NRG Energy, Inc. (NYSE:NRG) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp trimmed its stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 10.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 358,581 shares of the utilities provider's stock after selling 41,706 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.18% of NRG Energy worth $32,351,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Geode Capital Management LLC lifted its holdings in NRG Energy by 6.2% in the 3rd quarter. Geode Capital Management LLC now owns 5,399,098 shares of the utilities provider's stock valued at $494,225,000 after purchasing an additional 313,478 shares in the last quarter. Banco Santander S.A. lifted its stake in shares of NRG Energy by 0.3% in the fourth quarter. Banco Santander S.A. now owns 2,828,000 shares of the utilities provider's stock worth $255,142,000 after buying an additional 7,500 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its position in NRG Energy by 7.4% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,663,441 shares of the utilities provider's stock worth $242,639,000 after acquiring an additional 182,481 shares during the last quarter. Appaloosa LP lifted its stake in NRG Energy by 81.5% in the 4th quarter. Appaloosa LP now owns 1,815,000 shares of the utilities provider's stock worth $163,749,000 after purchasing an additional 815,180 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of NRG Energy by 1,010.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,557,350 shares of the utilities provider's stock worth $140,504,000 after purchasing an additional 1,417,057 shares during the last quarter. Institutional investors and hedge funds own 97.72% of the company's stock.

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NRG Energy Stock Down 0.7 %

NYSE:NRG traded down $0.71 during mid-day trading on Friday, hitting $95.05. The stock had a trading volume of 2,403,211 shares, compared to its average volume of 3,083,958. NRG Energy, Inc. has a twelve month low of $65.11 and a twelve month high of $117.26. The stock has a 50-day simple moving average of $101.75 and a two-hundred day simple moving average of $95.69. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. The company has a market capitalization of $19.36 billion, a PE ratio of 23.88, a PEG ratio of 1.01 and a beta of 1.13.

NRG Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a dividend of $0.44 per share. This is a boost from NRG Energy's previous quarterly dividend of $0.41. This represents a $1.76 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend was Monday, February 3rd. NRG Energy's payout ratio is 35.92%.

Analyst Ratings Changes

A number of equities analysts recently commented on NRG shares. BMO Capital Markets lifted their price objective on NRG Energy from $100.00 to $115.00 and gave the stock a "market perform" rating in a research report on Monday, March 3rd. Guggenheim boosted their price target on shares of NRG Energy from $134.00 to $145.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Wells Fargo & Company upped their price objective 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. Evercore ISI upgraded shares of NRG Energy from an "in-line" rating to an "outperform" rating and boosted their target price for the company from $74.00 to $126.00 in a report on Tuesday, January 21st. Finally, StockNews.com downgraded shares of NRG Energy from a "buy" rating to a "hold" rating in a research note on Saturday, March 8th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $123.29.

Insider Buying and Selling

In related news, CFO Bruce Chung sold 20,000 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer now directly owns 69,454 shares of the company's stock, valued at $6,780,794.02. This represents a 22.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Robert J. Gaudette sold 60,000 shares of the firm's 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 in the company, valued at approximately $5,891,191.68. The trade was a 48.21 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.86% of the company's stock.

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.