Mitsubishi UFJ Trust & Banking Corp Sells 21,493 Shares of NRG Energy, Inc. $NRG

Mitsubishi UFJ Trust & Banking Corp lowered its position in NRG Energy, Inc. (NYSE:NRG) by 5.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 376,621 shares of the utilities provider’s stock after selling 21,493 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in NRG Energy were worth $60,994,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of NRG. Brighton Jones LLC lifted its position in shares of NRG Energy by 41.8% in the fourth 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 in the last quarter. Integrated Wealth Concepts LLC purchased a new position in NRG Energy in the 1st quarter worth approximately $323,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in NRG Energy by 7.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,257 shares of the utilities provider’s stock worth $1,934,000 after purchasing an additional 1,381 shares during the period. Woodline Partners LP grew its holdings in NRG Energy by 40.7% during the 1st quarter. Woodline Partners LP now owns 17,114 shares of the utilities provider’s stock valued at $1,634,000 after buying an additional 4,949 shares in the last quarter. Finally, CX Institutional raised its position in shares of NRG Energy by 20.8% during the second quarter. CX Institutional now owns 2,083 shares of the utilities provider’s stock valued at $335,000 after buying an additional 359 shares during the last quarter. 97.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

NRG has been the subject of a number of research reports. Morgan Stanley restated an “underperform” rating on shares of NRG Energy in a research report on Thursday, November 20th. Zacks Research lowered NRG Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of NRG Energy in a research report on Monday, December 29th. UBS Group initiated coverage on NRG Energy in a report on Tuesday, December 9th. They set a “buy” rating and a $211.00 price target for the company. Finally, Wells Fargo & Company upped their price objective on NRG Energy from $202.00 to $206.00 and gave the stock an “overweight” rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, NRG Energy has a consensus rating of “Moderate Buy” and a consensus price target of $186.45.

NRG Energy Stock Performance

NYSE NRG opened at $149.37 on Friday. The business’s 50 day moving average price is $159.37 and its 200-day moving average price is $159.78. NRG Energy, Inc. has a fifty-two week low of $79.57 and a fifty-two week high of $180.54. The company has a market cap of $28.63 billion, a P/E ratio of 22.33 and a beta of 1.25. The company has a debt-to-equity ratio of 8.45, a quick ratio of 0.99 and a current ratio of 1.05.

NRG Energy (NYSE:NRG) last released its quarterly 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. NRG Energy had a net margin of 4.84% and a return on equity of 103.57%. The firm had revenue of $7.64 billion during the quarter, compared to analysts’ expectations of $7.53 billion. During the same period in the previous year, the company earned $1.90 EPS. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. Sell-side analysts predict that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy declared that its board has approved a stock repurchase program on Thursday, November 6th that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the utilities provider to reacquire up to 9.2% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Insider Activity at NRG Energy

In other news, VP Robert J. Gaudette sold 45,000 shares of the firm’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $158.76, for a total transaction of $7,144,200.00. Following the transaction, the vice president owned 63,920 shares in the company, valued at approximately $10,147,939.20. This trade represents a 41.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Virginia Kinney sold 20,000 shares of the firm’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $163.82, for a total transaction of $3,276,400.00. Following the transaction, the vice president directly owned 43,191 shares in the company, valued at $7,075,549.62. This trade represents a 31.65% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 192,556 shares of company stock valued at $30,826,846. Company insiders own 0.86% of the company’s stock.

NRG Energy Profile

NRG Energy (NYSE: NRG) is a U.S.-based integrated power company headquartered in Houston, Texas. The company develops, owns and operates a diversified portfolio of power generation assets and participates in wholesale and retail energy markets. NRG supplies electricity to utilities, commercial and industrial customers, and retail consumers, while also providing energy-related products and services designed to manage consumption and support reliability.

NRG’s generation mix includes conventional thermal plants as well as renewable and distributed energy resources.