NRG Energy, Inc. (NYSE:NRG) Stock Holdings Increased by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp raised its stake in NRG Energy, Inc. (NYSE:NRG) by 0.9% during the 1st quarter, Holdings Channel reports. The institutional investor owned 396,037 shares of the utilities provider’s stock after purchasing an additional 3,695 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in NRG Energy were worth $27,468,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. LifeSteps Financial Inc. purchased a new position in shares of NRG Energy during the 1st quarter valued at $31,000. Mather Group LLC. acquired a new position in NRG Energy in the 1st quarter worth about $33,000. CENTRAL TRUST Co raised its stake in shares of NRG Energy by 1,005.5% during the 4th quarter. CENTRAL TRUST Co now owns 807 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 734 shares in the last quarter. Blue Trust Inc. grew its stake in shares of NRG Energy by 35.4% in the 4th quarter. Blue Trust Inc. now owns 865 shares of the utilities provider’s stock valued at $45,000 after buying an additional 226 shares in the last quarter. Finally, Central Pacific Bank Trust Division acquired a new stake in NRG Energy in the first quarter valued at approximately $45,000. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Insider Activity at NRG Energy

In other NRG Energy news, insider Rasesh M. Patel sold 24,546 shares of the firm’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $83.41, for a total value of $2,047,381.86. Following the sale, the insider now directly owns 266,064 shares in the company, valued at approximately $22,192,398.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.86% of the company’s stock.

NRG Energy Stock Performance

NRG stock traded up $1.28 during mid-day trading on Friday, reaching $74.91. 3,455,927 shares of the stock traded hands, compared to its average volume of 3,097,083. The company has a quick ratio of 0.95, a current ratio of 1.01 and a debt-to-equity ratio of 3.61. The business has a 50-day moving average of $79.98 and a two-hundred day moving average of $68.18. The firm has a market capitalization of $15.62 billion, a PE ratio of 10.61 and a beta of 1.07. NRG Energy, Inc. has a 52 week low of $35.97 and a 52 week high of $87.58.

NRG Energy (NYSE:NRG) last announced its earnings results on Tuesday, May 7th. The utilities provider reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.12). The business had revenue of $7.43 billion for the quarter. NRG Energy had a net margin of 5.76% and a return on equity of 42.60%. As a group, equities analysts predict that NRG Energy, Inc. will post 4.5 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be given a dividend of $0.4075 per share. This represents a $1.63 dividend on an annualized basis and a yield of 2.18%. NRG Energy’s dividend payout ratio (DPR) is currently 23.09%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on NRG. Wells Fargo & Company increased their price target on shares of NRG Energy from $100.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 15th. BMO Capital Markets raised their target price on NRG Energy from $73.00 to $82.00 and gave the company a “market perform” rating in a report on Wednesday, May 8th. Finally, Morgan Stanley boosted their price target on NRG Energy from $70.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 28th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $71.14.

NRG Energy Company Profile

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.