Mariner LLC Purchases 3,948 Shares of NRG Energy, Inc. (NYSE:NRG)

Mariner LLC increased its stake in NRG Energy, Inc. (NYSE:NRG - Free Report) by 17.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,610 shares of the utilities provider's stock after buying an additional 3,948 shares during the period. 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 recently modified their holdings of NRG. SBI Securities Co. Ltd. acquired a new position in shares of NRG Energy during the fourth quarter worth $32,000. UMB Bank n.a. lifted its holdings in shares of NRG Energy by 100.4% in the 4th quarter. UMB Bank n.a. now owns 455 shares of the utilities provider's stock valued at $41,000 after buying an additional 228 shares during the period. Mizuho Bank Ltd. purchased a new stake in shares of NRG Energy in the fourth quarter worth about $41,000. Princeton Global Asset Management LLC grew its holdings in NRG Energy by 414.9% during the fourth quarter. Princeton Global Asset Management LLC now owns 484 shares of the utilities provider's stock worth $44,000 after acquiring an additional 390 shares during the period. Finally, Larson Financial Group LLC increased its holdings in shares of NRG Energy by 221.0% during the 4th quarter. Larson Financial Group LLC now owns 504 shares of the utilities provider's stock valued at $45,000 after purchasing an additional 347 shares in the last quarter. Hedge funds and other institutional investors own 97.72% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on NRG shares. Guggenheim increased their target price on NRG Energy from $134.00 to $145.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. The Goldman Sachs Group began coverage on shares of NRG Energy in a research note on Friday, April 4th. They set a "buy" rating and a $129.00 target price on the stock. Wells Fargo & Company raised their price target 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. Morgan Stanley boosted their price target 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. Finally, Evercore ISI upgraded NRG Energy from an "in-line" rating to an "outperform" rating and increased their price objective for the stock from $74.00 to $126.00 in a research report on Tuesday, January 21st. Three equities research 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, the stock presently has an average rating of "Moderate Buy" and an average price target of $124.00.

NRG Energy Stock Performance

Shares of NRG opened at $98.84 on Wednesday. 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, Inc. has a 52-week low of $65.11 and a 52-week high of $117.26. The stock has a 50 day moving average price of $97.84 and a 200 day moving average price of $96.60. The company has a market capitalization of $20.13 billion, a price-to-earnings ratio of 24.83, a price-to-earnings-growth ratio of 1.01 and a beta of 1.10.

NRG Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $1.76 annualized dividend and a yield of 1.78%. NRG Energy's dividend payout ratio is currently 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.

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