Toronto Dominion Bank reduced its position in NRG Energy, Inc. (NYSE:NRG – Get Rating) by 11.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 102,019 shares of the utilities provider’s stock after selling 13,608 shares during the period. Toronto Dominion Bank’s holdings in NRG Energy were worth $3,903,000 at the end of the most recent reporting period.
→ Know Your Profit Potential BEFORE You Trade! (From Tradewins)
Several other hedge funds and other institutional investors have also recently bought and sold shares of NRG. First Horizon Advisors Inc. grew its stake in NRG Energy by 206.8% in the 2nd quarter. First Horizon Advisors Inc. now owns 681 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 459 shares during the period. Cowa LLC purchased a new stake in shares of NRG Energy during the 3rd quarter valued at $27,000. Ronald Blue Trust Inc. grew its stake in shares of NRG Energy by 163.0% during the 3rd quarter. Ronald Blue Trust Inc. now owns 1,073 shares of the utilities provider’s stock valued at $40,000 after buying an additional 665 shares during the period. Van ECK Associates Corp purchased a new stake in shares of NRG Energy during the 2nd quarter valued at $71,000. Finally, Atlas Capital Advisors LLC purchased a new stake in shares of NRG Energy during the 2nd quarter valued at $80,000. 99.98% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on the stock. BMO Capital Markets lowered their price objective on shares of NRG Energy from $46.00 to $43.00 in a research note on Thursday, December 8th. UBS Group cut shares of NRG Energy from a “neutral” rating to a “sell” rating in a research note on Wednesday, December 7th. Morgan Stanley upped their price target on shares of NRG Energy from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Monday, January 23rd. Finally, Bank of America raised shares of NRG Energy from an “underperform” rating to a “neutral” rating and decreased their price target for the stock from $38.00 to $32.00 in a research report on Monday, December 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $40.40.
Insider Activity
In related news, CEO Mauricio Gutierrez bought 15,000 shares of the business’s stock in a transaction dated Thursday, December 15th. The shares were acquired at an average price of $32.03 per share, for a total transaction of $480,450.00. Following the purchase, the chief executive officer now owns 1,111,368 shares in the company, valued at approximately $35,597,117.04. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Antonio Carrillo bought 9,000 shares of the business’s stock in a transaction dated Thursday, December 15th. The shares were acquired at an average price of $31.71 per share, for a total transaction of $285,390.00. Following the purchase, the director now owns 27,446 shares in the company, valued at approximately $870,312.66. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Mauricio Gutierrez bought 15,000 shares of the business’s stock in a transaction dated Thursday, December 15th. The stock was bought at an average price of $32.03 per share, for a total transaction of $480,450.00. Following the purchase, the chief executive officer now owns 1,111,368 shares in the company, valued at approximately $35,597,117.04. The disclosure for this purchase can be found here. Company insiders own 0.76% of the company’s stock.
NRG Energy Stock Performance
Shares of NRG stock opened at $34.86 on Monday. NRG Energy, Inc. has a 12 month low of $30.64 and a 12 month high of $47.82. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.32 and a quick ratio of 1.27. The firm has a market capitalization of $8.03 billion, a P/E ratio of 4.42, a P/E/G ratio of 0.57 and a beta of 0.98. The company’s fifty day moving average price is $32.93 and its two-hundred day moving average price is $38.67.
NRG Energy Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 15th. Stockholders of record on Wednesday, February 1st will be paid a $0.3775 dividend. This represents a $1.51 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date is Tuesday, January 31st. This is a positive change from NRG Energy’s previous quarterly dividend of $0.35. NRG Energy’s dividend payout ratio is 19.16%.
About NRG Energy
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.
Further Reading
Want to see what other hedge funds are holding NRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NRG Energy, Inc. (NYSE:NRG – Get Rating).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider NRG Energy, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and NRG Energy wasn’t on the list.
While NRG Energy currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
Source: marketbeat.com
