Illinois Municipal Retirement Fund Trims Stock Position in NRG Energy, Inc. (NYSE:NRG)

Illinois Municipal Retirement Fund lessened its holdings in NRG Energy, Inc. (NYSE:NRG) by 83.6% during the 4th quarter, Holdings Channel reports. The firm owned 7,300 shares of the utilities provider’s stock after selling 37,197 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in NRG Energy were worth $377,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Asset Management One Co. Ltd. lifted its stake in shares of NRG Energy by 0.9% during the third quarter. Asset Management One Co. Ltd. now owns 91,313 shares of the utilities provider’s stock valued at $3,517,000 after buying an additional 780 shares during the period. Simplicity Solutions LLC lifted its stake in shares of NRG Energy by 8.8% during the third quarter. Simplicity Solutions LLC now owns 10,419 shares of the utilities provider’s stock valued at $401,000 after buying an additional 840 shares during the period. Commonwealth Equity Services LLC lifted its stake in shares of NRG Energy by 5.8% during the third quarter. Commonwealth Equity Services LLC now owns 43,505 shares of the utilities provider’s stock valued at $1,676,000 after buying an additional 2,394 shares during the period. Xponance Inc. increased its position in NRG Energy by 193.1% during the third quarter. Xponance Inc. now owns 106,343 shares of the utilities provider’s stock worth $4,096,000 after purchasing an additional 70,058 shares during the last quarter. Finally, Raymond James & Associates increased its position in NRG Energy by 63.6% during the third quarter. Raymond James & Associates now owns 168,949 shares of the utilities provider’s stock worth $6,508,000 after purchasing an additional 65,706 shares during the last quarter. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Insider Buying and Selling at NRG Energy

In other NRG Energy news, VP Rasesh M. Patel sold 49,092 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $62.59, for a total transaction of $3,072,668.28. Following the transaction, the vice president now directly owns 356,962 shares in the company, valued at approximately $22,342,251.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.61% of the stock is currently owned by insiders.

NRG Energy Price Performance

NRG opened at $73.66 on Thursday. The company has a fifty day simple moving average of $66.03 and a 200 day simple moving average of $54.82. The firm has a market cap of $15.82 billion, a price-to-earnings ratio of -68.84 and a beta of 1.13. NRG Energy, Inc. has a twelve month low of $30.52 and a twelve month high of $76.54. The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 4.49.

NRG Energy (NYSE:NRG) last released its quarterly earnings results on Wednesday, February 28th. The utilities provider reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.20. The business had revenue of $6.81 billion during the quarter, compared to analyst estimates of $7.51 billion. NRG Energy had a negative net margin of 0.70% and a positive return on equity of 44.03%. Equities research analysts expect that NRG Energy, Inc. will post 5.36 EPS for the current fiscal year.

NRG Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid a dividend of $0.4075 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $1.63 dividend on an annualized basis and a yield of 2.21%. NRG Energy’s dividend payout ratio (DPR) is -152.34%.

Analyst Ratings Changes

NRG has been the subject of several research analyst reports. Evercore ISI upped their price target on shares of NRG Energy from $55.00 to $65.00 and gave the stock an “in-line” rating in a research report on Monday, March 18th. Wells Fargo & Company upped their price target on shares of NRG Energy from $78.00 to $85.00 and gave the stock an “overweight” rating in a research report on Monday, March 25th. Morgan Stanley increased their price objective on shares of NRG Energy from $51.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 26th. Citigroup increased their price objective on shares of NRG Energy from $52.00 to $62.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Finally, BMO Capital Markets increased their price objective on shares of NRG Energy from $58.00 to $59.00 and gave the stock a “market perform” rating in a research report on Thursday, February 29th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $59.50.

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.