Toronto Dominion Bank Has $4.41 Million Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

Toronto Dominion Bank lowered its holdings in shares of NRG Energy, Inc. (NYSE:NRGGet Rating) by 15.5% in the 2nd quarter, HoldingsChannel reports. The firm owned 115,627 shares of the utilities provider’s stock after selling 21,288 shares during the period. Toronto Dominion Bank’s holdings in NRG Energy were worth $4,413,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Pzena Investment Management LLC increased its stake in shares of NRG Energy by 8.3% in the 1st quarter. Pzena Investment Management LLC now owns 18,654,573 shares of the utilities provider’s stock valued at $715,589,000 after acquiring an additional 1,430,085 shares in the last quarter. LSV Asset Management increased its stake in NRG Energy by 4.5% in the first quarter. LSV Asset Management now owns 6,972,773 shares of the utilities provider’s stock valued at $267,476,000 after purchasing an additional 298,701 shares in the last quarter. Lyrical Asset Management LP raised its holdings in shares of NRG Energy by 2.0% during the first quarter. Lyrical Asset Management LP now owns 5,660,761 shares of the utilities provider’s stock valued at $217,147,000 after purchasing an additional 113,422 shares during the period. Permian Investment Partners LP boosted its position in shares of NRG Energy by 1.4% during the 1st quarter. Permian Investment Partners LP now owns 5,326,801 shares of the utilities provider’s stock worth $204,336,000 after purchasing an additional 73,000 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of NRG Energy by 145.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,746,180 shares of the utilities provider’s stock valued at $182,064,000 after buying an additional 2,812,434 shares during the period. 95.84% of the stock is currently owned by institutional investors.

NRG Energy Stock Up 0.2 %

Shares of NYSE:NRG opened at $42.44 on Friday. The stock has a market cap of $9.78 billion, a price-to-earnings ratio of 5.39, a PEG ratio of 0.30 and a beta of 0.89. The business’s 50 day moving average is $42.24 and its 200 day moving average is $41.31. NRG Energy, Inc. has a 12-month low of $34.91 and a 12-month high of $47.82. The company has a quick ratio of 1.27, a current ratio of 1.32 and a debt-to-equity ratio of 1.55.

NRG Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 1st were paid a $0.35 dividend. The ex-dividend date was Monday, October 31st. This represents a $1.40 annualized dividend and a dividend yield of 3.30%. NRG Energy’s payout ratio is 17.77%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. StockNews.com assumed coverage on NRG Energy in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Morgan Stanley increased their target price on NRG Energy from $46.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, October 28th. The Goldman Sachs Group reduced their price target on shares of NRG Energy from $52.00 to $46.00 and set a “buy” rating for the company in a research report on Tuesday, August 9th. Finally, BMO Capital Markets upped their price objective on shares of NRG Energy from $44.00 to $46.00 and gave the stock a “market perform” rating in a report on Tuesday, November 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $44.17.

About NRG Energy

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NRG Energy, Inc engages in the production, sale, and distribution of energy and energy services. It operates through the following segments: Generation, Retail, and Corporate. The Generation segment includes all power plant activities, domestic and international, as well as renewables. The Retail segment includes mass customers and business solutions, and other distributed and reliability products.

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

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