Mitsubishi UFJ Trust & Banking Corp Decreases Stake in NRG Energy, Inc. (NYSE:NRG)

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in NRG Energy, Inc. (NYSE:NRG) by 10.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 358,581 shares of the utilities provider’s stock after selling 41,706 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.18% of NRG Energy worth $32,351,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. SBI Securities Co. Ltd. purchased a new position in shares of NRG Energy in the 4th quarter valued at about $32,000. UMB Bank n.a. grew its position in NRG Energy by 100.4% during the fourth quarter. UMB Bank n.a. now owns 455 shares of the utilities provider’s stock worth $41,000 after buying an additional 228 shares during the period. RPg Family Wealth Advisory LLC purchased a new position in NRG Energy in the third quarter valued at about $43,000. Princeton Global Asset Management LLC lifted its position in shares of NRG Energy by 414.9% during the 4th quarter. Princeton Global Asset Management LLC now owns 484 shares of the utilities provider’s stock valued at $44,000 after acquiring an additional 390 shares during the period. Finally, Larson Financial Group LLC boosted its stake in shares of NRG Energy by 221.0% during the 4th quarter. Larson Financial Group LLC now owns 504 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 347 shares in the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.

NRG Energy Stock Performance

NRG Energy stock opened at $97.34 on Thursday. The stock has a fifty day moving average price of $102.14 and a 200 day moving average price of $95.45. NRG Energy, Inc. has a 52 week low of $65.11 and a 52 week high of $117.26. The firm has a market capitalization of $19.82 billion, a P/E ratio of 24.46, a PEG ratio of 1.01 and a beta of 1.13. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57.

NRG Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.81%. This is an increase from NRG Energy’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Monday, February 3rd. NRG Energy’s payout ratio is presently 35.92%.

Insider Buying and Selling

In other news, CFO Bruce Chung sold 20,000 shares of NRG Energy stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $97.63, for a total value of $1,952,600.00. Following the transaction, the chief financial officer now directly owns 69,454 shares of the company’s stock, valued at $6,780,794.02. The trade was a 22.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Robert J. Gaudette sold 60,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $91.41, for a total transaction of $5,484,600.00. Following the sale, the vice president now directly owns 64,448 shares of the company’s stock, valued at approximately $5,891,191.68. This trade represents a 48.21 % decrease in their position. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on NRG shares. Evercore ISI raised NRG Energy from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $74.00 to $126.00 in a report on Tuesday, January 21st. Morgan Stanley raised their price target on NRG Energy from $86.00 to $99.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 19th. StockNews.com lowered shares of NRG Energy from a “buy” rating to a “hold” rating in a research report on Saturday, March 8th. BMO Capital Markets raised their target price on shares of NRG Energy from $100.00 to $115.00 and gave the company a “market perform” rating in a report on Monday, March 3rd. Finally, Wells Fargo & Company upped their price target on shares of NRG Energy from $140.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday, February 27th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $123.29.

About NRG Energy

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.