Mitsubishi UFJ Asset Management Co. Ltd. Has $31.96 Million Holdings in NRG Energy, Inc. (NYSE:NRG)

Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in NRG Energy, Inc. (NYSE:NRG) by 4.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 324,494 shares of the utilities provider’s stock after purchasing an additional 14,821 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in NRG Energy were worth $31,963,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. TrueMark Investments LLC purchased a new position in NRG Energy during the fourth quarter valued at approximately $3,968,000. Prudential Financial Inc. boosted its stake in shares of NRG Energy by 3.1% during the 4th quarter. Prudential Financial Inc. now owns 1,374,245 shares of the utilities provider’s stock valued at $123,984,000 after buying an additional 41,094 shares during the period. Napatree Capital LLC grew its holdings in shares of NRG Energy by 13.7% during the 4th quarter. Napatree Capital LLC now owns 4,736 shares of the utilities provider’s stock valued at $427,000 after acquiring an additional 570 shares in the last quarter. Stevens Capital Management LP acquired a new position in shares of NRG Energy in the fourth quarter worth $867,000. Finally, LPL Financial LLC raised its holdings in shares of NRG Energy by 19.6% during the fourth quarter. LPL Financial LLC now owns 221,039 shares of the utilities provider’s stock worth $19,942,000 after acquiring an additional 36,181 shares in the last quarter. 97.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on NRG. StockNews.com lowered NRG Energy from a “buy” rating to a “hold” rating in a research report on Saturday, March 8th. BMO Capital Markets raised their price objective 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. Guggenheim boosted their target price on shares of NRG Energy from $134.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Wells Fargo & Company raised their price target on shares of NRG Energy from $140.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday, February 27th. Finally, Morgan Stanley lifted their price objective on shares of NRG Energy from $86.00 to $99.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $123.29.

NRG Energy Stock Performance

NYSE:NRG opened at $95.05 on Friday. The firm has a market capitalization of $19.36 billion, a PE ratio of 23.88, a PEG ratio of 1.01 and a beta of 1.13. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. NRG Energy, Inc. has a 1 year low of $65.11 and a 1 year high of $117.26. The firm’s fifty day simple moving average is $101.75 and its 200 day simple moving average is $95.69.

NRG Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend was Monday, February 3rd. This is a boost from NRG Energy’s previous quarterly dividend of $0.41. NRG Energy’s payout ratio is currently 35.92%.

Insider Activity at NRG Energy

In related news, CFO Bruce Chung sold 20,000 shares of the company’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $97.63, for a total transaction of $1,952,600.00. Following the completion of the transaction, the chief financial officer now directly owns 69,454 shares in the company, valued at $6,780,794.02. This represents a 22.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Robert J. Gaudette sold 60,000 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $91.41, for a total transaction of $5,484,600.00. Following the completion of the sale, the vice president now directly owns 64,448 shares of the company’s stock, valued at approximately $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. 0.86% of the stock is owned by corporate insiders.

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.