TD Private Client Wealth LLC Has $174,000 Stock Holdings in NRG Energy, Inc. $NRG

Key Points

• TD Private Client Wealth LLC significantly reduced its stake in NRG Energy by 73.2%, now holding 1,083 shares worth approximately $174,000.
• Institutional investors control 97.72% of NRG Energy's shares, with notable boosts in holdings from firms like Brighton Jones LLC and GAMMA Investing LLC.
• NRG Energy declared a quarterly dividend of $0.44 per share with an annualized dividend yield of 1.0% and a payout ratio of 79.64%.

TD Private Client Wealth LLC decreased its stake in NRG Energy, Inc. (NYSE:NRG - Free Report) by 73.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,083 shares of the utilities provider's stock after selling 2,962 shares during the period. TD Private Client Wealth LLC's holdings in NRG Energy were worth $174,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in NRG. Brighton Jones LLC boosted its position in shares of NRG Energy by 41.8% during the 4th 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 in the last quarter. Wellington Management Group LLP boosted its position in shares of NRG Energy by 10.1% during the 4th quarter. Wellington Management Group LLP now owns 241,786 shares of the utilities provider's stock valued at $21,814,000 after purchasing an additional 22,133 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of NRG Energy by 52.7% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,072 shares of the utilities provider's stock valued at $102,000 after purchasing an additional 370 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of NRG Energy by 75.1% during the 1st quarter. Versant Capital Management Inc now owns 2,702 shares of the utilities provider's stock valued at $258,000 after purchasing an additional 1,159 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of NRG Energy by 10,483.2% during the 1st quarter. GAMMA Investing LLC now owns 661,347 shares of the utilities provider's stock valued at $63,132,000 after purchasing an additional 655,098 shares in the last quarter. Institutional investors and hedge funds own 97.72% of the company's stock.

NRG Energy Stock Performance

Shares of NRG opened at $168.66 on Monday. The company has a current ratio of 0.93, a quick ratio of 0.88 and a debt-to-equity ratio of 5.99. The company has a market capitalization of $32.62 billion, a price-to-earnings ratio of 76.32, a PEG ratio of 1.37 and a beta of 1.17. The stock has a 50 day moving average of $156.31 and a 200 day moving average of $139.04. NRG Energy, Inc. has a 12 month low of $79.57 and a 12 month high of $175.96.

NRG Energy (NYSE:NRG - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The utilities provider reported $1.68 EPS for the quarter, missing analysts' consensus estimates of $1.72 by ($0.04). The business had revenue of $6.74 billion for the quarter, compared to analysts' expectations of $6.63 billion. NRG Energy had a net margin of 1.78% and a return on equity of 88.22%. The business's revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business posted $3.37 earnings per share. As a group, sell-side analysts forecast that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, August 1st. NRG Energy's dividend payout ratio (DPR) is presently 79.64%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Scotiabank assumed coverage on NRG Energy in a research report on Monday, September 22nd. They set a "sector outperform" rating and a $212.00 target price on the stock. BMO Capital Markets upped their target price on NRG Energy from $167.00 to $185.00 and gave the company a "market perform" rating in a research report on Wednesday, August 6th. Citigroup upped their target price on NRG Energy from $133.00 to $185.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Wall Street Zen lowered NRG Energy from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Barclays increased their price target on NRG Energy from $197.00 to $203.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $188.85.

Insider Activity at NRG Energy

In related news, VP Dak Liyanearachchi sold 10,672 shares of the stock in a transaction that occurred 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 directly owned 48,571 shares of the company's stock, valued at approximately $7,528,505. This trade represents a 18.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.61% of the company's stock.

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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