Dimensional Fund Advisors LP Decreases Stock Position in NRG Energy, Inc. (NYSE:NRG)

Dimensional Fund Advisors LP decreased its position in shares of NRG Energy, Inc. (NYSE:NRG) by 20.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,119,787 shares of the utilities provider’s stock after selling 810,344 shares during the period. Dimensional Fund Advisors LP owned approximately 1.50% of NRG Energy worth $242,927,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Banco Santander S.A. purchased a new position in NRG Energy during the 2nd quarter valued at approximately $217,671,000. Capitolis Liquid Global Markets LLC grew its holdings in shares of NRG Energy by 253.2% in the first quarter. Capitolis Liquid Global Markets LLC now owns 1,766,000 shares of the utilities provider’s stock valued at $119,541,000 after purchasing an additional 1,266,000 shares in the last quarter. Zimmer Partners LP purchased a new stake in NRG Energy during the first quarter valued at $64,306,000. Assenagon Asset Management S.A. lifted its position in NRG Energy by 65.8% during the second quarter. Assenagon Asset Management S.A. now owns 1,596,684 shares of the utilities provider’s stock valued at $124,318,000 after purchasing an additional 633,765 shares during the last quarter. Finally, Jupiter Asset Management Ltd. grew its stake in shares of NRG Energy by 114.3% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 837,461 shares of the utilities provider’s stock worth $65,205,000 after buying an additional 446,743 shares in the last quarter. 97.72% of the stock is owned by institutional investors.

Insider Transactions at NRG Energy

In related news, insider Rasesh M. Patel sold 102,603 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $80.35, for a total value of $8,244,151.05. Following the completion of the transaction, the insider now owns 163,680 shares of the company’s stock, valued at $13,151,688. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.86% of the company’s stock.

Wall Street Analysts Forecast Growth

NRG has been the subject of a number of analyst reports. Jefferies Financial Group started coverage on shares of NRG Energy in a report on Friday, September 13th. They issued a “hold” rating and a $82.00 price target for the company. StockNews.com cut NRG Energy from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Wells Fargo & Company increased their price target on NRG Energy from $110.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, September 5th. Finally, Morgan Stanley lifted their price objective on shares of NRG Energy from $70.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 28th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, NRG Energy presently has a consensus rating of “Hold” and a consensus target price of $73.75.

NRG Energy Stock Up 0.8 %

Shares of NYSE NRG opened at $81.95 on Thursday. The stock has a 50 day moving average price of $78.36 and a 200 day moving average price of $76.03. The firm has a market capitalization of $17.08 billion, a price-to-earnings ratio of 11.61 and a beta of 1.10. NRG Energy, Inc. has a 52-week low of $36.61 and a 52-week high of $87.58. The company has a debt-to-equity ratio of 3.51, a quick ratio of 1.11 and a current ratio of 1.18.

NRG Energy (NYSE:NRG) last posted its quarterly earnings results on Thursday, August 8th. The utilities provider reported $3.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $1.82. The business had revenue of $6.66 billion for the quarter, compared to the consensus estimate of $8.32 billion. NRG Energy had a return on equity of 43.69% and a net margin of 7.19%. The business’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.10 EPS. Sell-side analysts expect that NRG Energy, Inc. will post 4.45 earnings per share for the current year.

NRG Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were issued a $0.4075 dividend. The ex-dividend date was Thursday, August 1st. This represents a $1.63 annualized dividend and a dividend yield of 1.99%. NRG Energy’s dividend payout ratio is currently 23.09%.

NRG Energy Company 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.