New York State Teachers Retirement System Acquires 10,796 Shares of NRG Energy, Inc. (NYSE:NRG)

New York State Teachers Retirement System lifted its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 4.6% during the second quarter, Holdings Channel reports. The fund owned 247,225 shares of the utilities provider’s stock after buying an additional 10,796 shares during the quarter. New York State Teachers Retirement System’s holdings in NRG Energy were worth $19,249,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of NRG. LifeSteps Financial Inc. bought a new stake in NRG Energy in the first quarter worth about $31,000. Mather Group LLC. purchased a new stake in NRG Energy in the 1st quarter worth approximately $33,000. First Horizon Advisors Inc. increased its holdings in shares of NRG Energy by 76.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 442 shares of the utilities provider’s stock worth $34,000 after buying an additional 191 shares during the last quarter. Crewe Advisors LLC bought a new position in NRG Energy in the first quarter valued at $36,000. Finally, Central Pacific Bank Trust Division bought a new position in shares of NRG Energy during the 1st quarter valued at about $45,000. 97.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on NRG shares. StockNews.com cut NRG Energy from a “buy” rating to a “hold” rating in a research note on Saturday, August 17th. Wells Fargo & Company raised their price objective on shares of NRG Energy from $100.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday, May 15th. Morgan Stanley increased their target price on NRG Energy from $70.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 28th. Finally, BMO Capital Markets upped their target price on shares of NRG Energy from $73.00 to $82.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 8th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, NRG Energy currently has a consensus rating of “Hold” and an average target price of $71.14.

NRG Energy Stock Up 1.7 %

Shares of NYSE:NRG traded up $1.42 on Friday, reaching $83.27. The company had a trading volume of 786,769 shares, compared to its average volume of 3,488,100. The firm has a market capitalization of $17.36 billion, a PE ratio of 11.74 and a beta of 1.08. NRG Energy, Inc. has a 52-week low of $36.61 and a 52-week high of $87.58. The company has a current ratio of 1.01, a quick ratio of 0.95 and a debt-to-equity ratio of 3.61. The firm’s 50 day simple moving average is $77.77 and its 200-day simple moving average is $72.20.

NRG Energy (NYSE:NRG) last issued its quarterly earnings data on Thursday, August 8th. The utilities provider reported $3.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $1.82. The business had revenue of $6.66 billion during the quarter, compared to the consensus estimate of $8.32 billion. NRG Energy had a net margin of 5.76% and a return on equity of 42.60%. The company’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.10 earnings per share. As a group, analysts expect that NRG Energy, Inc. will post 4.47 earnings per share for the current fiscal year.

NRG Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were given a $0.4075 dividend. This represents a $1.63 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend was Thursday, August 1st. NRG Energy’s dividend payout ratio is presently 23.09%.

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.