TD Asset Management Inc. cut its position in shares of NRG Energy, Inc. (NYSE:NRG) by 6.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 691,898 shares of the utilities provider’s stock after selling 47,400 shares during the quarter. TD Asset Management Inc. owned approximately 0.22% of NRG Energy worth $17,706,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Private Advisory Group LLC purchased a new stake in shares of NRG Energy during the third quarter worth about $371,000. ING Groep NV grew its holdings in shares of NRG Energy by 678.7% during the third quarter. ING Groep NV now owns 125,982 shares of the utilities provider’s stock worth $3,224,000 after buying an additional 109,804 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of NRG Energy by 20.8% during the third quarter. Pacer Advisors Inc. now owns 53,260 shares of the utilities provider’s stock worth $1,363,000 after buying an additional 9,176 shares in the last quarter. Macquarie Group Ltd. purchased a new stake in shares of NRG Energy during the third quarter worth about $626,000. Finally, Ameriprise Financial Inc. grew its holdings in shares of NRG Energy by 1.3% during the third quarter. Ameriprise Financial Inc. now owns 205,265 shares of the utilities provider’s stock worth $5,253,000 after buying an additional 2,728 shares in the last quarter. Institutional investors and hedge funds own 97.36% of the company’s stock.

A number of brokerages have recently commented on NRG. Zacks Investment Research downgraded shares of NRG Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 17th. SunTrust Banks reissued a “hold” rating and issued a $25.00 target price on shares of NRG Energy in a research report on Friday, October 20th. BidaskClub raised shares of NRG Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, August 16th. ValuEngine cut shares of NRG Energy from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 27th. Finally, Bank of America assumed coverage on shares of NRG Energy in a research report on Tuesday, October 24th. They issued a “buy” rating and a $31.00 target price on the stock. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $24.67.

NRG Energy, Inc. (NYSE NRG) traded up $0.30 on Friday, hitting $27.95. 5,373,110 shares of the company traded hands, compared to its average volume of 6,157,573. The company has a debt-to-equity ratio of 4.24, a current ratio of 1.28 and a quick ratio of 1.11. NRG Energy, Inc. has a twelve month low of $10.98 and a twelve month high of $29.78. The firm has a market capitalization of $8,850.00, a PE ratio of 21.38 and a beta of 1.25.

NRG Energy (NYSE:NRG) last released its earnings results on Thursday, November 2nd. The utilities provider reported $0.61 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.51). NRG Energy had a positive return on equity of 8.82% and a negative net margin of 13.48%. The company had revenue of $3.05 billion during the quarter, compared to analyst estimates of $3.28 billion. During the same period in the prior year, the business posted $1.27 earnings per share. NRG Energy’s revenue was down 10.9% on a year-over-year basis. research analysts expect that NRG Energy, Inc. will post 0.56 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st were given a $0.03 dividend. The ex-dividend date of this dividend was Tuesday, October 31st. This represents a $0.12 annualized dividend and a dividend yield of 0.43%. NRG Energy’s dividend payout ratio is presently -4.76%.

In other NRG Energy news, Director Barry T. Smitherman purchased 2,541 shares of NRG Energy stock in a transaction on Monday, November 6th. The shares were purchased at an average cost of $28.38 per share, with a total value of $72,113.58. Following the completion of the transaction, the director now directly owns 49,000 shares in the company, valued at approximately $1,390,620. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.31% of the company’s stock.

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NRG Energy Profile

NRG Energy, Inc (NRG) is an integrated power company. The Company is engaged in producing, selling and delivering electricity and related products and services in various markets in the United States. The Company’s segments include Generation, Retail, Renewables, NRG Yield, Inc (NRG Yield) and Corporate activities.

Institutional Ownership by Quarter for NRG Energy (NYSE:NRG)

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