Toronto Dominion Bank Sells 43,209 Shares of NRG Energy, Inc. (NYSE:NRG)

Toronto Dominion Bank trimmed its holdings in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 37.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 70,659 shares of the utilities provider's stock after selling 43,209 shares during the period. Toronto Dominion Bank's holdings in NRG Energy were worth $6,375,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Boston Partners acquired a new position in NRG Energy during the fourth quarter worth about $94,346,000. Appaloosa LP grew its holdings in NRG Energy by 81.5% during the fourth quarter. Appaloosa LP now owns 1,815,000 shares of the utilities provider's stock worth $163,749,000 after acquiring an additional 815,180 shares during the period. Teacher Retirement System of Texas grew its holdings in NRG Energy by 350.4% during the fourth quarter. Teacher Retirement System of Texas now owns 904,265 shares of the utilities provider's stock worth $81,583,000 after acquiring an additional 703,481 shares during the period. Raymond James Financial Inc. acquired a new position in NRG Energy during the fourth quarter worth about $61,679,000. Finally, Leigh Baldwin & CO. LLC acquired a new position in NRG Energy during the fourth quarter worth about $54,881,000. 97.72% of the stock is owned by institutional investors and hedge funds.

NRG Energy Price Performance

NRG stock traded down $0.34 during trading on Tuesday, hitting $157.48. The company had a trading volume of 486,350 shares, compared to its average volume of 3,012,676. 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 company has a market cap of $30.79 billion, a P/E ratio of 39.65, a P/E/G ratio of 1.01 and a beta of 1.00. The company has a fifty day moving average price of $113.51 and a two-hundred day moving average price of $103.92. NRG Energy, Inc. has a fifty-two week low of $65.11 and a fifty-two week high of $161.78.

NRG Energy (NYSE:NRG - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The utilities provider reported $2.62 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $1.90. The company had revenue of $8.59 billion for the quarter, compared to analyst estimates of $8.28 billion. NRG Energy had a return on equity of 48.96% and a net margin of 3.43%. The business's revenue was up 15.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.31 earnings per share. Equities research analysts expect that NRG Energy, Inc. will post 6.36 earnings per share for the current fiscal year.

NRG Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date was Thursday, May 1st. NRG Energy's dividend payout ratio is currently 28.39%.

Analyst Ratings Changes

A number of research analysts recently issued reports on NRG shares. Wells Fargo & Company lifted their target price on NRG Energy from $165.00 to $200.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. BMO Capital Markets reiterated a "market perform" rating and issued a $167.00 price target (up previously from $115.00) on shares of NRG Energy in a research report on Wednesday, May 14th. Wall Street Zen lowered NRG Energy from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Morgan Stanley increased their price target on 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, The Goldman Sachs Group began coverage on NRG Energy in a research report on Friday, April 4th. They set a "buy" rating and a $129.00 price objective for the company. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $140.75.

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.