State of Tennessee Department of Treasury Grows Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

State of Tennessee Department of Treasury increased its stake in NRG Energy, Inc. (NYSE:NRG - Free Report) by 18.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 106,811 shares of the utilities provider's stock after buying an additional 16,753 shares during the period. State of Tennessee Department of Treasury owned 0.05% of NRG Energy worth $9,636,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. McIlrath & Eck LLC grew its stake in shares of NRG Energy by 4.5% in the third quarter. McIlrath & Eck LLC now owns 2,630 shares of the utilities provider's stock worth $240,000 after acquiring an additional 113 shares during the last quarter. Fulcrum Equity Management purchased a new stake in NRG Energy during the 3rd quarter valued at about $274,000. Pine Valley Investments Ltd Liability Co increased its stake in NRG Energy by 25.1% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 50,027 shares of the utilities provider's stock valued at $4,557,000 after purchasing an additional 10,031 shares in the last quarter. World Investment Advisors LLC purchased a new position in NRG Energy in the third quarter worth about $254,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in NRG Energy in the third quarter worth about $797,000. Institutional investors own 97.72% of the company's stock.

NRG Energy Trading Up 3.3 %

NRG Energy stock opened at $102.08 on Thursday. NRG Energy, Inc. has a 52-week low of $65.11 and a 52-week high of $117.26. The company has a market cap of $20.79 billion, a P/E ratio of 25.65, a P/E/G ratio of 1.01 and a beta of 1.10. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57. The business has a 50-day simple moving average of $97.73 and a two-hundred day simple moving average of $96.64.

NRG Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a $0.44 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $1.76 annualized dividend and a yield of 1.72%. NRG Energy's payout ratio is presently 35.92%.

Analyst Ratings Changes

Several brokerages recently weighed in on NRG. StockNews.com downgraded shares of NRG Energy from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. The Goldman Sachs Group began coverage on NRG Energy in a report on Friday, April 4th. They issued a "buy" rating and a $129.00 target price for the company. Guggenheim upped their price target on NRG Energy from $134.00 to $145.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Wells Fargo & Company increased their price objective on NRG Energy from $140.00 to $165.00 and gave the company an "overweight" rating in a research report on Thursday, February 27th. Finally, BMO Capital Markets boosted their target price on NRG Energy from $100.00 to $115.00 and gave the stock a "market perform" rating in a research report on Monday, March 3rd. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, NRG Energy has a consensus 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.