Teachers Retirement System of The State of Kentucky Cuts Position in NRG Energy, Inc. (NYSE:NRG)

Teachers Retirement System of The State of Kentucky reduced its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 14.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 286,479 shares of the utilities provider’s stock after selling 48,357 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in NRG Energy were worth $26,098,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in NRG. Sunbelt Securities Inc. acquired a new stake in shares of NRG Energy in the 3rd quarter worth approximately $129,000. Toronto Dominion Bank increased its position in shares of NRG Energy by 16.1% in the third quarter. Toronto Dominion Bank now owns 113,868 shares of the utilities provider’s stock valued at $10,373,000 after buying an additional 15,813 shares in the last quarter. Coldstream Capital Management Inc. raised its stake in shares of NRG Energy by 5.0% during the 3rd quarter. Coldstream Capital Management Inc. now owns 6,829 shares of the utilities provider’s stock worth $622,000 after buying an additional 326 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of NRG Energy by 6.2% in the 3rd quarter. Geode Capital Management LLC now owns 5,399,098 shares of the utilities provider’s stock worth $494,225,000 after buying an additional 313,478 shares in the last quarter. Finally, MidWestOne Financial Group Inc. grew its stake in NRG Energy by 5.3% in the 3rd quarter. MidWestOne Financial Group Inc. now owns 12,087 shares of the utilities provider’s stock valued at $1,101,000 after acquiring an additional 606 shares during the last quarter. 97.72% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Guggenheim upped their price target on shares of NRG Energy from $77.00 to $118.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. StockNews.com cut NRG Energy from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Jefferies Financial Group raised NRG Energy from a “hold” rating to a “buy” rating and boosted their price target for the stock from $93.00 to $113.00 in a report on Tuesday, November 26th. Wells Fargo & Company lifted their price objective on NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Finally, BMO Capital Markets raised their price target on shares of NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 19th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $102.71.

NRG Energy Stock Performance

Shares of NRG stock opened at $93.73 on Wednesday. NRG Energy, Inc. has a one year low of $47.60 and a one year high of $103.14. The company has a 50 day moving average price of $92.83 and a 200 day moving average price of $84.52. The firm has a market capitalization of $18.99 billion, a price-to-earnings ratio of 23.55, a price-to-earnings-growth ratio of 1.35 and a beta of 1.12. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17.

NRG Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a $0.4075 dividend. This represents a $1.63 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend was Friday, November 1st. NRG Energy’s payout ratio is currently 40.95%.

Insider Buying and Selling at NRG Energy

In other news, insider Rasesh M. Patel sold 102,603 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $80.35, for a total transaction of $8,244,151.05. Following the completion of the sale, the insider now owns 163,680 shares in the company, valued at approximately $13,151,688. The trade was a 38.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.86% of the stock is owned by company insiders.

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.