Wellington Management Group LLP Cuts Position in NRG Energy, Inc. $NRG

Wellington Management Group LLP trimmed its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 50.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & 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’s holdings in NRG Energy were worth $91,795,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. MV Capital Management Inc. acquired a new position in NRG Energy during the 4th quarter worth approximately $27,000. Motiv8 Investments LLC acquired a new stake in NRG Energy in the fourth quarter valued at approximately $27,000. Core Wealth Advisors LLC purchased a new stake in shares of NRG Energy during the fourth quarter valued at approximately $28,000. EMC Capital Management acquired a new position in shares of NRG Energy during the fourth quarter worth $30,000. Finally, SHP Wealth Management acquired a new position in shares of NRG Energy during the fourth quarter worth $32,000. Institutional investors and hedge funds own 97.72% of the company’s stock.

Insider Activity at NRG Energy

In related news, VP Virginia Kinney sold 20,000 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $127.52, for a total value of $2,550,400.00. Following the sale, the vice president owned 45,111 shares of the company’s stock, valued at $5,752,554.72. This trade represents a 30.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.43% of the company’s stock.

Wall Street Analysts Forecast Growth

NRG has been the subject of a number of recent analyst reports. Siebert Williams Shank initiated coverage on shares of NRG Energy in a report on Monday, July 6th. They set a “buy” rating and a $184.00 price target for the company. Morgan Stanley lowered their target price on NRG Energy from $165.00 to $162.00 and set an “equal weight” rating for the company in a research note on Friday, August 21st. UBS Group dropped their target price on NRG Energy from $221.00 to $216.00 and set a “buy” rating on the stock in a research report on Tuesday, July 28th. BNP Paribas Exane set a $221.00 price target on NRG Energy in a research note on Wednesday, August 19th. Finally, Williams Trading set a $184.00 price objective on NRG Energy in a research note on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $198.43.

NRG Energy Stock Performance

NRG Energy stock opened at $109.14 on Wednesday. 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, Inc. has a 12 month low of $108.34 and a 12 month high of $189.96. The company has a fifty day moving average price of $129.15 and a two-hundred day moving average price of $142.77. The company has a market cap of $23.03 billion, a PE ratio of 28.87 and a beta of 1.19.

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

NRG Energy Dividend Announcement

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 of this dividend was Monday, August 3rd. This represents a $1.90 annualized dividend 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.