NRG Energy, Inc. (NYSE:NRG) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. decreased its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 10.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 470,174 shares of the utilities provider’s stock after selling 53,584 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.23% of NRG Energy worth $42,419,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Brookstone Capital Management purchased a new position in NRG Energy in the third quarter valued at approximately $211,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of NRG Energy in the 3rd quarter valued at $36,000. Gateway Investment Advisers LLC purchased a new position in shares of NRG Energy in the 3rd quarter valued at $369,000. Koshinski Asset Management Inc. acquired a new position in shares of NRG Energy during the 3rd quarter valued at $1,155,000. Finally, ORG Wealth Partners LLC purchased a new stake in NRG Energy during the 3rd quarter worth $128,000. Hedge funds and other institutional investors own 97.72% of the company’s stock.

NRG Energy Stock Up 2.2 %

NRG stock opened at $105.24 on Tuesday. 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 firm has a 50 day simple moving average of $98.70 and a 200-day simple moving average of $90.66. The company has a market capitalization of $21.32 billion, a P/E ratio of 26.44, a PEG ratio of 1.22 and a beta of 1.15. NRG Energy, Inc. has a twelve month low of $51.26 and a twelve month high of $115.38.

NRG Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be given a $0.44 dividend. The ex-dividend date is Monday, February 3rd. This represents a $1.76 annualized dividend and a dividend yield of 1.67%. This is an increase from NRG Energy’s previous quarterly dividend of $0.41. NRG Energy’s payout ratio is presently 44.22%.

Insider Activity

In other NRG Energy news, VP Robert J. Gaudette sold 60,000 shares of the company’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 owns 64,448 shares in the company, valued at $5,891,191.68. This represents a 48.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Bruce Chung sold 20,000 shares of NRG Energy 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 owns 69,454 shares of the company’s stock, valued at approximately $6,780,794.02. The trade was a 22.36 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.86% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.