Toronto Dominion Bank Has $4.69 Million Holdings in NRG Energy, Inc. (NYSE:NRG)

Toronto Dominion Bank lessened its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 83.8% during the first quarter, Holdings Channel.com reports. The firm owned 69,308 shares of the utilities provider’s stock after selling 358,009 shares during the quarter. Toronto Dominion Bank’s holdings in NRG Energy were worth $4,691,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Headlands Technologies LLC acquired a new position in shares of NRG Energy during the fourth quarter worth $118,000. Raymond James & Associates lifted its holdings in shares of NRG Energy by 81.1% during the fourth quarter. Raymond James & Associates now owns 305,917 shares of the utilities provider’s stock worth $15,816,000 after purchasing an additional 136,968 shares during the period. Friedenthal Financial acquired a new position in shares of NRG Energy during the fourth quarter worth $743,000. Gotham Asset Management LLC lifted its holdings in shares of NRG Energy by 93.1% during the fourth quarter. Gotham Asset Management LLC now owns 357,618 shares of the utilities provider’s stock worth $18,489,000 after purchasing an additional 172,400 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of NRG Energy by 885.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 237,444 shares of the utilities provider’s stock worth $16,073,000 after purchasing an additional 213,347 shares during the period. Institutional investors and hedge funds own 97.72% of the company’s stock.

Insider Activity

In other news, insider Rasesh M. Patel sold 24,546 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $83.41, for a total transaction of $2,047,381.86. Following the transaction, the insider now owns 266,064 shares in the company, valued at $22,192,398.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.86% of the company’s stock.

NRG Energy Price Performance

Shares of NYSE NRG opened at $73.71 on Friday. The firm’s 50-day moving average price is $79.18 and its 200-day moving average price is $68.99. NRG Energy, Inc. has a 1-year low of $35.97 and a 1-year high of $87.58. The firm has a market capitalization of $15.37 billion, a P/E ratio of 10.44 and a beta of 1.07. The company has a current ratio of 1.01, a quick ratio of 0.95 and a debt-to-equity ratio of 3.61.

NRG Energy (NYSE:NRG) last announced its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.12). NRG Energy had a net margin of 5.76% and a return on equity of 42.60%. The company had revenue of $7.43 billion for the quarter. Equities research analysts anticipate that NRG Energy, Inc. will post 4.47 earnings per share for the current fiscal year.

NRG Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be issued a dividend of $0.4075 per share. The ex-dividend date is Thursday, August 1st. This represents a $1.63 annualized dividend and a dividend yield of 2.21%. NRG Energy’s dividend payout ratio is currently 23.09%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on NRG shares. Wells Fargo & Company lifted their price target on shares of NRG Energy from $100.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday, May 15th. Morgan Stanley boosted their target price on shares of NRG Energy from $70.00 to $83.00 and gave the company an “equal weight” rating in a report on Tuesday, May 28th. Finally, BMO Capital Markets boosted their target price on shares of NRG Energy from $73.00 to $82.00 and gave the company a “market perform” rating in a report on Wednesday, May 8th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $71.14.

NRG Energy Company 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.