Wellington Management Group LLP reduced its stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 35.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 219,653 shares of the utilities provider's stock after selling 118,761 shares during the quarter. Wellington Management Group LLP owned about 0.11% of NRG Energy worth $20,010,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the stock. Ashton Thomas Securities LLC acquired a new position in shares of NRG Energy during the third quarter worth approximately $26,000. Covestor Ltd boosted its position in shares of NRG Energy by 74.7% during the 3rd quarter. Covestor Ltd now owns 325 shares of the utilities provider's stock valued at $30,000 after purchasing an additional 139 shares in the last quarter. Rothschild Investment LLC bought a new stake in shares of NRG Energy in the 2nd quarter worth approximately $32,000. First Horizon Advisors Inc. boosted its holdings in NRG Energy by 76.1% during the second quarter. First Horizon Advisors Inc. now owns 442 shares of the utilities provider's stock worth $34,000 after buying an additional 191 shares in the last quarter. Finally, Harbor Capital Advisors Inc. acquired a new stake in shares of NRG Energy during the 3rd quarter valued at $35,000. 97.72% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on NRG. Citigroup boosted their target price on NRG Energy from $84.00 to $100.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. StockNews.com cut shares of NRG Energy from a "buy" rating to a "hold" rating in a report on Monday, September 2nd. Wells Fargo & Company lifted their price target on NRG Energy from $130.00 to $140.00 and gave the company an "overweight" rating in a report on Monday, November 11th. Guggenheim upped their target price on NRG Energy from $77.00 to $118.00 and gave the company a "buy" rating in a report on Tuesday, October 8th. Finally, BMO Capital Markets raised their price target on shares of NRG Energy from $94.00 to $100.00 and gave the stock a "market perform" rating in a report on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $102.71.
Check Out Our Latest Analysis on NRG
NRG Energy Stock Performance
Shares of NYSE NRG traded down $0.16 during trading hours on Friday, hitting $94.98. 1,432,026 shares of the company's stock were exchanged, compared to its average volume of 3,196,734. The stock has a market capitalization of $19.24 billion, a price-to-earnings ratio of 23.86, a PEG ratio of 1.30 and a beta of 1.12. The company's 50-day moving average price is $92.91 and its 200-day moving average price is $84.73. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. NRG Energy, Inc. has a 1-year low of $47.88 and a 1-year high of $103.14.
NRG Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a $0.4075 dividend. The ex-dividend date was Friday, November 1st. This represents a $1.63 annualized dividend and a dividend yield of 1.72%. NRG Energy's payout ratio is 40.95%.
About NRG Energy
(
Free Report)
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.
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