NRG Energy, Inc. $NRG Shares Purchased by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP increased its stake in NRG Energy by 17.4%, acquiring an additional 41,987 shares to hold a total of 283,773 shares valued at approximately $27 million.
• NRG Energy has reported a quarterly earnings per share of $1.68, which is below the expected $1.72, despite a revenue of $6.74 billion exceeding analyst forecasts.
• Recently, NRG Energy declared a quarterly dividend of $0.44 per share, with a 1.2% dividend yield and a payout ratio of 79.64%.

Wellington Management Group LLP increased its holdings in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 17.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 283,773 shares of the utilities provider's stock after purchasing an additional 41,987 shares during the period. Wellington Management Group LLP owned approximately 0.14% of NRG Energy worth $27,089,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Qtron Investments LLC raised its holdings in shares of NRG Energy by 26.1% during the first quarter. Qtron Investments LLC now owns 5,971 shares of the utilities provider's stock worth $570,000 after purchasing an additional 1,235 shares during the last quarter. Brooklyn Investment Group raised its holdings in shares of NRG Energy by 101.4% during the first quarter. Brooklyn Investment Group now owns 1,116 shares of the utilities provider's stock worth $106,000 after purchasing an additional 562 shares during the last quarter. FCG Investment Co raised its holdings in shares of NRG Energy by 54.2% during the first quarter. FCG Investment Co now owns 19,272 shares of the utilities provider's stock worth $1,840,000 after purchasing an additional 6,771 shares during the last quarter. Roberts Capital Advisors LLC purchased a new position in shares of NRG Energy during the first quarter worth $544,000. Finally, Raymond James Financial Inc. raised its holdings in shares of NRG Energy by 0.4% during the first quarter. Raymond James Financial Inc. now owns 686,608 shares of the utilities provider's stock worth $65,544,000 after purchasing an additional 2,956 shares during the last quarter. Hedge funds and other institutional investors own 97.72% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Melius assumed coverage on shares of NRG Energy in a report on Wednesday, August 20th. They issued a "buy" rating and a $308.00 price objective for the company. Raymond James Financial assumed coverage on shares of NRG Energy in a report on Friday, June 13th. They issued a "strong-buy" rating and a $195.00 price objective for the company. Wells Fargo & Company lifted their price objective on shares of NRG Energy from $165.00 to $200.00 and gave the company an "overweight" rating in a report on Tuesday, May 13th. Citigroup lifted their price objective on shares of NRG Energy from $133.00 to $185.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Finally, BMO Capital Markets lifted their price objective on shares of NRG Energy from $167.00 to $185.00 and gave the company a "market perform" rating in a report on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $186.92.

NRG Energy Price Performance

Shares of NYSE NRG traded down $3.33 during trading on Friday, hitting $145.33. The company had a trading volume of 769,100 shares, compared to its average volume of 3,160,256. The stock has a fifty day simple moving average of $154.48 and a two-hundred day simple moving average of $130.31. NRG Energy, Inc. has a fifty-two week low of $76.13 and a fifty-two week high of $175.96. The firm has a market capitalization of $28.11 billion, a price-to-earnings ratio of 65.72, a price-to-earnings-growth ratio of 1.21 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.

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

NRG Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were given a $0.44 dividend. The ex-dividend date was Friday, August 1st. This represents a $1.76 annualized dividend and a dividend yield of 1.2%. NRG Energy's dividend payout ratio (DPR) is 79.64%.

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.