NRG Energy, Inc. $NRG Stock Holdings Decreased by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lessened its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 19.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 398,114 shares of the utilities provider’s stock after selling 96,306 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.20% of NRG Energy worth $63,929,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of NRG. Brighton Jones LLC increased its holdings in shares of NRG Energy by 41.8% during the 4th quarter. Brighton Jones LLC now owns 5,187 shares of the utilities provider’s stock valued at $468,000 after acquiring an additional 1,528 shares during the last quarter. Stratos Wealth Partners LTD. grew its holdings in NRG Energy by 4.8% during the first quarter. Stratos Wealth Partners LTD. now owns 2,836 shares of the utilities provider’s stock valued at $271,000 after purchasing an additional 129 shares during the last quarter. Allworth Financial LP raised its position in shares of NRG Energy by 19.2% in the first quarter. Allworth Financial LP now owns 758 shares of the utilities provider’s stock valued at $72,000 after purchasing an additional 122 shares during the period. Cerity Partners LLC lifted its stake in shares of NRG Energy by 8.9% in the first quarter. Cerity Partners LLC now owns 30,127 shares of the utilities provider’s stock worth $2,876,000 after buying an additional 2,450 shares during the last quarter. Finally, Ballentine Partners LLC grew its stake in NRG Energy by 5.5% in the 1st quarter. Ballentine Partners LLC now owns 3,734 shares of the utilities provider’s stock valued at $356,000 after buying an additional 194 shares during the last quarter. 97.72% of the stock is currently owned by institutional investors.

NRG Energy Price Performance

NRG Energy stock opened at $168.50 on Thursday. The company has a quick ratio of 0.88, a current ratio of 0.93 and a debt-to-equity ratio of 5.99. The stock has a market cap of $32.29 billion, a price-to-earnings ratio of 76.24 and a beta of 1.16. The business’s 50-day simple moving average is $165.55 and its 200 day simple moving average is $155.48. NRG Energy, Inc. has a 12-month low of $79.57 and a 12-month high of $180.54.

NRG Energy (NYSE:NRG) last released its earnings results on Thursday, November 6th. The utilities provider reported $2.78 EPS for the quarter, topping analysts’ consensus estimates of $1.93 by $0.85. The firm had revenue of $7.64 billion during the quarter, compared to analyst estimates of $7.53 billion. NRG Energy had a net margin of 1.78% and a return on equity of 88.22%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.90 EPS. As a group, research analysts anticipate that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, November 3rd will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Monday, November 3rd. NRG Energy’s dividend payout ratio (DPR) is presently 26.31%.

NRG Energy announced that its board has initiated a share repurchase program on Thursday, November 6th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the utilities provider to repurchase up to 9.2% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on NRG shares. Zacks Research raised shares of NRG Energy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. Melius began coverage on NRG Energy in a research note on Wednesday, August 20th. They issued a “buy” rating and a $308.00 target price for the company. Wall Street Zen cut shares of NRG Energy from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Melius Research initiated coverage on shares of NRG Energy in a research note on Wednesday, August 20th. They issued a “buy” rating and a $308.00 target price on the stock. Finally, Morgan Stanley cut their price target on shares of NRG Energy from $145.00 to $144.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 28th. Three research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $198.31.

Insider Buying and Selling

In other NRG Energy news, VP Dak Liyanearachchi sold 10,672 shares of NRG Energy stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $155.00, for a total transaction of $1,654,160.00. Following the transaction, the vice president directly owned 48,571 shares in the company, valued at approximately $7,528,505. The trade was a 18.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.86% of the company’s stock.

NRG Energy 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.