MML Investors Services LLC Has $2.54 Million Stake in NRG Energy, Inc. (NYSE:NRG)

MML Investors Services LLC boosted its stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 66.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,120 shares of the utilities provider's stock after acquiring an additional 11,234 shares during the period. MML Investors Services LLC's holdings in NRG Energy were worth $2,537,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. McIlrath & Eck LLC raised its stake in NRG Energy by 4.5% in the third quarter. McIlrath & Eck LLC now owns 2,630 shares of the utilities provider's stock valued at $240,000 after purchasing an additional 113 shares in the last quarter. Fulcrum Equity Management bought a new stake in shares of NRG Energy during the 3rd quarter worth approximately $274,000. Pine Valley Investments Ltd Liability Co boosted its position in shares of NRG Energy by 25.1% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 50,027 shares of the utilities provider's stock worth $4,557,000 after acquiring an additional 10,031 shares in the last quarter. World Investment Advisors LLC bought a new position in NRG Energy in the third quarter valued at approximately $254,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in NRG Energy during the third quarter valued at approximately $797,000. 97.72% of the stock is owned by institutional investors and hedge funds.

NRG Energy Stock Up 2.1 %

Shares of NYSE NRG opened at $108.36 on Monday. NRG Energy, Inc. has a 1 year low of $65.11 and a 1 year high of $117.26. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. The firm has a market cap of $22.07 billion, a PE ratio of 27.23, a price-to-earnings-growth ratio of 1.01 and a beta of 1.10. The company has a 50 day simple moving average of $97.63 and a 200 day simple moving average of $96.94.

NRG Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be issued a dividend of $0.44 per share. The ex-dividend date is Thursday, May 1st. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.62%. NRG Energy's dividend payout ratio (DPR) is presently 35.92%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on NRG shares. Morgan Stanley raised their target price on NRG Energy from $86.00 to $99.00 and gave the company an "equal weight" rating in a report on Wednesday, February 19th. StockNews.com cut NRG Energy from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. The Goldman Sachs Group assumed coverage on shares of NRG Energy in a report on Friday, April 4th. They issued a "buy" rating and a $129.00 target price for the company. BMO Capital Markets lifted their price target on shares of NRG Energy from $100.00 to $115.00 and gave the company a "market perform" rating in a report on Monday, March 3rd. Finally, Wells Fargo & Company increased their price objective on shares of NRG Energy from $140.00 to $165.00 and gave the company an "overweight" rating in a research note on Thursday, February 27th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $124.00.

About NRG Energy

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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