State of Tennessee Department of Treasury Acquires 16,753 Shares of NRG Energy, Inc. (NYSE:NRG)

State of Tennessee Department of Treasury raised its position in NRG Energy, Inc. (NYSE:NRG - Free Report) by 18.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 106,811 shares of the utilities provider's stock after purchasing an additional 16,753 shares during the period. State of Tennessee Department of Treasury owned 0.05% of NRG Energy worth $9,636,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in NRG. TD Waterhouse Canada Inc. grew its position in NRG Energy by 171.9% during the fourth quarter. TD Waterhouse Canada Inc. now owns 7,905 shares of the utilities provider's stock worth $713,000 after buying an additional 4,998 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in NRG Energy by 31.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 20,351 shares of the utilities provider's stock valued at $1,836,000 after purchasing an additional 4,836 shares in the last quarter. Transce3nd LLC purchased a new stake in shares of NRG Energy during the 4th quarter valued at $1,126,000. MML Investors Services LLC grew its position in NRG Energy by 66.5% in the fourth quarter. MML Investors Services LLC now owns 28,120 shares of the utilities provider's stock worth $2,537,000 after acquiring an additional 11,234 shares in the last quarter. Finally, Norinchukin Bank The raised its position in NRG Energy by 9.4% during the fourth quarter. Norinchukin Bank The now owns 9,665 shares of the utilities provider's stock valued at $872,000 after purchasing an additional 829 shares in the last quarter. Institutional investors own 97.72% of the company's stock.

NRG Energy Trading Up 2.1 %

NYSE NRG traded up $2.25 during trading on Friday, hitting $108.36. The company had a trading volume of 1,810,178 shares, compared to its average volume of 3,030,952. The company's fifty day moving average is $97.63 and its 200-day moving average is $96.88. The company has a market cap of $22.07 billion, a price-to-earnings ratio of 27.23, a price-to-earnings-growth ratio of 1.01 and a beta of 1.10. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. NRG Energy, Inc. has a one year low of $65.11 and a one year high of $117.26.

NRG Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend is Thursday, May 1st. NRG Energy's payout ratio is presently 35.92%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Wells Fargo & Company raised their price objective on NRG Energy from $140.00 to $165.00 and gave the company an "overweight" rating in a report on Thursday, February 27th. StockNews.com lowered shares of NRG Energy from a "buy" rating to a "hold" rating in a report on Saturday, March 8th. Morgan Stanley lifted their target price on shares of NRG Energy from $86.00 to $99.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 19th. The Goldman Sachs Group initiated coverage on shares of NRG Energy in a research report on Friday, April 4th. They set a "buy" rating and a $129.00 price target for the company. Finally, Guggenheim lifted their price objective on NRG Energy from $134.00 to $145.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, NRG Energy has an average rating of "Moderate Buy" and a consensus target price of $124.00.

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.