Mercer Global Advisors Inc. ADV Has $3.16 Million Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

Mercer Global Advisors Inc. ADV cut its stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 14.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 35,026 shares of the utilities provider's stock after selling 5,832 shares during the period. Mercer Global Advisors Inc. ADV's holdings in NRG Energy were worth $3,160,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Meyer Handelman Co. grew its holdings in NRG Energy by 43.8% during the fourth quarter. Meyer Handelman Co. now owns 78,982 shares of the utilities provider's stock valued at $7,126,000 after purchasing an additional 24,062 shares during the last quarter. CWA Asset Management Group LLC acquired a new position in shares of NRG Energy during the fourth quarter worth approximately $1,340,000. Affinity Wealth Management LLC increased its position in NRG Energy by 7.8% during the fourth quarter. Affinity Wealth Management LLC now owns 42,748 shares of the utilities provider's stock worth $3,857,000 after acquiring an additional 3,084 shares during the period. SteelPeak Wealth LLC acquired a new position in NRG Energy during the 4th quarter valued at $2,418,000. Finally, SBI Securities Co. Ltd. bought a new stake in NRG Energy in the 4th quarter valued at $32,000. Institutional investors and hedge funds own 97.72% of the company's stock.

Analyst Ratings Changes

NRG has been the subject of a number of research analyst reports. Morgan Stanley upped their price objective on shares of NRG Energy from $86.00 to $99.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 19th. BMO Capital Markets increased their target price on NRG Energy from $100.00 to $115.00 and gave the stock a "market perform" rating in a report on Monday, March 3rd. Wells Fargo & Company upped their price objective on shares of NRG Energy from $140.00 to $165.00 and gave the stock an "overweight" rating in a research note on Thursday, February 27th. Guggenheim lifted their target price 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. Finally, The Goldman Sachs Group started coverage on NRG Energy in a research report on Friday, April 4th. They set a "buy" rating and a $129.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $126.38.

NRG Energy Trading Down 0.9 %

NRG traded down $1.09 during mid-day trading on Friday, reaching $119.25. The stock had a trading volume of 3,027,998 shares, compared to its average volume of 2,967,016. The firm's fifty day simple moving average is $99.45 and its two-hundred day simple moving average is $98.69. The stock has a market capitalization of $24.29 billion, a P/E ratio of 29.96, a P/E/G ratio of 1.01 and a beta of 1.00. NRG Energy, Inc. has a 52 week low of $65.11 and a 52 week high of $120.92. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given a $0.44 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $1.76 dividend on an annualized basis and a yield of 1.48%. NRG Energy's payout ratio is 35.92%.

NRG Energy 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.