Teachers Retirement System Reduces NRG Energy Holdings

The Kentucky pension fund sold over 112,000 shares of the utility provider in Q3 2025.

Mar. 3, 2026 at 8:39am

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Teachers Retirement System of The State of Kentucky lowered its holdings in NRG Energy, Inc. (NYSE:NRG) by 41.1% during the third quarter, according to a recent SEC filing. The fund owned 162,063 shares of the utilities provider's stock after selling 112,930 shares during the quarter.

Why it matters

This filing provides insight into the investment decisions of a major institutional investor, the Teachers Retirement System of Kentucky, and their views on the outlook for NRG Energy's stock performance.

The details

According to the filing, the Kentucky pension fund reduced its stake in NRG Energy by over 41% in the third quarter of 2025, selling 112,930 shares. This left the fund with a remaining position of 162,063 shares, or about 0.08% ownership in the utility company.

  • The filing covers the third quarter of 2025.

The players

Teachers Retirement System of The State of Kentucky

A public pension fund that manages retirement assets for teachers in the state of Kentucky.

NRG Energy, Inc.

A U.S.-based integrated power company that develops, owns and operates a diversified portfolio of power generation assets.

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The takeaway

This filing suggests the Teachers Retirement System of Kentucky has a more cautious outlook on NRG Energy's stock performance, reducing its position by over 40% in Q3 2025. This could signal broader institutional concerns about the utility company's prospects.