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

Toronto Dominion Bank lowered its stake in NRG Energy, Inc. (NYSE:NRG - Free Report) by 37.9% in the 4th quarter, according to its most recent filing with the SEC. The fund 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 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Schechter Investment Advisors LLC lifted its stake in shares of NRG Energy by 0.8% in the 4th quarter. Schechter Investment Advisors LLC now owns 15,916 shares of the utilities provider's stock worth $1,436,000 after acquiring an additional 120 shares during the period. Mather Group LLC. lifted its position in shares of NRG Energy by 18.4% in the fourth quarter. Mather Group LLC. now owns 803 shares of the utilities provider's stock worth $72,000 after purchasing an additional 125 shares in the last quarter. Avestar Capital LLC grew its stake in NRG Energy by 4.7% in the fourth quarter. Avestar Capital LLC now owns 3,046 shares of the utilities provider's stock valued at $275,000 after purchasing an additional 138 shares in the last quarter. Independent Advisor Alliance grew its position in NRG Energy by 5.9% in the fourth quarter. Independent Advisor Alliance now owns 2,619 shares of the utilities provider's stock worth $236,000 after acquiring an additional 146 shares in the last quarter. Finally, Huntington National Bank lifted its position in shares of NRG Energy by 28.3% in the fourth quarter. Huntington National Bank now owns 662 shares of the utilities provider's stock worth $60,000 after buying an additional 146 shares during the last quarter. Institutional investors own 97.72% of the company's stock.

NRG Energy Trading Up 0.9%

NRG traded up $1.37 during trading on Friday, hitting $155.84. The company's stock had a trading volume of 3,798,314 shares, compared to its average volume of 3,012,890. NRG Energy, Inc. has a twelve month low of $65.11 and a twelve month high of $161.78. The stock's fifty day moving average price is $117.86 and its 200-day moving average price is $105.49. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57. The firm has a market capitalization of $30.47 billion, a P/E ratio of 39.16, a PEG ratio of 1.01 and a beta of 1.00.

NRG Energy (NYSE:NRG - Get Free Report) last announced its earnings results on Monday, May 12th. The utilities provider reported $2.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $1.90. NRG Energy had a return on equity of 48.96% and a net margin of 3.43%. The firm had revenue of $8.59 billion during the quarter, compared to analyst estimates of $8.28 billion. During the same period last year, the firm posted $2.31 EPS. The business's revenue was up 15.6% compared to the same quarter last year. Analysts anticipate that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend was Thursday, May 1st. NRG Energy's dividend payout ratio (DPR) is currently 28.39%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Wall Street Zen lowered shares of 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 stock an "equal weight" rating in a research report on Wednesday, February 19th. The Goldman Sachs Group assumed coverage on shares of NRG Energy in a research report on Friday, April 4th. They set a "buy" rating and a $129.00 target price on the stock. Jefferies Financial Group lifted their price target on shares of NRG Energy from $113.00 to $132.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Finally, Guggenheim upped their price target on NRG Energy from $138.00 to $173.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $140.75.

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.