Wellington Management Group LLP Has $21.81 Million Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

Wellington Management Group LLP raised its stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 10.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 241,786 shares of the utilities provider's stock after purchasing an additional 22,133 shares during the quarter. Wellington Management Group LLP owned 0.12% of NRG Energy worth $21,814,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in NRG. Schechter Investment Advisors LLC increased its stake in NRG Energy by 0.8% during the fourth quarter. Schechter Investment Advisors LLC now owns 15,916 shares of the utilities provider's stock valued at $1,436,000 after acquiring an additional 120 shares during the period. Mather Group LLC. increased its position in shares of NRG Energy by 18.4% during the fourth quarter. Mather Group LLC. now owns 803 shares of the utilities provider's stock valued at $72,000 after purchasing an additional 125 shares during the period. Avestar Capital LLC raised its stake in shares of NRG Energy by 4.7% in the fourth quarter. Avestar Capital LLC now owns 3,046 shares of the utilities provider's stock valued at $275,000 after purchasing an additional 138 shares in the last quarter. Independent Advisor Alliance lifted its position in NRG Energy by 5.9% in the fourth quarter. Independent Advisor Alliance now owns 2,619 shares of the utilities provider's stock worth $236,000 after purchasing an additional 146 shares during the period. Finally, Huntington National Bank increased its holdings in NRG Energy by 28.3% in the 4th quarter. Huntington National Bank now owns 662 shares of the utilities provider's stock valued at $60,000 after buying an additional 146 shares during the period. Institutional investors and hedge funds own 97.72% of the company's stock.

Insider Buying and Selling

In related news, Director Kevin Howell sold 50,000 shares of NRG Energy stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $154.50, for a total value of $7,725,000.00. Following the completion of the sale, the director now directly owns 55,427 shares in the company, valued at $8,563,471.50. This trade represents a 47.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.61% of the stock is currently owned by corporate insiders.

NRG Energy Price Performance

Shares of NRG stock traded down $2.38 during trading hours on Wednesday, hitting $158.66. 1,180,216 shares of the company's stock were exchanged, compared to its average volume of 3,004,436. NRG Energy, Inc. has a 52 week low of $65.11 and a 52 week high of $162.53. The stock has a market cap of $31.02 billion, a price-to-earnings ratio of 39.86, a price-to-earnings-growth ratio of 1.01 and a beta of 1.13. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. The stock's 50-day moving average is $120.38 and its 200-day moving average is $106.52.

NRG Energy (NYSE:NRG - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The utilities provider reported $2.62 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $1.90. NRG Energy had a net margin of 3.43% and a return on equity of 48.96%. The firm had revenue of $8.59 billion for the quarter, compared to analyst estimates of $8.28 billion. During the same quarter in the prior year, the firm earned $2.31 EPS. The company's revenue was up 15.6% on a year-over-year basis. As a group, research analysts forecast that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date was Thursday, May 1st. NRG Energy's dividend payout ratio is currently 28.39%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on NRG shares. BMO Capital Markets reaffirmed a "market perform" rating and set a $167.00 price objective (up from $115.00) on shares of NRG Energy in a report on Wednesday, May 14th. Jefferies Financial Group raised their price target on shares of NRG Energy from $113.00 to $132.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Guggenheim upped their price objective on NRG Energy from $138.00 to $173.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Morgan Stanley increased their target price on NRG Energy from $86.00 to $99.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 19th. Finally, Wells Fargo & Company increased their price objective on NRG Energy from $165.00 to $200.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 13th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, NRG Energy has an average rating of "Moderate Buy" and an average target price of $140.75.

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.