Kentucky Retirement Systems Lowers Position in NRG Energy, Inc. (NYSE:NRG)

Kentucky Retirement Systems trimmed its position in shares of NRG Energy, Inc. (NYSE:NRG) by 1.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,182 shares of the utilities provider’s stock after selling 196 shares during the quarter. Kentucky Retirement Systems’ holdings in NRG Energy were worth $1,280,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Private Advisor Group LLC grew its position in NRG Energy by 27.3% in the 3rd quarter. Private Advisor Group LLC now owns 5,863 shares of the utilities provider’s stock worth $534,000 after purchasing an additional 1,256 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of NRG Energy by 27,231.5% in the third quarter. International Assets Investment Management LLC now owns 146,770 shares of the utilities provider’s stock valued at $13,371,000 after acquiring an additional 146,233 shares in the last quarter. Mount Yale Investment Advisors LLC grew its holdings in shares of NRG Energy by 77.7% in the third quarter. Mount Yale Investment Advisors LLC now owns 6,405 shares of the utilities provider’s stock valued at $584,000 after acquiring an additional 2,800 shares in the last quarter. PFG Investments LLC increased its position in shares of NRG Energy by 18.8% during the third quarter. PFG Investments LLC now owns 8,228 shares of the utilities provider’s stock valued at $750,000 after acquiring an additional 1,304 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in NRG Energy by 5.7% during the third quarter. State of Alaska Department of Revenue now owns 23,978 shares of the utilities provider’s stock worth $2,184,000 after acquiring an additional 1,300 shares during the period. Institutional investors own 97.72% of the company’s stock.

NRG Energy Trading Down 4.6 %

Shares of NRG opened at $105.96 on Monday. NRG Energy, Inc. has a twelve month low of $51.49 and a twelve month high of $115.38. The stock has a market cap of $21.46 billion, a PE ratio of 26.62, a P/E/G ratio of 1.01 and a beta of 1.15. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57. The business’s 50-day moving average price is $100.59 and its 200-day moving average price is $92.90.

NRG Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date was Monday, February 3rd. This is a positive change from NRG Energy’s previous quarterly dividend of $0.41. NRG Energy’s dividend payout ratio is 44.22%.

Insiders Place Their Bets

In other news, VP Robert J. Gaudette sold 60,000 shares of NRG Energy stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $91.41, for a total transaction of $5,484,600.00. Following the completion of the sale, the vice president now owns 64,448 shares in the company, valued at approximately $5,891,191.68. This trade represents a 48.21 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Bruce Chung sold 20,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 69,454 shares in the company, valued at approximately $6,780,794.02. This trade represents a 22.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on NRG shares. Jefferies Financial Group raised NRG Energy from a “hold” rating to a “buy” rating and raised their target price for the company from $93.00 to $113.00 in a research report on Tuesday, November 26th. Citigroup raised their price objective on shares of NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Morgan Stanley boosted their target price on shares of NRG Energy from $86.00 to $99.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 19th. Wells Fargo & Company raised their price target 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. Finally, Evercore ISI raised NRG Energy from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $74.00 to $126.00 in a report on Tuesday, January 21st. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, NRG Energy has a consensus rating of “Moderate Buy” and a consensus target price of $113.71.

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.