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

Wellington Management Group LLP trimmed its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 50.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 628,478 shares of the utilities provider’s stock after selling 645,249 shares during the period. Wellington Management Group LLP owned about 0.30% of NRG Energy worth $91,795,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of NRG. MV Capital Management Inc. purchased a new position in NRG Energy in the fourth quarter worth $27,000. Motiv8 Investments LLC purchased a new stake in shares of NRG Energy during the 4th quarter worth $27,000. Core Wealth Advisors LLC purchased a new stake in shares of NRG Energy during the 4th quarter worth $28,000. EMC Capital Management acquired a new position in shares of NRG Energy during the 4th quarter worth $30,000. Finally, SHP Wealth Management purchased a new position in shares of NRG Energy in the 4th quarter valued at about $32,000. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NRG has been the subject of a number of research analyst reports. Evercore reaffirmed an “outperform” rating and issued a $195.00 target price on shares of NRG Energy in a report on Wednesday, August 5th. UBS Group lowered their price target on NRG Energy from $221.00 to $216.00 and set a “buy” rating on the stock in a report on Tuesday, July 28th. Williams Trading set a $184.00 price objective on NRG Energy in a report on Monday, July 6th. BMO Capital Markets reiterated a “market perform” rating and set a $214.00 target price on shares of NRG Energy in a research report on Thursday, August 6th. Finally, Scotiabank lowered their target price on NRG Energy from $226.00 to $211.00 and set a “sector outperform” rating on the stock in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $198.43.

Insider Activity

In related news, VP Virginia Kinney sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $127.52, for a total transaction of $2,550,400.00. Following the sale, the vice president owned 45,111 shares in the company, valued at approximately $5,752,554.72. This trade represents a 30.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.43% of the company’s stock.

NRG Energy Stock Down 0.9%

Shares of NYSE NRG opened at $109.14 on Wednesday. The firm’s 50-day moving average is $129.15 and its two-hundred day moving average is $142.77. The company has a market capitalization of $23.03 billion, a PE ratio of 28.87 and a beta of 1.19. NRG Energy, Inc. has a 12-month low of $108.34 and a 12-month high of $189.96. The company has a debt-to-equity ratio of 5.17, a current ratio of 0.97 and a quick ratio of 0.89.

NRG Energy (NYSE:NRG) last issued its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.20). The business had revenue of $7.48 billion for the quarter, compared to analysts’ expectations of $7.31 billion. NRG Energy had a return on equity of 52.95% and a net margin of 2.56%.The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period last year, the business earned $1.73 earnings per share. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. Equities analysts anticipate that NRG Energy, Inc. will post 8.6 EPS for the current fiscal year.

NRG Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 3rd were issued a dividend of $0.475 per share. The ex-dividend date was Monday, August 3rd. This represents a $1.90 dividend on an annualized basis and a dividend yield of 1.7%. NRG Energy’s payout ratio is 50.26%.

About NRG Energy

NRG Energy (NYSE: NRG) is a U.S.-based integrated power company headquartered in Houston, Texas. The company develops, owns and operates a diversified portfolio of power generation assets and participates in wholesale and retail energy markets. NRG supplies electricity to utilities, commercial and industrial customers, and retail consumers, while also providing energy-related products and services designed to manage consumption and support reliability.

NRG’s generation mix includes conventional thermal plants as well as renewable and distributed energy resources.