California Public Employees Retirement System decreased its holdings in NRG Energy Inc (NYSE:NRG) by 7.7% in the 4th quarter, HoldingsChannel reports. The firm owned 930,227 shares of the utilities provider’s stock after selling 77,325 shares during the period. California Public Employees Retirement System’s holdings in NRG Energy were worth $26,493,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Invictus RG purchased a new position in shares of NRG Energy in the third quarter worth about $110,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of NRG Energy by 54.7% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 6,076 shares of the utilities provider’s stock worth $175,000 after purchasing an additional 2,148 shares in the last quarter. Parametrica Management Ltd purchased a new position in shares of NRG Energy in the fourth quarter worth about $205,000. Parkwood LLC purchased a new position in shares of NRG Energy in the third quarter worth about $205,000. Finally, Quantitative Systematic Strategies LLC purchased a new position in shares of NRG Energy in the third quarter worth about $211,000. Hedge funds and other institutional investors own 98.11% of the company’s stock.
Several research firms have recently weighed in on NRG. Zacks Investment Research upgraded shares of NRG Energy from a “sell” rating to a “hold” rating in a research note on Monday, February 12th. ValuEngine downgraded shares of NRG Energy from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Bank of America assumed coverage on shares of NRG Energy in a research note on Tuesday, October 24th. They issued a “buy” rating and a $31.00 target price for the company. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. NRG Energy presently has an average rating of “Buy” and an average target price of $24.67.
NRG Energy Inc (NRG) opened at $25.22 on Monday. The company has a market cap of $7,985.71, a P/E ratio of -4.95 and a beta of 1.15. NRG Energy Inc has a 12 month low of $14.52 and a 12 month high of $29.78. The company has a debt-to-equity ratio of 4.24, a quick ratio of 1.11 and a current ratio of 1.28.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Thursday, February 1st were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, January 31st. This represents a $0.12 annualized dividend and a yield of 0.48%. NRG Energy’s dividend payout ratio is currently -2.35%.
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NRG Energy Profile
NRG Energy, Inc (NRG) is an integrated power company. The Company is engaged in producing, selling and delivering electricity and related products and services in various markets in the United States. The Company’s segments include Generation, Retail, Renewables, NRG Yield, Inc (NRG Yield) and Corporate activities.
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