Pictet Asset Management SA Has $5.80 Million Stake in NRG Energy, Inc. (NYSE:NRG)

Pictet Asset Management SA increased its stake in shares of NRG Energy, Inc. (NYSE:NRGGet Rating) by 6.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 151,822 shares of the utilities provider’s stock after purchasing an additional 9,396 shares during the quarter. Pictet Asset Management SA’s holdings in NRG Energy were worth $5,795,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of NRG. Point72 Hong Kong Ltd boosted its position in NRG Energy by 2.5% in the 1st quarter. Point72 Hong Kong Ltd now owns 9,537 shares of the utilities provider’s stock valued at $366,000 after buying an additional 231 shares during the last quarter. McIlrath & Eck LLC lifted its stake in shares of NRG Energy by 11.0% during the first quarter. McIlrath & Eck LLC now owns 2,924 shares of the utilities provider’s stock valued at $112,000 after acquiring an additional 290 shares during the period. Profund Advisors LLC lifted its stake in shares of NRG Energy by 2.9% during the first quarter. Profund Advisors LLC now owns 11,566 shares of the utilities provider’s stock valued at $444,000 after acquiring an additional 323 shares during the period. Bank of Nova Scotia boosted its holdings in NRG Energy by 5.0% in the second quarter. Bank of Nova Scotia now owns 7,053 shares of the utilities provider’s stock valued at $269,000 after acquiring an additional 333 shares during the last quarter. Finally, Mutual of America Capital Management LLC increased its position in NRG Energy by 0.7% in the first quarter. Mutual of America Capital Management LLC now owns 52,945 shares of the utilities provider’s stock worth $2,031,000 after purchasing an additional 345 shares during the period. Institutional investors and hedge funds own 95.84% of the company’s stock.

NRG Energy Trading Up 2.2 %

NRG opened at $42.24 on Friday. The firm’s fifty day moving average is $42.41 and its two-hundred day moving average is $41.24. The firm has a market cap of $9.73 billion, a PE ratio of 5.36, a price-to-earnings-growth ratio of 0.30 and a beta of 0.89. NRG Energy, Inc. has a twelve month low of $34.91 and a twelve month high of $47.82. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.27 and a current ratio of 1.32.

NRG Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Tuesday, November 1st were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend was Monday, October 31st. NRG Energy’s payout ratio is presently 17.77%.

Analyst Ratings Changes

Several research analysts have recently issued reports on NRG shares. StockNews.com began coverage on shares of NRG Energy in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Morgan Stanley lifted their target price on shares of 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 cut their price target on NRG Energy from $52.00 to $46.00 and set a “buy” rating on the stock in a research note on Tuesday, August 9th. Finally, BMO Capital Markets lifted their price objective on NRG Energy from $44.00 to $46.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, NRG Energy currently has a consensus rating of “Hold” and a consensus price target 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.

Further Reading

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

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