NRG Energy, Inc. $NRG Shares Sold by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP reduced its stake in NRG Energy by 15.8%, selling 533,407 shares for a total ownership of approximately 2.84 million shares valued at $271.57 million as of the latest SEC filing.
• NRG Energy recently announced a quarterly dividend of $0.44 per share, equating to an annualized yield of 1.2%, reflecting a dividend payout ratio of 79.64%.
• Analysts have varied opinions on NRG Energy, with ratings ranging from a hold to a strong buy, and a consensus average price target of $162.70.

Dimensional Fund Advisors LP trimmed its holdings in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 15.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,845,193 shares of the utilities provider's stock after selling 533,407 shares during the period. Dimensional Fund Advisors LP owned about 1.40% of NRG Energy worth $271,567,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. grew its holdings in NRG Energy by 468.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,757,735 shares of the utilities provider's stock worth $454,173,000 after acquiring an additional 6,049,247 shares in the last quarter. Boston Partners grew its holdings in NRG Energy by 169.5% during the 1st quarter. Boston Partners now owns 2,817,018 shares of the utilities provider's stock worth $269,230,000 after acquiring an additional 1,771,829 shares in the last quarter. Northern Trust Corp grew its holdings in NRG Energy by 16.1% during the 4th quarter. Northern Trust Corp now owns 2,282,672 shares of the utilities provider's stock worth $205,943,000 after acquiring an additional 316,445 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in NRG Energy by 17.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,223,591 shares of the utilities provider's stock worth $110,392,000 after acquiring an additional 182,438 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in NRG Energy by 7.3% during the 1st quarter. Deutsche Bank AG now owns 1,050,924 shares of the utilities provider's stock worth $100,321,000 after acquiring an additional 71,337 shares in the last quarter. 97.72% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Kevin Howell sold 50,000 shares of the stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $154.50, for a total value of $7,725,000.00. Following the transaction, the director owned 55,427 shares in the company, valued at approximately $8,563,471.50. This represents a 47.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.61% of the company's stock.

NRG Energy Stock Performance

Shares of NRG Energy stock traded down $0.2780 during midday trading on Wednesday, hitting $148.1020. The company had a trading volume of 2,458,562 shares, compared to its average volume of 3,221,731. The stock has a market cap of $28.65 billion, a price-to-earnings ratio of 67.01, a PEG ratio of 1.23 and a beta of 1.14. The company has a quick ratio of 0.88, a current ratio of 0.93 and a debt-to-equity ratio of 5.99. The company has a fifty day simple moving average of $155.19 and a 200 day simple moving average of $128.39. NRG Energy, Inc. has a 12-month low of $76.13 and a 12-month high of $175.96.

NRG Energy (NYSE:NRG - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The utilities provider reported $1.68 EPS for the quarter, missing the consensus estimate of $1.72 by ($0.04). The company had revenue of $6.74 billion during the quarter, compared to analysts' expectations of $6.63 billion. NRG Energy had a net margin of 1.78% and a return on equity of 88.22%. The business's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business earned $3.37 earnings per share. As a group, analysts predict that NRG Energy, Inc. will post 6.36 earnings per share for the current fiscal year.

NRG Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.2%. The ex-dividend date was Friday, August 1st. NRG Energy's dividend payout ratio is 79.64%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Barclays increased their target price on shares of NRG Energy from $197.00 to $203.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Wall Street Zen lowered shares of NRG Energy from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Melius began coverage on shares of NRG Energy in a research report on Wednesday. They set a "buy" rating and a $308.00 price target for the company. Melius Research began coverage on shares of NRG Energy in a research report on Wednesday. They set a "buy" rating and a $308.00 price target for the company. Finally, Wells Fargo & Company increased their price target on shares of NRG Energy from $165.00 to $200.00 and gave the company an "overweight" rating in a research report on Tuesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $186.92.

NRG Energy Profile

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.