Sumitomo Mitsui Trust Holdings Inc. Acquires 69,684 Shares of NRG Energy Inc (NYSE:NRG)

Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in NRG Energy Inc (NYSE:NRG) by 5.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,346,605 shares of the utilities provider’s stock after acquiring an additional 69,684 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.55% of NRG Energy worth $43,845,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Private Capital Group LLC lifted its position in NRG Energy by 13.3% in the 1st quarter. Private Capital Group LLC now owns 2,734 shares of the utilities provider’s stock valued at $75,000 after acquiring an additional 321 shares in the last quarter. MBM Wealth Consultants LLC lifted its position in NRG Energy by 3.6% in the 1st quarter. MBM Wealth Consultants LLC now owns 9,455 shares of the utilities provider’s stock valued at $258,000 after acquiring an additional 325 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in NRG Energy by 5.7% in the 1st quarter. Commonwealth Equity Services LLC now owns 9,959 shares of the utilities provider’s stock valued at $271,000 after acquiring an additional 537 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in NRG Energy by 6.8% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 8,627 shares of the utilities provider’s stock valued at $235,000 after acquiring an additional 549 shares in the last quarter. Finally, Cim Investment Mangement Inc. lifted its position in NRG Energy by 3.5% in the 1st quarter. Cim Investment Mangement Inc. now owns 18,438 shares of the utilities provider’s stock valued at $503,000 after acquiring an additional 627 shares in the last quarter. 98.03% of the stock is currently owned by institutional investors and hedge funds.

NYSE:NRG opened at $33.81 on Friday. The company has a debt-to-equity ratio of 4.09, a current ratio of 1.22 and a quick ratio of 1.09. The firm has a market capitalization of $8.26 billion, a price-to-earnings ratio of 2.17, a price-to-earnings-growth ratio of 0.16 and a beta of 1.06. NRG Energy Inc has a one year low of $19.54 and a one year high of $41.78. The business has a fifty day moving average price of $33.35 and a 200-day moving average price of $33.59.

NRG Energy (NYSE:NRG) last posted its quarterly earnings data on Thursday, May 7th. The utilities provider reported $0.55 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.20). The company had revenue of $2.02 billion during the quarter. NRG Energy had a negative return on equity of 15,555.52% and a net margin of 42.14%. On average, equities research analysts expect that NRG Energy Inc will post 5.1 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 3rd will be paid a $0.30 dividend. The ex-dividend date is Friday, July 31st. This represents a $1.20 dividend on an annualized basis and a yield of 3.55%. NRG Energy’s payout ratio is presently 30.30%.

A number of brokerages have weighed in on NRG. Cfra lowered shares of NRG Energy from a “hold” rating to a “sell” rating and decreased their target price for the company from $37.00 to $28.00 in a research note on Thursday, May 7th. Zacks Investment Research lowered shares of NRG Energy from a “buy” rating to a “hold” rating and set a $34.00 target price for the company. in a research note on Wednesday, May 13th. Seaport Global Securities began coverage on shares of NRG Energy in a research note on Wednesday, May 20th. They set a “buy” rating and a $42.50 target price for the company. UBS Group decreased their target price on shares of NRG Energy from $44.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Finally, Morgan Stanley decreased their target price on shares of NRG Energy from $56.00 to $53.00 and set an “overweight” rating for the company in a research note on Friday, July 17th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $40.00.

NRG Energy Company Profile

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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Institutional Ownership by Quarter for NRG Energy (NYSE:NRG)

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