Meiji Yasuda Asset Management Co Ltd. Trims Holdings in NRG Energy, Inc. (NYSE:NRG)

Meiji Yasuda Asset Management Co Ltd. reduced its stake in NRG Energy, Inc. (NYSE:NRG) by 2.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,215 shares of the utilities provider’s stock after selling 110 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in NRG Energy were worth $380,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. SBI Securities Co. Ltd. acquired a new stake in NRG Energy during the fourth quarter worth about $32,000. UMB Bank n.a. grew its stake in shares of NRG Energy by 100.4% in the 4th quarter. UMB Bank n.a. now owns 455 shares of the utilities provider’s stock valued at $41,000 after buying an additional 228 shares during the period. RPg Family Wealth Advisory LLC acquired a new stake in shares of NRG Energy during the 3rd quarter worth approximately $43,000. Princeton Global Asset Management LLC raised 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 buying an additional 390 shares during the period. Finally, Larson Financial Group LLC lifted its holdings in NRG Energy by 221.0% in the fourth quarter. Larson Financial Group LLC now owns 504 shares of the utilities provider’s stock valued at $45,000 after acquiring an additional 347 shares during the last quarter. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on NRG shares. StockNews.com cut NRG Energy from a “buy” rating to a “hold” rating in a research note on Saturday, March 8th. Evercore ISI upgraded shares of NRG Energy from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $74.00 to $126.00 in a report on Tuesday, January 21st. Wells Fargo & Company upped their target price on shares of NRG Energy from $140.00 to $165.00 and gave the company an “overweight” rating in a research report on Thursday, February 27th. BMO Capital Markets lifted their price target on shares of NRG Energy from $100.00 to $115.00 and gave the company a “market perform” rating in a research report on Monday, March 3rd. Finally, Guggenheim upped their price objective on shares of NRG Energy from $134.00 to $145.00 and gave the stock a “buy” 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’s stock. Based on data from MarketBeat.com, NRG Energy currently has an average rating of “Moderate Buy” and an average price target of $123.29.

Insider Buying and Selling at NRG Energy

In other news, VP Robert J. Gaudette sold 60,000 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $91.41, for a total value 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. This trade represents a 48.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Bruce Chung sold 20,000 shares of the business’s stock in a transaction 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 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 ownership of the stock. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by corporate insiders.

NRG Energy Stock Down 1.6 %

Shares of NYSE:NRG opened at $95.77 on Friday. The firm’s 50-day moving average is $101.94 and its two-hundred day moving average is $95.45. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. NRG Energy, Inc. has a 1 year low of $65.11 and a 1 year high of $117.26. The firm has a market capitalization of $19.51 billion, a PE ratio of 24.06, a price-to-earnings-growth ratio of 1.01 and a beta of 1.13.

NRG Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.44 per share. The ex-dividend date of this dividend was Monday, February 3rd. This is a positive change from NRG Energy’s previous quarterly dividend of $0.41. This represents a $1.76 dividend on an annualized basis and a yield of 1.84%. NRG Energy’s dividend payout ratio is 35.92%.

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.