Toronto Dominion Bank Raises Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

Toronto Dominion Bank grew its position in NRG Energy, Inc. (NYSE:NRG) by 16.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 113,868 shares of the utilities provider’s stock after acquiring an additional 15,813 shares during the quarter. Toronto Dominion Bank owned about 0.06% of NRG Energy worth $10,373,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Coldstream Capital Management Inc. lifted its holdings in NRG Energy by 5.0% in the 3rd quarter. Coldstream Capital Management Inc. now owns 6,829 shares of the utilities provider’s stock valued at $622,000 after purchasing an additional 326 shares in the last quarter. Geode Capital Management LLC boosted its position in NRG Energy by 6.2% during the third quarter. Geode Capital Management LLC now owns 5,399,098 shares of the utilities provider’s stock worth $494,225,000 after acquiring an additional 313,478 shares during the last quarter. MidWestOne Financial Group Inc. grew its stake in NRG Energy by 5.3% during the 3rd quarter. MidWestOne Financial Group Inc. now owns 12,087 shares of the utilities provider’s stock valued at $1,101,000 after acquiring an additional 606 shares in the last quarter. M&T Bank Corp raised its holdings in NRG Energy by 0.3% in the 3rd quarter. M&T Bank Corp now owns 38,213 shares of the utilities provider’s stock valued at $3,481,000 after acquiring an additional 113 shares during the last quarter. Finally, Luxor Capital Group LP lifted its stake in NRG Energy by 47.8% in the 3rd quarter. Luxor Capital Group LP now owns 520,591 shares of the utilities provider’s stock worth $47,426,000 after purchasing an additional 168,267 shares in the last quarter. 97.72% of the stock is owned by institutional investors and hedge funds.

NRG Energy Stock Down 0.2 %

Shares of NRG opened at $94.98 on Friday. The company’s 50-day moving average price is $92.91 and its 200 day moving average price is $84.73. NRG Energy, Inc. has a 12-month low of $47.88 and a 12-month high of $103.14. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. The firm has a market cap of $19.24 billion, a P/E ratio of 23.86, a price-to-earnings-growth ratio of 1.30 and a beta of 1.12.

NRG Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a $0.4075 dividend. This represents a $1.63 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend was Friday, November 1st. NRG Energy’s dividend payout ratio (DPR) is 40.95%.

Analyst Ratings Changes

NRG has been the subject of several recent research reports. StockNews.com cut NRG Energy from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. BMO Capital Markets raised their target price on NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 19th. Guggenheim lifted their price target on NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Citigroup upped their price objective on shares of NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, Jefferies Financial Group raised shares of NRG Energy from a “hold” rating to a “buy” rating and lifted their target price for the stock from $93.00 to $113.00 in a research note on Tuesday, November 26th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $102.71.

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.