Oregon Public Employees Retirement Fund Maintains Stake in NRG Energy, Inc. (NYSE:NRG)

Oregon Public Employees Retirement Fund continued to hold its position in NRG Energy, Inc. (NYSE:NRG) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 32,090 shares of the utilities provider’s stock at the end of the second quarter. Oregon Public Employees Retirement Fund’s holdings in NRG Energy were worth $553,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Renaissance Technologies LLC purchased a new position in NRG Energy during the fourth quarter worth about $3,532,000. Thrivent Financial for Lutherans boosted its position in NRG Energy by 6.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 10,920 shares of the utilities provider’s stock worth $134,000 after buying an additional 680 shares during the period. Teachers Advisors LLC boosted its position in NRG Energy by 5.8% in the fourth quarter. Teachers Advisors LLC now owns 392,722 shares of the utilities provider’s stock worth $4,815,000 after buying an additional 21,422 shares during the period. Kentucky Retirement Systems purchased a new position in NRG Energy during the fourth quarter worth about $281,000. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new position in NRG Energy during the fourth quarter worth about $125,000. Institutional investors own 92.46% of the company’s stock.

NRG Energy, Inc. (NYSE NRG) traded down 0.3276% on Monday, reaching $24.3699. 681,244 shares of the company traded hands. The stock has a 50-day moving average of $19.91 and a 200 day moving average of $17.67. NRG Energy, Inc. has a 52-week low of $9.84 and a 52-week high of $25.43. The company’s market capitalization is $7.70 billion.

NRG Energy (NYSE:NRG) last issued its earnings results on Thursday, August 3rd. The utilities provider reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.31. NRG Energy had a negative net margin of 10.67% and a positive return on equity of 12.38%. The firm had revenue of $2.70 billion for the quarter, compared to analyst estimates of $3.19 billion. During the same quarter last year, the business posted ($0.61) earnings per share. The company’s quarterly revenue was up 20.2% on a year-over-year basis. On average, equities analysts forecast that NRG Energy, Inc. will post $0.77 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st will be given a $0.03 dividend. The ex-dividend date is Friday, July 28th. This represents a $0.12 dividend on an annualized basis and a yield of 0.49%. NRG Energy’s dividend payout ratio is currently -2.75%.

NRG has been the subject of a number of research analyst reports. Deutsche Bank AG cut their target price on shares of NRG Energy from $29.00 to $26.00 and set a “buy” rating for the company in a research note on Tuesday, April 11th. Zacks Investment Research upgraded shares of NRG Energy from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research note on Wednesday, April 12th. Barclays PLC reiterated an “overweight” rating and issued a $20.00 target price (up previously from $19.00) on shares of NRG Energy in a research note on Sunday, April 23rd. UBS AG upgraded shares of NRG Energy from a “neutral” rating to a “buy” rating and lifted their target price for the company from $19.00 to $20.00 in a research note on Thursday, June 1st. Finally, Williams Capital initiated coverage on shares of NRG Energy in a research note on Thursday, June 1st. They issued a “buy” rating and a $20.00 target price for the company. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $21.13.

About NRG Energy

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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