Commonwealth of Pennsylvania Public School Empls Retrmt SYS Purchases 1,626 Shares of NRG Energy, Inc. $NRG

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of NRG Energy, Inc. (NYSE:NRG) by 3.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,950 shares of the utilities provider’s stock after purchasing an additional 1,626 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in NRG Energy were worth $7,700,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Toth Financial Advisory Corp bought a new position in shares of NRG Energy in the second quarter valued at approximately $27,000. Bank of Jackson Hole Trust bought a new stake in NRG Energy during the 2nd quarter worth approximately $28,000. Fourth Dimension Wealth LLC bought a new position in NRG Energy in the 2nd quarter valued at $32,000. Kiker Wealth Management LLC acquired a new position in NRG Energy in the second quarter worth $37,000. Finally, ORG Partners LLC boosted its stake in NRG Energy by 422.2% in the second quarter. ORG Partners LLC now owns 282 shares of the utilities provider’s stock worth $44,000 after purchasing an additional 228 shares in the last quarter. 97.72% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other NRG Energy news, VP Dak Liyanearachchi sold 10,672 shares of the business’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $155.00, for a total value of $1,654,160.00. Following the completion of the transaction, the vice president directly owned 48,571 shares of the company’s stock, valued at approximately $7,528,505. The trade was a 18.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.86% of the company’s stock.

NRG Energy Stock Performance

Shares of NYSE:NRG opened at $163.41 on Tuesday. The company has a market capitalization of $31.31 billion, a price-to-earnings ratio of 73.94 and a beta of 1.16. The firm’s 50 day simple moving average is $166.58 and its 200 day simple moving average is $156.94. The company has a debt-to-equity ratio of 5.99, a current ratio of 0.93 and a quick ratio of 0.88. NRG Energy, Inc. has a fifty-two week low of $79.57 and a fifty-two week high of $180.54.

NRG Energy (NYSE:NRG) last issued its quarterly earnings data on Thursday, November 6th. The utilities provider reported $2.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $0.85. The firm had revenue of $7.64 billion during the quarter, compared to analysts’ expectations of $7.53 billion. NRG Energy had a net margin of 1.78% and a return on equity of 88.22%. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.90 earnings per share. As a group, sell-side analysts forecast that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy declared that its board has authorized a stock buyback plan on Thursday, November 6th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the utilities provider to reacquire up to 9.2% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

NRG Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 3rd were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Monday, November 3rd. NRG Energy’s dividend payout ratio (DPR) is presently 26.31%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on NRG. Morgan Stanley cut their price target on NRG Energy from $145.00 to $144.00 and set an “equal weight” rating for the company in a report on Tuesday, October 28th. Wall Street Zen downgraded shares of NRG Energy from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Melius began coverage on shares of NRG Energy in a research note on Wednesday, August 20th. They set a “buy” rating and a $308.00 price target on the stock. Jefferies Financial Group restated a “buy” rating and issued a $198.00 price objective on shares of NRG Energy in a research report on Monday, October 20th. Finally, Scotiabank started coverage on NRG Energy in a report on Monday, September 22nd. They set a “sector outperform” rating and a $212.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $198.31.

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.