Teacher Retirement System of Texas Boosts Stake in NRG Energy, Inc. (NYSE:NRG)

Teacher Retirement System of Texas boosted its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 350.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 904,265 shares of the utilities provider’s stock after purchasing an additional 703,481 shares during the period. Teacher Retirement System of Texas’ holdings in NRG Energy were worth $81,583,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Royal London Asset Management Ltd. grew its stake in shares of NRG Energy by 1.2% during the 4th quarter. Royal London Asset Management Ltd. now owns 89,250 shares of the utilities provider’s stock valued at $8,052,000 after acquiring an additional 1,070 shares during the period. Vinva Investment Management Ltd boosted its position in shares of NRG Energy by 18.3% in the fourth quarter. Vinva Investment Management Ltd now owns 53,603 shares of the utilities provider’s stock worth $4,940,000 after purchasing an additional 8,303 shares during the period. Xponance Inc. increased its stake in shares of NRG Energy by 2.9% in the fourth quarter. Xponance Inc. now owns 50,218 shares of the utilities provider’s stock worth $4,531,000 after purchasing an additional 1,409 shares in the last quarter. Boston Partners bought a new stake in shares of NRG Energy during the 4th quarter valued at $94,346,000. Finally, Counterpoint Mutual Funds LLC boosted its holdings in NRG Energy by 48.4% in the 4th quarter. Counterpoint Mutual Funds LLC now owns 7,692 shares of the utilities provider’s stock worth $694,000 after buying an additional 2,510 shares during the period. Institutional investors own 97.72% of the company’s stock.

NRG Energy Stock Up 3.8 %

NYSE NRG opened at $98.30 on Thursday. NRG Energy, Inc. has a 52 week low of $65.11 and a 52 week high of $117.26. 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 company has a fifty day moving average of $102.07 and a two-hundred day moving average of $94.72. The firm has a market capitalization of $20.02 billion, a price-to-earnings ratio of 24.70, a PEG ratio of 1.01 and a beta of 1.13.

NRG Energy Increases Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.76 dividend on an annualized basis and a yield of 1.79%. This is a boost from NRG Energy’s previous quarterly dividend of $0.41. NRG Energy’s payout ratio is presently 35.92%.

Wall Street Analyst Weigh In

A number of research firms have commented on NRG. Wells Fargo & Company raised their price target on NRG Energy from $140.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday, February 27th. Guggenheim boosted their price target on NRG Energy from $134.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Evercore ISI raised shares of 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. StockNews.com cut shares of NRG Energy from a “buy” rating to a “hold” rating in a research note on Saturday, March 8th. Finally, Jefferies Financial Group upgraded shares of NRG Energy from a “hold” rating to a “buy” rating and boosted their price target for the stock from $93.00 to $113.00 in a research note on Tuesday, November 26th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.29.

Insider Buying and Selling at NRG Energy

In other NRG Energy news, CFO Bruce Chung sold 20,000 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $97.63, for a total value of $1,952,600.00. Following the transaction, the chief financial officer now directly owns 69,454 shares in the company, valued at $6,780,794.02. This represents a 22.36 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Robert J. Gaudette sold 60,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $91.41, for a total value of $5,484,600.00. Following the completion of the sale, the vice president now owns 64,448 shares of the company’s stock, valued at $5,891,191.68. The trade was a 48.21 % decrease in their position. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by corporate insiders.

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.