NRG Energy, Inc. (NYSE:NRG) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems lowered its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 8.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,378 shares of the utilities provider’s stock after selling 1,332 shares during the period. Kentucky Retirement Systems’ holdings in NRG Energy were worth $1,310,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Ashton Thomas Securities LLC acquired a new position in shares of NRG Energy during the 3rd quarter worth approximately $26,000. Covestor Ltd raised its holdings in shares of NRG Energy by 74.7% in the third quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 139 shares during the last quarter. Rothschild Investment LLC acquired a new position in shares of NRG Energy in the second quarter worth $32,000. First Horizon Advisors Inc. lifted its position in shares of NRG Energy by 76.1% in the second quarter. First Horizon Advisors Inc. now owns 442 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 191 shares in the last quarter. Finally, Harbor Capital Advisors Inc. purchased a new stake in NRG Energy during the 3rd quarter worth about $35,000. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Insider Buying and Selling

In related news, insider Rasesh M. Patel sold 102,603 shares of the company’s stock in a transaction on 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 directly owns 163,680 shares of the company’s stock, valued at approximately $13,151,688. This represents a 38.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.86% of the company’s stock.

NRG Energy Price Performance

Shares of NRG Energy stock opened at $93.23 on Tuesday. The business’s fifty day moving average price is $88.81 and its 200 day moving average price is $82.63. NRG Energy, Inc. has a twelve month low of $44.90 and a twelve month high of $102.84. 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 stock has a market capitalization of $18.89 billion, a P/E ratio of 23.42, a PEG ratio of 1.34 and a beta of 1.10.

NRG Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a dividend of $0.4075 per share. This represents a $1.63 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend was Friday, November 1st. NRG Energy’s payout ratio is currently 40.95%.

Wall Street Analyst Weigh In

NRG has been the topic of several analyst reports. BMO Capital Markets raised their price target on shares of NRG Energy from $90.00 to $94.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 29th. Guggenheim raised their target price on shares of NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Jefferies Financial Group initiated coverage on NRG Energy in a report on Friday, September 13th. They issued a “hold” rating and a $82.00 price target for the company. Wells Fargo & Company raised 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. Finally, Citigroup upped their target price on NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $97.43.

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.