New York State Teachers Retirement System Has $19.91 Million Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

New York State Teachers Retirement System cut its holdings in NRG Energy, Inc. (NYSE:NRG) by 2.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 220,701 shares of the utilities provider’s stock after selling 5,957 shares during the quarter. New York State Teachers Retirement System owned about 0.11% of NRG Energy worth $19,912,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in NRG. Bleakley Financial Group LLC acquired a new stake in NRG Energy in the third quarter valued at approximately $249,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of NRG Energy by 1.1% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 23,471 shares of the utilities provider’s stock worth $2,138,000 after buying an additional 252 shares during the last quarter. Net Worth Advisory Group acquired a new stake in shares of NRG Energy in the third quarter worth $224,000. Blue Trust Inc. lifted its stake in shares of NRG Energy by 62.9% in the third quarter. Blue Trust Inc. now owns 2,835 shares of the utilities provider’s stock worth $258,000 after buying an additional 1,095 shares during the last quarter. Finally, Raymond James & Associates lifted its stake in shares of NRG Energy by 15.0% in the third quarter. Raymond James & Associates now owns 486,539 shares of the utilities provider’s stock worth $44,324,000 after buying an additional 63,365 shares during the last quarter. 97.72% of the stock is currently owned by institutional investors and hedge funds.

NRG Energy Trading Up 1.3 %

Shares of NRG Energy stock opened at $107.64 on Monday. The firm has a market capitalization of $21.80 billion, a PE ratio of 27.05, a price-to-earnings-growth ratio of 1.22 and a beta of 1.15. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. The company’s fifty day moving average price is $99.11 and its two-hundred day moving average price is $91.54. NRG Energy, Inc. has a 52-week low of $51.42 and a 52-week high of $115.38.

NRG Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Monday, February 3rd. This is a positive change from NRG Energy’s previous quarterly dividend of $0.41. NRG Energy’s payout ratio is 44.22%.

Insider Buying and Selling at NRG Energy

In other news, VP Robert J. Gaudette sold 60,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $91.41, for a total value of $5,484,600.00. Following the sale, the vice president now owns 64,448 shares of the company’s stock, valued at approximately $5,891,191.68. This represents a 48.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Bruce Chung sold 20,000 shares of the company’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $97.63, for a total transaction of $1,952,600.00. Following the completion of the sale, the chief financial officer now directly owns 69,454 shares in the company, valued at approximately $6,780,794.02. The trade was a 22.36 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. BMO Capital Markets boosted their price objective on shares of NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 19th. Wells Fargo & Company boosted their price objective on shares of NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note 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 stock from $93.00 to $113.00 in a research note on Tuesday, November 26th. Citigroup upped their target price on shares of NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, Evercore ISI upgraded shares of NRG Energy from an “in-line” rating to an “outperform” rating and upped their target price for the company from $74.00 to $126.00 in a research note on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, NRG Energy has a consensus rating of “Moderate Buy” and a consensus price target of $111.43.

NRG Energy Company 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.