TD Waterhouse Canada Inc. Increases Holdings in NRG Energy, Inc. (NYSE:NRG)

TD Waterhouse Canada Inc. grew its position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 171.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,905 shares of the utilities provider's stock after acquiring an additional 4,998 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in NRG Energy were worth $713,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of NRG. McIlrath & Eck LLC boosted its stake in shares of NRG Energy by 4.5% in the 3rd quarter. McIlrath & Eck LLC now owns 2,630 shares of the utilities provider's stock worth $240,000 after buying an additional 113 shares during the last quarter. Fulcrum Equity Management bought a new stake in shares of NRG Energy in the third quarter valued at $274,000. Pine Valley Investments Ltd Liability Co lifted its position in shares of NRG Energy by 25.1% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 50,027 shares of the utilities provider's stock valued at $4,557,000 after buying an additional 10,031 shares during the last quarter. World Investment Advisors LLC bought a new position in shares of NRG Energy during the 3rd quarter worth $254,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in NRG Energy in the 3rd quarter valued at about $797,000. 97.72% of the stock is currently owned by institutional investors.

NRG Energy Stock Up 4.3 %

NYSE:NRG traded up $4.74 during trading hours on Thursday, reaching $113.88. 1,010,028 shares of the company traded hands, compared to its average volume of 3,017,558. NRG Energy, Inc. has a 1 year low of $65.11 and a 1 year high of $117.26. The stock has a market capitalization of $23.19 billion, a P/E ratio of 28.57, a P/E/G ratio of 1.01 and a beta of 1.10. The business's 50-day moving average price is $97.61 and its two-hundred day moving average price is $97.25. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57.

NRG Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be issued a $0.44 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $1.76 annualized dividend and a yield of 1.55%. NRG Energy's dividend payout ratio (DPR) is presently 35.92%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. The Goldman Sachs Group started coverage on shares of NRG Energy in a report on Friday, April 4th. They issued a "buy" rating and a $129.00 price objective for the company. Wells Fargo & Company lifted their target price on shares of NRG Energy from $140.00 to $165.00 and gave the company an "overweight" rating in a research report on Thursday, February 27th. Evercore ISI upgraded NRG Energy from an "in-line" rating to an "outperform" rating and raised their price target for the company from $74.00 to $126.00 in a research report on Tuesday, January 21st. Morgan Stanley upped their target price on NRG Energy from $86.00 to $99.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 19th. Finally, Guggenheim boosted their price target on shares of NRG Energy from $134.00 to $145.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $124.00.

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.