Oregon Public Employees Retirement Fund Has $3.59 Million Stock Position in NRG Energy, Inc. $NRG

Oregon Public Employees Retirement Fund lifted its position in shares of NRG Energy, Inc. (NYSE:NRG) by 31.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,161 shares of the utilities provider’s stock after acquiring an additional 5,296 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in NRG Energy were worth $3,589,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in NRG Energy by 41.8% during the 4th quarter. Brighton Jones LLC now owns 5,187 shares of the utilities provider’s stock worth $468,000 after purchasing an additional 1,528 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of NRG Energy during the 1st quarter worth approximately $323,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of NRG Energy by 7.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,257 shares of the utilities provider’s stock worth $1,934,000 after buying an additional 1,381 shares during the period. Woodline Partners LP raised its stake in shares of NRG Energy by 40.7% during the first quarter. Woodline Partners LP now owns 17,114 shares of the utilities provider’s stock worth $1,634,000 after buying an additional 4,949 shares during the last quarter. Finally, Belpointe Asset Management LLC lifted its holdings in NRG Energy by 21.0% in the first quarter. Belpointe Asset Management LLC now owns 6,312 shares of the utilities provider’s stock valued at $603,000 after buying an additional 1,094 shares during the period. 97.72% of the stock is currently owned by institutional investors and hedge funds.

NRG Energy Stock Up 4.2%

NYSE:NRG opened at $149.61 on Monday. NRG Energy, Inc. has a 1 year low of $79.57 and a 1 year high of $180.54. The stock has a 50-day moving average price of $162.87 and a two-hundred day moving average price of $160.29. The stock has a market cap of $28.67 billion, a price-to-earnings ratio of 22.36 and a beta of 1.25. The company has a current ratio of 1.05, a quick ratio of 0.99 and a debt-to-equity ratio of 8.45.

NRG Energy (NYSE:NRG) last released its quarterly earnings results on Thursday, November 6th. The utilities provider reported $2.78 EPS for the quarter, topping analysts’ consensus estimates of $1.93 by $0.85. NRG Energy had a return on equity of 103.57% and a net margin of 4.84%.The company had revenue of $7.64 billion for the quarter, compared to analyst estimates of $7.53 billion. During the same quarter last year, the firm posted $1.90 earnings per share. NRG Energy’s revenue was up 5.7% compared to the same quarter last year. As a group, equities analysts expect that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 3rd were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.2%. The ex-dividend date was Monday, November 3rd. NRG Energy’s dividend payout ratio (DPR) is 26.31%.

NRG Energy declared that its board has authorized a stock repurchase program on Thursday, November 6th that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the utilities provider to repurchase up to 9.2% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

NRG has been the subject of a number of analyst reports. Scotiabank began coverage on shares of NRG Energy in a report on Monday, September 22nd. They set a “sector outperform” rating and a $212.00 target price for the company. UBS Group assumed coverage on NRG Energy in a research note on Tuesday, December 9th. They set a “buy” rating and a $211.00 price objective for the company. Morgan Stanley reissued an “underperform” rating on shares of NRG Energy in a research note on Thursday, November 20th. BMO Capital Markets boosted their target price on NRG Energy from $185.00 to $195.00 and gave the stock a “market perform” rating in a research report on Friday, November 7th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $198.00 price target on shares of NRG Energy in a research note on Monday, October 20th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $199.21.

Insider Activity at NRG Energy

In related news, VP Brian Curci sold 60,580 shares of the business’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $161.71, for a total value of $9,796,391.80. Following the sale, the vice president directly owned 93,089 shares of the company’s stock, valued at approximately $15,053,422.19. The trade was a 39.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Bruce Chung sold 12,383 shares of the stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $156.56, for a total value of $1,938,682.48. Following the transaction, the chief financial officer owned 79,147 shares of the company’s stock, valued at approximately $12,391,254.32. This trade represents a 13.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 192,556 shares of company stock worth $30,826,846 over the last ninety days. 0.61% of the stock is owned by corporate insiders.

About NRG Energy

NRG Energy (NYSE: NRG) is a U.S.-based integrated power company headquartered in Houston, Texas. The company develops, owns and operates a diversified portfolio of power generation assets and participates in wholesale and retail energy markets. NRG supplies electricity to utilities, commercial and industrial customers, and retail consumers, while also providing energy-related products and services designed to manage consumption and support reliability.

NRG’s generation mix includes conventional thermal plants as well as renewable and distributed energy resources.