NRG Energy, Inc. (NYSE:NRG) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky cut its holdings in NRG Energy, Inc. (NYSE:NRG - Free Report) by 7.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 265,034 shares of the utilities provider's stock after selling 21,445 shares during the quarter. Teachers Retirement System of The State of Kentucky owned about 0.13% of NRG Energy worth $23,912,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. increased its position in NRG Energy by 1,010.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,557,350 shares of the utilities provider's stock worth $140,504,000 after purchasing an additional 1,417,057 shares during the period. Boston Partners purchased a new stake in shares of NRG Energy in the fourth quarter valued at approximately $94,346,000. Appaloosa LP grew its holdings in NRG Energy by 81.5% during the fourth quarter. Appaloosa LP now owns 1,815,000 shares of the utilities provider's stock worth $163,749,000 after acquiring an additional 815,180 shares during the period. Teacher Retirement System of Texas raised its position in NRG Energy by 350.4% in the fourth quarter. Teacher Retirement System of Texas now owns 904,265 shares of the utilities provider's stock worth $81,583,000 after acquiring an additional 703,481 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in NRG Energy in the fourth quarter worth $61,679,000. 97.72% of the stock is owned by institutional investors and hedge funds.

NRG Energy Price Performance

NRG stock traded up $2.25 during trading on Friday, hitting $108.36. The stock had a trading volume of 1,810,178 shares, compared to its average volume of 3,155,990. The stock 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 debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17. The company's 50 day moving average price is $97.70 and its two-hundred day moving average price is $96.72. NRG Energy, Inc. has a 1-year low of $65.11 and a 1-year high of $117.26.

NRG Energy Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. BMO Capital Markets increased their price target on shares of NRG Energy from $100.00 to $115.00 and gave the company a "market perform" rating in a report on Monday, March 3rd. Wells Fargo & Company increased their target price on shares of NRG Energy from $140.00 to $165.00 and gave the company an "overweight" rating in a report on Thursday, February 27th. Evercore ISI raised NRG Energy from an "in-line" rating to an "outperform" rating and raised their price objective for the company from $74.00 to $126.00 in a research note on Tuesday, January 21st. StockNews.com cut NRG Energy from a "buy" rating to a "hold" rating in a report on Saturday, March 8th. Finally, The Goldman Sachs Group assumed coverage on NRG Energy in a research report on Friday, April 4th. They issued a "buy" rating and a $129.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $124.00.

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.