Sumitomo Mitsui Trust Group Inc. Has $42.42 Million Stock Position in NRG Energy, Inc. (NYSE:NRG)

Sumitomo Mitsui Trust Group Inc. reduced its holdings in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 10.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 470,174 shares of the utilities provider's stock after selling 53,584 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.23% of NRG Energy worth $42,419,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Ashton Thomas Securities LLC bought a new position in NRG Energy during the third quarter worth $26,000. Covestor Ltd lifted its stake in shares of NRG Energy by 74.7% during the 3rd quarter. Covestor Ltd now owns 325 shares of the utilities provider's stock worth $30,000 after buying an additional 139 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new position in NRG Energy in the 3rd quarter valued at about $35,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in NRG Energy in the 3rd quarter valued at about $36,000. Finally, UMB Bank n.a. lifted 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 acquiring an additional 228 shares during the last quarter. 97.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NRG has been the topic of several research reports. Jefferies Financial Group raised NRG Energy from a "hold" rating to a "buy" rating and upped their target price for the company from $93.00 to $113.00 in a research report on Tuesday, November 26th. Evercore ISI raised NRG Energy from an "in-line" rating to an "outperform" rating and upped their price objective for the company from $74.00 to $126.00 in a report on Tuesday, January 21st. Wells Fargo & Company lifted their target price on NRG Energy from $130.00 to $140.00 and gave the stock an "overweight" rating in a report on Monday, November 11th. Citigroup upped their price target on shares of NRG Energy from $84.00 to $100.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Finally, BMO Capital Markets boosted their price objective on shares of NRG Energy from $94.00 to $100.00 and gave the company a "market perform" rating in a report on Tuesday, November 19th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $111.43.

Insider Buying and Selling at NRG Energy

In related news, CFO Bruce Chung sold 20,000 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were 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 owns 69,454 shares of the company's stock, valued at $6,780,794.02. This represents a 22.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Robert J. Gaudette sold 60,000 shares of the company's stock in a transaction 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 transaction, the vice president now owns 64,448 shares of the company's stock, valued at $5,891,191.68. This trade represents a 48.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.86% of the company's stock.

NRG Energy Price Performance

Shares of NYSE:NRG traded down $0.39 during midday trading on Tuesday, hitting $104.79. The stock had a trading volume of 2,597,357 shares, compared to its average volume of 3,065,554. The company's 50-day moving average price is $98.70 and its 200-day moving average price is $90.66. NRG Energy, Inc. has a fifty-two week low of $51.26 and a fifty-two week high of $115.38. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57. The company has a market capitalization of $21.23 billion, a P/E ratio of 26.33, a price-to-earnings-growth ratio of 1.22 and a beta of 1.15.

NRG Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be given a dividend of $0.44 per share. This is an increase from NRG Energy's previous quarterly dividend of $0.41. This represents a $1.76 annualized dividend and a yield of 1.68%. The ex-dividend date is Monday, February 3rd. NRG Energy's payout ratio is currently 44.22%.

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.