NRG Energy, Inc. (NYSE:NRG) Stock Position Raised by TD Asset Management Inc

TD Asset Management Inc increased its position in NRG Energy, Inc. (NYSE:NRGFree Report) by 6.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 61,518 shares of the utilities provider’s stock after buying an additional 3,782 shares during the period. TD Asset Management Inc’s holdings in NRG Energy were worth $3,180,000 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 NRG. CENTRAL TRUST Co raised its holdings in shares of NRG Energy by 1,005.5% during the 4th quarter. CENTRAL TRUST Co now owns 807 shares of the utilities provider’s stock valued at $42,000 after purchasing an additional 734 shares in the last quarter. Blue Trust Inc. boosted its position in NRG Energy by 35.4% during the fourth quarter. Blue Trust Inc. now owns 865 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 226 shares during the period. Robeco Institutional Asset Management B.V. acquired a new position in NRG Energy during the fourth quarter valued at approximately $51,000. Quadrant Capital Group LLC raised its position in shares of NRG Energy by 37.1% in the fourth quarter. Quadrant Capital Group LLC now owns 1,524 shares of the utilities provider’s stock valued at $79,000 after purchasing an additional 412 shares during the period. Finally, GAMMA Investing LLC bought a new stake in shares of NRG Energy during the 4th quarter worth $106,000. Institutional investors own 97.72% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on NRG. BMO Capital Markets lifted their target price on shares of NRG Energy from $73.00 to $82.00 and gave the stock a “market perform” rating in a report on Wednesday, May 8th. Evercore ISI raised their price objective on shares of NRG Energy from $55.00 to $65.00 and gave the stock an “in-line” rating in a research note on Monday, March 18th. Morgan Stanley upped their price target on NRG Energy from $70.00 to $83.00 and gave the company an “equal weight” rating in a report on Tuesday, May 28th. StockNews.com raised NRG Energy from a “sell” rating to a “hold” rating in a report on Wednesday, March 6th. Finally, Citigroup upped their target price on NRG Energy from $52.00 to $62.00 and gave the company a “buy” rating in a research note on Friday, March 1st. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $68.00.

View Our Latest Report on NRG

Insider Buying and Selling

In other NRG Energy news, VP Rasesh M. Patel sold 49,092 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $62.59, for a total value of $3,072,668.28. Following the completion of the sale, the vice president now owns 356,962 shares in the company, valued at approximately $22,342,251.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other NRG Energy news, insider Rasesh M. Patel sold 24,546 shares of the business’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $83.41, for a total transaction of $2,047,381.86. Following the completion of the sale, the insider now directly owns 266,064 shares of the company’s stock, valued at approximately $22,192,398.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Rasesh M. Patel sold 49,092 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $62.59, for a total transaction of $3,072,668.28. Following the transaction, the vice president now owns 356,962 shares in the company, valued at $22,342,251.58. The disclosure for this sale can be found here. 0.86% of the stock is owned by corporate insiders.

NRG Energy Stock Down 4.6 %

Shares of NYSE:NRG opened at $77.83 on Friday. The company has a market capitalization of $16.23 billion, a PE ratio of 11.02 and a beta of 1.07. The company has a debt-to-equity ratio of 3.61, a quick ratio of 0.95 and a current ratio of 1.01. The company’s fifty day moving average is $76.76 and its 200-day moving average is $61.58. NRG Energy, Inc. has a 52 week low of $32.88 and a 52 week high of $87.58.

NRG Energy (NYSE:NRGGet Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.12). NRG Energy had a return on equity of 42.60% and a net margin of 5.76%. Equities research analysts predict that NRG Energy, Inc. will post 6.08 earnings per share for the current fiscal year.

NRG Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st were issued a $0.4075 dividend. The ex-dividend date of this dividend was Tuesday, April 30th. This represents a $1.63 dividend on an annualized basis and a dividend yield of 2.09%. NRG Energy’s dividend payout ratio is 23.09%.

About NRG Energy

(Free Report)

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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Institutional Ownership by Quarter for NRG Energy (NYSE:NRG)

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