Public Employees Retirement System of Ohio Has $10.28 Million Holdings in NRG Energy, Inc. (NYSE:NRG)

Public Employees Retirement System of Ohio trimmed its holdings in NRG Energy, Inc. (NYSE:NRG) by 6.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 151,819 shares of the utilities provider’s stock after selling 10,388 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in NRG Energy were worth $10,277,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. LifeSteps Financial Inc. bought a new stake in NRG Energy in the 1st quarter valued at $31,000. Mather Group LLC. acquired a new stake in NRG Energy during the first quarter worth about $33,000. Crewe Advisors LLC bought a new position in NRG Energy during the first quarter valued at about $36,000. CENTRAL TRUST Co raised its holdings in NRG Energy by 1,005.5% in the 4th quarter. CENTRAL TRUST Co now owns 807 shares of the utilities provider’s stock valued at $42,000 after acquiring an additional 734 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in shares of NRG Energy by 35.4% in the 4th quarter. Blue Trust Inc. now owns 865 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 226 shares during the period. Institutional investors and hedge funds own 97.72% of the company’s stock.

NRG Energy Price Performance

NRG Energy stock traded up $0.62 during mid-day trading on Monday, hitting $74.33. 1,374,400 shares of the company were exchanged, compared to its average volume of 3,553,680. The company has a market capitalization of $15.50 billion, a PE ratio of 10.55 and a beta of 1.08. NRG Energy, Inc. has a 1-year low of $35.97 and a 1-year high of $87.58. The company has a quick ratio of 0.95, a current ratio of 1.01 and a debt-to-equity ratio of 3.61. The business has a fifty day moving average of $79.18 and a 200 day moving average of $69.11.

NRG Energy (NYSE:NRG) last posted its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.12). The firm had revenue of $7.43 billion for the quarter. NRG Energy had a return on equity of 42.60% and a net margin of 5.76%. As a group, sell-side analysts expect that NRG Energy, Inc. will post 4.47 earnings per share for the current year.

NRG Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be paid a $0.4075 dividend. This represents a $1.63 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date is Thursday, August 1st. NRG Energy’s dividend payout ratio is currently 23.09%.

Insider Transactions at NRG Energy

In related news, insider Rasesh M. Patel sold 24,546 shares of NRG Energy stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $83.41, for a total value of $2,047,381.86. Following the completion of the transaction, the insider now directly owns 266,064 shares of the company’s stock, valued at $22,192,398.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on NRG shares. Morgan Stanley boosted their price objective on NRG Energy from $70.00 to $83.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 28th. BMO Capital Markets boosted their price target on shares of NRG Energy from $73.00 to $82.00 and gave the company a “market perform” rating in a report on Wednesday, May 8th. Finally, 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. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $71.14.

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.