Sumitomo Mitsui Trust Group Inc. Sells 10,521 Shares of NRG Energy, Inc. $NRG

Sumitomo Mitsui Trust Group Inc. trimmed its position in shares of NRG Energy, Inc. (NYSE:NRG) by 2.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 462,848 shares of the utilities provider’s stock after selling 10,521 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in NRG Energy were worth $67,641,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of NRG. State Street Corp grew its position in NRG Energy by 2.2% during the fourth quarter. State Street Corp now owns 10,868,408 shares of the utilities provider’s stock valued at $1,730,685,000 after acquiring an additional 234,666 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of NRG Energy by 178.1% in the 4th quarter. Victory Capital Management Inc. now owns 7,676,513 shares of the utilities provider’s stock worth $1,222,409,000 after acquiring an additional 4,916,653 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of NRG Energy by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 5,637,726 shares of the utilities provider’s stock valued at $910,324,000 after purchasing an additional 82,162 shares in the last quarter. Invesco Ltd. boosted its stake in shares of NRG Energy by 0.6% in the 3rd quarter. Invesco Ltd. now owns 4,880,954 shares of the utilities provider’s stock valued at $790,471,000 after purchasing an additional 31,238 shares in the last quarter. Finally, Capital World Investors bought a new position in shares of NRG Energy during the 4th quarter valued at $305,817,000. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Insider Buying and Selling

In other NRG Energy news, VP Virginia Kinney sold 20,000 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $127.52, for a total value of $2,550,400.00. Following the completion of the sale, the vice president owned 45,111 shares in the company, valued at approximately $5,752,554.72. This trade represents a 30.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on NRG shares. Barclays lowered their price target on shares of NRG Energy from $203.00 to $200.00 and set an “overweight” rating for the company in a research note on Tuesday, March 31st. Williams Trading set a $184.00 price objective on NRG Energy in a report on Monday, July 6th. Raymond James Financial set a $210.00 target price on NRG Energy in a research note on Monday, April 27th. Wolfe Research upgraded NRG Energy from a “peer perform” rating to an “outperform” rating and set a $190.00 target price for the company in a report on Wednesday, March 18th. Finally, Weiss Ratings lowered NRG Energy from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $197.80.

NRG Energy Trading Up 0.1%

NRG traded up $0.12 during trading on Friday, hitting $140.60. 1,085,666 shares of the stock traded hands, compared to its average volume of 2,605,118. The firm has a market capitalization of $29.66 billion, a P/E ratio of 165.41 and a beta of 1.21. NRG Energy, Inc. has a 12-month low of $120.11 and a 12-month high of $189.96. The company has a debt-to-equity ratio of 4.68, a current ratio of 0.84 and a quick ratio of 0.78. The firm has a 50-day moving average of $136.64 and a 200 day moving average of $150.46.

NRG Energy (NYSE:NRG) last released its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.30). The firm had revenue of $10.26 billion during the quarter, compared to analysts’ expectations of $8.43 billion. NRG Energy had a net margin of 0.74% and a return on equity of 70.67%. NRG Energy’s revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.68 EPS. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. Equities research analysts anticipate that NRG Energy, Inc. will post 8.89 EPS for the current year.

NRG Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were issued a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Friday, May 1st. NRG Energy’s payout ratio is currently 223.53%.

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.