California Public Employees Retirement System Has $36.51 Million Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

California Public Employees Retirement System cut its position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 4.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 404,661 shares of the utilities provider's stock after selling 16,737 shares during the period. California Public Employees Retirement System owned about 0.20% of NRG Energy worth $36,509,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of NRG. SBI Securities Co. Ltd. bought a new stake in NRG Energy in the fourth quarter valued at $32,000. UMB Bank n.a. grew its holdings in shares of NRG Energy by 100.4% in the 4th quarter. UMB Bank n.a. now owns 455 shares of the utilities provider's stock worth $41,000 after purchasing an additional 228 shares during the last quarter. Princeton Global Asset Management LLC grew its holdings in shares of NRG Energy by 414.9% in the 4th quarter. Princeton Global Asset Management LLC now owns 484 shares of the utilities provider's stock worth $44,000 after purchasing an additional 390 shares during the last quarter. Larson Financial Group LLC lifted its holdings in NRG Energy by 221.0% during the 4th quarter. Larson Financial Group LLC now owns 504 shares of the utilities provider's stock valued at $45,000 after purchasing an additional 347 shares during the last quarter. Finally, Grove Bank & Trust lifted its holdings in NRG Energy by 29.7% during the 4th quarter. Grove Bank & Trust now owns 564 shares of the utilities provider's stock valued at $51,000 after purchasing an additional 129 shares during the last quarter. 97.72% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling at NRG Energy

In other NRG Energy news, CFO Bruce Chung sold 20,000 shares of the stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $97.63, for a total value of $1,952,600.00. Following the completion of the transaction, the chief financial officer now directly owns 69,454 shares in the company, valued at approximately $6,780,794.02. This trade represents a 22.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.86% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on NRG shares. The Goldman Sachs Group began coverage on NRG Energy in a research report on Friday. They set a "buy" rating and a $129.00 price target on the stock. StockNews.com lowered NRG Energy from a "buy" rating to a "hold" rating in a research note on Saturday, March 8th. Wells Fargo & Company increased their price objective on shares of NRG Energy from $140.00 to $165.00 and gave the stock an "overweight" rating in a report on Thursday, February 27th. BMO Capital Markets boosted their target price on shares of NRG Energy from $100.00 to $115.00 and gave the stock a "market perform" rating in a research note on Monday, March 3rd. Finally, Morgan Stanley increased their price target on shares of NRG Energy from $86.00 to $99.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, NRG Energy presently has a consensus rating of "Moderate Buy" and an average target price of $124.00.

NRG Energy Price Performance

Shares of NYSE NRG traded up $3.55 during mid-day trading on Monday, reaching $87.16. The company had a trading volume of 4,796,742 shares, compared to its average volume of 3,087,148. The firm has a market cap of $17.75 billion, a price-to-earnings ratio of 21.90, a PEG ratio of 1.01 and a beta of 1.10. The business's 50-day simple moving average is $100.03 and its 200 day simple moving average is $96.32. NRG Energy, Inc. has a one year low of $65.11 and a one year high of $117.26. 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 Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were paid a $0.44 dividend. The ex-dividend date was Monday, February 3rd. This is a positive change from NRG Energy's previous quarterly dividend of $0.41. This represents a $1.76 annualized dividend and a yield of 2.02%. NRG Energy's dividend payout ratio (DPR) is 35.92%.

NRG Energy 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.