NRG Energy, Inc. $NRG Shares Purchased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D grew its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 0.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 69,465 shares of the utilities provider’s stock after purchasing an additional 437 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in NRG Energy were worth $11,155,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. boosted its stake in NRG Energy by 468.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,757,735 shares of the utilities provider’s stock worth $454,173,000 after purchasing an additional 6,049,247 shares during the last quarter. Amundi boosted its position in shares of NRG Energy by 772.5% during the 1st quarter. Amundi now owns 4,378,022 shares of the utilities provider’s stock valued at $406,342,000 after acquiring an additional 3,876,235 shares during the last quarter. Boston Partners boosted its position in shares of NRG Energy by 169.5% during the 1st quarter. Boston Partners now owns 2,817,018 shares of the utilities provider’s stock valued at $269,230,000 after acquiring an additional 1,771,829 shares during the last quarter. Appaloosa LP boosted its position in shares of NRG Energy by 12.9% during the 1st quarter. Appaloosa LP now owns 2,050,000 shares of the utilities provider’s stock valued at $195,693,000 after acquiring an additional 235,000 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its position in shares of NRG Energy by 33.6% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,481,120 shares of the utilities provider’s stock valued at $141,388,000 after acquiring an additional 372,618 shares during the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.

Insider Buying and Selling

In other NRG Energy news, VP Dak Liyanearachchi sold 10,672 shares of the firm’s stock in a transaction on 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 sale, the vice president owned 48,571 shares of the company’s stock, valued at approximately $7,528,505. This trade represents a 18.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Melius assumed coverage on shares of NRG Energy in a research report on Wednesday, August 20th. They set a “buy” rating and a $308.00 price target on the stock. Scotiabank assumed coverage on shares of NRG Energy in a research report on Monday, September 22nd. They set a “sector outperform” rating and a $212.00 price target on the stock. BMO Capital Markets boosted their price objective on shares of NRG Energy from $167.00 to $185.00 and gave the company a “market perform” rating in a report on Wednesday, August 6th. Jefferies Financial Group restated a “buy” rating and issued a $198.00 price objective on shares of NRG Energy in a report on Monday, October 20th. Finally, Zacks Research upgraded shares of NRG Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, NRG Energy currently has an average rating of “Buy” and an average price target of $197.46.

NRG Energy Price Performance

NRG stock opened at $170.12 on Friday. The company has a market capitalization of $32.91 billion, a P/E ratio of 76.98 and a beta of 1.14. NRG Energy, Inc. has a twelve month low of $79.57 and a twelve month high of $175.96. The business has a 50 day simple moving average of $159.24 and a 200-day simple moving average of $148.53. The company has a current ratio of 0.93, a quick ratio of 0.88 and a debt-to-equity ratio of 5.99.

NRG Energy (NYSE:NRG) last released its quarterly earnings results on Wednesday, August 6th. The utilities provider reported $1.68 EPS for the quarter, missing the consensus estimate of $1.72 by ($0.04). NRG Energy had a return on equity of 88.22% and a net margin of 1.78%.The company had revenue of $6.74 billion for the quarter, compared to analysts’ expectations of $6.63 billion. During the same quarter last year, the company earned $3.37 EPS. NRG Energy’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, equities analysts anticipate that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, November 3rd will be issued a $0.44 dividend. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $1.76 dividend on an annualized basis and a yield of 1.0%. NRG Energy’s dividend payout ratio (DPR) is 79.64%.

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.