Wellington Management Group LLP Acquires 22,133 Shares of NRG Energy, Inc. (NYSE:NRG)

Wellington Management Group LLP increased its stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 10.1% in the 4th quarter, according to the company in its most recent Form 13F 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 approximately 0.12% of NRG Energy worth $21,814,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NRG. Geode Capital Management LLC raised its stake in shares of NRG Energy by 6.2% during the 3rd quarter. Geode Capital Management LLC now owns 5,399,098 shares of the utilities provider's stock worth $494,225,000 after purchasing an additional 313,478 shares in the last quarter. Banco Santander S.A. increased its holdings in NRG Energy by 0.3% in the fourth quarter. Banco Santander S.A. now owns 2,828,000 shares of the utilities provider's stock worth $255,142,000 after buying an additional 7,500 shares during the last quarter. Appaloosa LP raised its position in NRG Energy by 81.5% during the fourth quarter. Appaloosa LP now owns 1,815,000 shares of the utilities provider's stock valued at $163,749,000 after acquiring an additional 815,180 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in NRG Energy by 1,010.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,557,350 shares of the utilities provider's stock valued at $140,504,000 after acquiring an additional 1,417,057 shares during the last quarter. Finally, Prudential Financial Inc. increased its stake in shares of NRG Energy by 3.1% during the 4th quarter. Prudential Financial Inc. now owns 1,374,245 shares of the utilities provider's stock worth $123,984,000 after purchasing an additional 41,094 shares during the last quarter. 97.72% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on NRG shares. Guggenheim lifted their price objective on shares of NRG Energy from $134.00 to $145.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. The Goldman Sachs Group initiated coverage on NRG Energy in a research note on Friday, April 4th. They set a "buy" rating and a $129.00 price target for the company. Evercore ISI raised NRG Energy from an "in-line" rating to an "outperform" rating and raised their price objective for the company from $74.00 to $126.00 in a research note on Tuesday, January 21st. Morgan Stanley upped their target price on NRG Energy from $86.00 to $99.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 19th. Finally, Wells Fargo & Company lifted their price target on shares of NRG Energy from $140.00 to $165.00 and gave the company an "overweight" rating in a research report on Thursday, February 27th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $124.00.

Insider Transactions at NRG Energy

In other news, CFO Bruce Chung sold 20,000 shares of NRG Energy stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $97.63, for a total transaction of $1,952,600.00. Following the sale, the chief financial officer now owns 69,454 shares of the company's stock, valued at approximately $6,780,794.02. This trade represents a 22.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.61% of the company's stock.

NRG Energy Stock Performance

Shares of NRG traded up $1.55 during mid-day trading on Friday, hitting $94.44. The company's stock had a trading volume of 1,634,898 shares, compared to its average volume of 3,076,630. NRG Energy, Inc. has a one year low of $65.11 and a one year high of $117.26. The stock's 50-day moving average is $98.83 and its two-hundred day moving average is $96.38. The firm has a market capitalization of $19.23 billion, a PE ratio of 23.73, a price-to-earnings-growth ratio of 1.01 and a beta of 1.10. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17.

NRG Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a $0.44 dividend. The ex-dividend date is Thursday, May 1st. This represents a $1.76 annualized dividend and a yield of 1.86%. NRG Energy's dividend payout ratio is 35.92%.

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.