NRG Energy, Inc. $NRG Stake Boosted by TD Asset Management Inc

Key Points

• TD Asset Management Inc increased its stake in NRG Energy, Inc. by 5.7% during the second quarter, bringing its holdings to 78,929 shares valued at approximately $12.67 million.
• NRG Energy's stock price target was boosted by BMO Capital Markets from $167.00 to $185.00, while Melius Research initiated coverage with a $308.00 price objective and a "buy" rating.
• The company announced a quarterly dividend of $0.44 per share, representing an annual yield of 1.0% with a payout ratio of 79.64%.

TD Asset Management Inc grew its stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 5.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 78,929 shares of the utilities provider's stock after purchasing an additional 4,278 shares during the quarter. TD Asset Management Inc's holdings in NRG Energy were worth $12,674,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in NRG. Brighton Jones LLC grew its holdings in shares of NRG Energy by 41.8% during the fourth quarter. Brighton Jones LLC now owns 5,187 shares of the utilities provider's stock valued at $468,000 after purchasing an additional 1,528 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of NRG Energy by 10.9% during the first quarter. GAMMA Investing LLC now owns 6,928 shares of the utilities provider's stock valued at $661,000 after purchasing an additional 679 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of NRG Energy by 54.4% during the first quarter. Exchange Traded Concepts LLC now owns 6,215 shares of the utilities provider's stock valued at $593,000 after purchasing an additional 2,190 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of NRG Energy by 28.4% during the first quarter. Janney Montgomery Scott LLC now owns 16,815 shares of the utilities provider's stock valued at $1,605,000 after purchasing an additional 3,721 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its holdings in shares of NRG Energy by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 23,728 shares of the utilities provider's stock valued at $2,265,000 after purchasing an additional 630 shares during the last quarter. 97.72% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, VP Dak Liyanearachchi sold 10,672 shares of the stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $155.00, for a total transaction of $1,654,160.00. Following the completion of the sale, the vice president owned 48,571 shares in the company, valued at approximately $7,528,505. This represents a 18.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.86% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on NRG shares. BMO Capital Markets boosted their price objective on NRG Energy from $167.00 to $185.00 and gave the stock a "market perform" rating in a research report on Wednesday, August 6th. Wall Street Zen downgraded NRG Energy from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Melius Research started coverage on NRG Energy in a research report on Wednesday, August 20th. They set a "buy" rating and a $308.00 price objective for the company. Melius started coverage on NRG Energy in a research report on Wednesday, August 20th. They set a "buy" rating and a $308.00 price objective for the company. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of NRG Energy in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, NRG Energy has a consensus rating of "Moderate Buy" and an average target price of $188.85.

NRG Energy Stock Performance

NRG opened at $169.22 on Friday. The company has a market capitalization of $32.73 billion, a price-to-earnings ratio of 76.57, a price-to-earnings-growth ratio of 1.35 and a beta of 1.14. The company has a debt-to-equity ratio of 5.99, a current ratio of 0.93 and a quick ratio of 0.88. NRG Energy, Inc. has a 1-year low of $79.57 and a 1-year high of $175.96. The business has a 50 day moving average price of $158.08 and a two-hundred day moving average price of $145.82.

NRG Energy (NYSE:NRG - Get Free Report) last released its earnings results on Wednesday, August 6th. The utilities provider reported $1.68 earnings per share for the quarter, missing analysts' consensus estimates of $1.72 by ($0.04). The firm had revenue of $6.74 billion during the quarter, compared to analyst estimates of $6.63 billion. NRG Energy had a return on equity of 88.22% and a net margin of 1.78%.The business's revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the company earned $3.37 earnings per share. Research analysts predict that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Friday, August 1st. NRG Energy's dividend payout ratio is 79.64%.

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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