NRG Energy, Inc. (NYSE:NRG) Shares Purchased by Toronto Dominion Bank

Toronto Dominion Bank raised its position in NRG Energy, Inc. (NYSE:NRG - Free Report) by 16.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 113,868 shares of the utilities provider's stock after buying an additional 15,813 shares during the period. Toronto Dominion Bank owned about 0.06% of NRG Energy worth $10,373,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Sequoia Financial Advisors LLC lifted its holdings in NRG Energy by 43.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,394 shares of the utilities provider's stock valued at $342,000 after purchasing an additional 1,326 shares in the last quarter. Diversified Trust Co purchased a new position in shares of NRG Energy in the second quarter worth about $228,000. Wealth Enhancement Advisory Services LLC grew its stake in NRG Energy by 10.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 34,165 shares of the utilities provider's stock valued at $2,660,000 after acquiring an additional 3,125 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in NRG Energy by 54.7% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 7,549 shares of the utilities provider's stock valued at $588,000 after acquiring an additional 2,669 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in NRG Energy by 457.7% in the 2nd quarter. Blue Trust Inc. now owns 1,740 shares of the utilities provider's stock worth $135,000 after purchasing an additional 1,428 shares in the last quarter. Institutional investors and hedge funds own 97.72% of the company's stock.

NRG Energy Stock Down 0.2 %

NRG Energy stock traded down $0.16 during mid-day trading on Friday, reaching $94.98. 1,432,026 shares of the company's stock were exchanged, compared to its average volume of 3,196,734. The company has a fifty day moving average of $92.91 and a 200-day moving average of $84.73. The company has a market cap of $19.24 billion, a P/E ratio of 23.86, a P/E/G ratio of 1.30 and a beta of 1.12. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57. NRG Energy, Inc. has a twelve month low of $47.88 and a twelve month high of $103.14.

NRG Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a $0.4075 dividend. This represents a $1.63 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date was Friday, November 1st. NRG Energy's dividend payout ratio is currently 40.95%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Citigroup increased their price target on NRG Energy from $84.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, October 31st. StockNews.com lowered NRG Energy from a "buy" rating to a "hold" rating in a report on Monday, September 2nd. Wells Fargo & Company upped their price objective on shares of NRG Energy from $130.00 to $140.00 and gave the company an "overweight" rating in a report on Monday, November 11th. BMO Capital Markets lifted their target price on shares of NRG Energy from $94.00 to $100.00 and gave the stock a "market perform" rating in a research note on Tuesday, November 19th. Finally, Jefferies Financial Group raised shares of NRG Energy from a "hold" rating to a "buy" rating and increased their price target for the company from $93.00 to $113.00 in a research note on Tuesday, November 26th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $102.71.

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.