NRG Energy, Inc. (NYSE:NRG) Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp cut its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 26.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,546 shares of the utilities provider’s stock after selling 12,111 shares during the quarter. Texas Permanent School Fund Corp’s holdings in NRG Energy were worth $2,690,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in NRG. Banco Santander S.A. purchased a new stake in NRG Energy during the 2nd quarter valued at about $217,671,000. Capitolis Liquid Global Markets LLC boosted its position in NRG Energy by 253.2% in the first quarter. Capitolis Liquid Global Markets LLC now owns 1,766,000 shares of the utilities provider’s stock valued at $119,541,000 after buying an additional 1,266,000 shares during the last quarter. Russell Investments Group Ltd. raised its position in NRG Energy by 11.1% during the 1st quarter. Russell Investments Group Ltd. now owns 1,610,562 shares of the utilities provider’s stock worth $109,007,000 after buying an additional 160,415 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in NRG Energy by 65.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,596,684 shares of the utilities provider’s stock valued at $124,318,000 after acquiring an additional 633,765 shares during the period. Finally, Zimmer Partners LP purchased a new stake in shares of NRG Energy in the 1st quarter valued at $64,306,000. 97.72% of the stock is owned by hedge funds and other institutional investors.

NRG Energy Stock Performance

Shares of NRG Energy stock opened at $80.77 on Tuesday. The stock has a market capitalization of $16.84 billion, a price-to-earnings ratio of 11.44 and a beta of 1.10. NRG Energy, Inc. has a 12 month low of $36.61 and a 12 month high of $87.58. The company has a debt-to-equity ratio of 3.51, a current ratio of 1.18 and a quick ratio of 1.11. The business has a 50-day moving average of $78.31 and a 200 day moving average of $75.85.

NRG Energy (NYSE:NRG) last announced its quarterly earnings data on Thursday, August 8th. The utilities provider reported $3.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $1.82. The business had revenue of $6.66 billion during the quarter, compared to analysts’ expectations of $8.32 billion. NRG Energy had a return on equity of 43.69% and a net margin of 7.19%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.10 EPS. As a group, sell-side analysts forecast that NRG Energy, Inc. will post 4.45 earnings per share for the current year.

NRG Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were issued a $0.4075 dividend. This represents a $1.63 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend was Thursday, August 1st. NRG Energy’s dividend payout ratio (DPR) is 23.09%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Jefferies Financial Group initiated coverage on NRG Energy in a report on Friday. They issued a “hold” rating and a $82.00 price target for the company. Morgan Stanley increased their target price on shares of NRG Energy from $70.00 to $83.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 28th. StockNews.com lowered NRG Energy from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Finally, Wells Fargo & Company increased their price target on shares of NRG Energy from $110.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, September 5th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, NRG Energy presently has an average rating of “Hold” and an average price target of $73.75.

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.