NRG Energy Inc (NRG) Shares Bought by MUFG Securities EMEA plc
MUFG Securities EMEA plc grew its stake in NRG Energy Inc (NYSE:NRG) by 233.8% during the fourth quarter, HoldingsChannel reports. The fund owned 27,455 shares of the utilities provider’s stock after purchasing an additional 19,229 shares during the quarter. MUFG Securities EMEA plc’s holdings in NRG Energy were worth $1,087,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the business. Robeco Institutional Asset Management B.V. increased its stake in NRG Energy by 756.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 85,361 shares of the utilities provider’s stock worth $3,192,000 after acquiring an additional 75,397 shares during the period. Stratos Wealth Partners LTD. bought a new position in NRG Energy during the 3rd quarter worth $145,000. Sumitomo Mitsui Trust Holdings Inc. increased its stake in NRG Energy by 77.2% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 26,596 shares of the utilities provider’s stock worth $995,000 after acquiring an additional 11,584 shares during the period. Toronto Dominion Bank increased its stake in NRG Energy by 4.3% during the 3rd quarter. Toronto Dominion Bank now owns 169,507 shares of the utilities provider’s stock worth $6,337,000 after acquiring an additional 7,016 shares during the period. Finally, ClariVest Asset Management LLC bought a new position in NRG Energy during the 3rd quarter worth $393,000. Institutional investors and hedge funds own 97.23% of the company’s stock.
In other news, EVP Christopher Moser sold 34,296 shares of NRG Energy stock in a transaction on Friday, January 4th. The stock was sold at an average price of $38.23, for a total value of $1,311,136.08. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP David Callen sold 41,011 shares of NRG Energy stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $41.83, for a total value of $1,715,490.13. Following the completion of the transaction, the senior vice president now owns 58,130 shares in the company, valued at approximately $2,431,577.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 93,878 shares of company stock worth $3,758,695. Corporate insiders own 0.38% of the company’s stock.
The firm also recently declared a quarterly dividend, which was paid on Friday, February 15th. Stockholders of record on Friday, February 1st were paid a $0.03 dividend. The ex-dividend date was Thursday, January 31st. This represents a $0.12 annualized dividend and a dividend yield of 0.29%. NRG Energy’s payout ratio is 4.98%.
A number of research firms have commented on NRG. Deutsche Bank set a $43.00 price objective on NRG Energy and gave the stock a “hold” rating in a research note on Friday, March 1st. Macquarie set a $48.00 price objective on NRG Energy and gave the stock a “buy” rating in a research note on Friday, March 1st. Zacks Investment Research upgraded NRG Energy from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research note on Wednesday, January 23rd. ValuEngine upgraded NRG Energy from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th. Finally, Citigroup raised their price objective on NRG Energy from $38.00 to $47.00 and gave the stock a “buy” rating in a research note on Monday, December 10th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $42.57.
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About NRG Energy
NRG Energy, Inc, together with its subsidiaries, operates as an energy company in the United States. The company is involved in the producing, selling, and delivering electricity and related products and services to 3.1 million residential, industrial, and commercial consumers. It generates electricity using natural gas, coal, oil, solar, nuclear, wind, fossil fuel, and nuclear sources.
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