TD Private Client Wealth LLC Grows Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

TD Private Client Wealth LLC grew its stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 178.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,045 shares of the utilities provider's stock after purchasing an additional 2,593 shares during the period. TD Private Client Wealth LLC's holdings in NRG Energy were worth $386,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of NRG. SBI Securities Co. Ltd. bought a new stake in shares of NRG Energy during the 4th quarter valued at about $32,000. Mizuho Bank Ltd. bought a new stake in NRG Energy during the fourth quarter worth about $41,000. Larson Financial Group LLC boosted its stake in NRG Energy by 221.0% during the fourth quarter. Larson Financial Group LLC now owns 504 shares of the utilities provider's stock worth $45,000 after acquiring an additional 347 shares in the last quarter. CIBC Private Wealth Group LLC boosted its stake in NRG Energy by 64.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 521 shares of the utilities provider's stock worth $51,000 after acquiring an additional 205 shares in the last quarter. Finally, Park Square Financial Group LLC bought a new stake in NRG Energy during the fourth quarter worth about $53,000. Institutional investors own 97.72% of the company's stock.

NRG Energy Stock Down 0.6%

NRG Energy stock traded down $0.86 during trading hours on Friday, hitting $150.50. The stock had a trading volume of 1,973,624 shares, compared to its average volume of 2,987,358. The company has a quick ratio of 1.02, a current ratio of 1.06 and a debt-to-equity ratio of 4.61. The stock has a market capitalization of $29.42 billion, a P/E ratio of 24.27, a price-to-earnings-growth ratio of 1.20 and a beta of 1.13. NRG Energy, Inc. has a 12-month low of $65.11 and a 12-month high of $168.57. The stock's 50-day moving average price is $151.55 and its 200-day moving average price is $117.96.

NRG Energy (NYSE:NRG - Get Free Report) last issued its earnings results on Monday, May 12th. The utilities provider reported $2.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $1.90. The business had revenue of $8.59 billion during the quarter, compared to analysts' expectations of $8.28 billion. NRG Energy had a net margin of 4.66% and a return on equity of 73.78%. The business's revenue for the quarter was up 15.6% compared to the same quarter last year. During the same period in the previous year, the company earned $2.31 earnings per share. Equities research analysts anticipate that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

Insider Buying and Selling at NRG Energy

In other news, Director Kevin Howell sold 50,000 shares of the business's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $154.50, for a total transaction of $7,725,000.00. Following the completion of the transaction, the director directly owned 55,427 shares of the company's stock, valued at $8,563,471.50. The trade was a 47.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.86% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

NRG has been the topic of several research reports. BMO Capital Markets reissued a "market perform" rating and set a $167.00 price objective (up previously from $115.00) on shares of NRG Energy in a research note on Wednesday, May 14th. Raymond James Financial initiated coverage on shares of NRG Energy in a research note on Friday, June 13th. They set a "strong-buy" rating and a $195.00 price objective on the stock. Jefferies Financial Group boosted their price objective on shares of NRG Energy from $113.00 to $132.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. The Goldman Sachs Group initiated coverage on shares of NRG Energy in a research note on Friday, April 4th. They set a "buy" rating and a $129.00 price objective on the stock. Finally, Wall Street Zen raised shares of NRG Energy from a "hold" rating to a "buy" rating in a research note on Friday, June 27th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $151.80.

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.