Mariner LLC Has $2.40 Million Holdings in NRG Energy, Inc. (NYSE:NRG)

Mariner LLC raised its stake in NRG Energy, Inc. (NYSE:NRG - Free Report) by 17.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,610 shares of the utilities provider's stock after acquiring an additional 3,948 shares during the quarter. Mariner LLC's holdings in NRG Energy were worth $2,401,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. McIlrath & Eck LLC raised its holdings in NRG Energy by 4.5% in the 3rd quarter. McIlrath & Eck LLC now owns 2,630 shares of the utilities provider's stock valued at $240,000 after buying an additional 113 shares during the last quarter. Schechter Investment Advisors LLC increased its position in NRG Energy by 0.8% during the 4th quarter. Schechter Investment Advisors LLC now owns 15,916 shares of the utilities provider's stock valued at $1,436,000 after purchasing an additional 120 shares during the period. Mather Group LLC. increased its position in NRG Energy by 18.4% during the 4th quarter. Mather Group LLC. now owns 803 shares of the utilities provider's stock valued at $72,000 after purchasing an additional 125 shares during the period. Grove Bank & Trust increased its position in NRG Energy by 29.7% during the 4th quarter. Grove Bank & Trust now owns 564 shares of the utilities provider's stock valued at $51,000 after purchasing an additional 129 shares during the period. Finally, Hanseatic Management Services Inc. increased its position in NRG Energy by 12.0% during the 4th quarter. Hanseatic Management Services Inc. now owns 1,244 shares of the utilities provider's stock valued at $112,000 after purchasing an additional 133 shares during the period. Institutional investors own 97.72% of the company's stock.

NRG Energy Stock Up 0.9 %

NRG traded up $1.02 during trading on Monday, hitting $109.35. 2,620,817 shares of the company's stock were exchanged, compared to its average volume of 3,029,312. NRG Energy, Inc. has a fifty-two week low of $65.11 and a fifty-two week high of $117.26. The stock has a market cap of $22.27 billion, a P/E ratio of 27.47, a PEG ratio of 1.01 and a beta of 1.10. The business's 50 day moving average is $97.57 and its two-hundred day moving average is $97.08. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57.

NRG Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a $0.44 dividend. The ex-dividend date is Thursday, May 1st. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.61%. NRG Energy's dividend payout ratio is presently 35.92%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on NRG shares. The Goldman Sachs Group started coverage on shares of NRG Energy in a research report on Friday, April 4th. They set a "buy" rating and a $129.00 target price for the company. Guggenheim increased their target price on shares of NRG Energy from $134.00 to $145.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Wells Fargo & Company raised their price objective on shares of NRG Energy from $140.00 to $165.00 and gave the stock an "overweight" rating in a research report on Thursday, February 27th. Evercore ISI raised shares of NRG Energy from an "in-line" rating to an "outperform" rating and raised their price objective for the stock from $74.00 to $126.00 in a research report on Tuesday, January 21st. Finally, StockNews.com downgraded shares of NRG Energy from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $124.00.

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.