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

Teachers Retirement System of The State of Kentucky decreased its position in NRG Energy, Inc. (NYSE:NRG - Free Report) by 14.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 286,479 shares of the utilities provider's stock after selling 48,357 shares during the period. Teachers Retirement System of The State of Kentucky owned about 0.14% of NRG Energy worth $26,098,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. raised its stake in NRG Energy by 65.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,596,684 shares of the utilities provider's stock worth $124,318,000 after buying an additional 633,765 shares during the period. Bank of Hawaii grew its holdings in NRG Energy by 95.5% during the third quarter. Bank of Hawaii now owns 15,685 shares of the utilities provider's stock worth $1,429,000 after purchasing an additional 7,662 shares during the period. Luxor Capital Group LP grew its holdings in NRG Energy by 47.8% during the third quarter. Luxor Capital Group LP now owns 520,591 shares of the utilities provider's stock worth $47,426,000 after purchasing an additional 168,267 shares during the period. DRW Securities LLC grew its holdings in NRG Energy by 181.5% during the third quarter. DRW Securities LLC now owns 11,913 shares of the utilities provider's stock worth $1,085,000 after purchasing an additional 7,681 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in NRG Energy by 17.7% during the third quarter. Principal Financial Group Inc. now owns 458,811 shares of the utilities provider's stock worth $41,800,000 after purchasing an additional 69,047 shares during the period. Institutional investors and hedge funds own 97.72% of the company's stock.

Insiders Place Their Bets

In related news, insider Rasesh M. Patel sold 102,603 shares of NRG Energy stock in a transaction dated Friday, September 13th. The shares were 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 $13,151,688. This trade represents a 38.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.86% of the company's stock.

NRG Energy Stock Up 1.9 %

NRG traded up $1.75 during midday trading on Wednesday, reaching $95.48. The company's stock had a trading volume of 1,835,109 shares, compared to its average volume of 3,209,927. The stock's 50-day moving average is $92.83 and its 200-day moving average is $84.52. NRG Energy, Inc. has a 1 year low of $47.60 and a 1 year high of $103.14. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. The firm has a market capitalization of $19.34 billion, a price-to-earnings ratio of 23.55, a PEG ratio of 1.35 and a beta of 1.12.

NRG Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a $0.4075 dividend. The ex-dividend date was Friday, November 1st. This represents a $1.63 annualized dividend and a yield of 1.71%. NRG Energy's payout ratio is presently 40.95%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company boosted their price objective on NRG Energy from $130.00 to $140.00 and gave the stock an "overweight" rating in a report on Monday, November 11th. Jefferies Financial Group upgraded shares of NRG Energy from a "hold" rating to a "buy" rating and boosted their price objective for the company from $93.00 to $113.00 in a research report on Tuesday, November 26th. BMO Capital Markets upped their price target on shares of NRG Energy from $94.00 to $100.00 and gave the stock a "market perform" rating in a report on Tuesday, November 19th. Citigroup boosted their price objective on shares of NRG Energy from $84.00 to $100.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Finally, Guggenheim boosted their price objective on shares of NRG Energy from $77.00 to $118.00 and gave the stock a "buy" rating in a research note on Tuesday, October 8th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $102.71.

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.