.

NRG Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 1st will be given a dividend of $0.475 per share. The ex-dividend date of this dividend is Friday, May 1st. This represents a $1.90 annualized dividend and a dividend yield of 1.2%. NRG Energy’s dividend payout ratio (DPR) is 48.22%.

Insider Buying and Selling at NRG Energy

In related news, VP Virginia Kinney sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $156.65, for a total transaction of $783,250.00. Following the completion of the sale, the vice president owned 55,495 shares of the company’s stock, valued at $8,693,291.75. This trade represents a 8.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.43% of the stock is owned by company insiders.

NRG Energy Company Profile

NRG Energy (NYSE: NRG) is a U.S.-based integrated power company headquartered in Houston, Texas. The company develops, owns and operates a diversified portfolio of power generation assets and participates in wholesale and retail energy markets. NRG supplies electricity to utilities, commercial and industrial customers, and retail consumers, while also providing energy-related products and services designed to manage consumption and support reliability.

NRG’s generation mix includes conventional thermal plants as well as renewable and distributed energy resources.