Pictet Asset Management Holding SA Buys 10,866 Shares of NRG Energy, Inc. (NYSE:NRG)

Pictet Asset Management Holding SA boosted its holdings in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 8.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 135,433 shares of the utilities provider's stock after purchasing an additional 10,866 shares during the period. Pictet Asset Management Holding SA owned about 0.07% of NRG Energy worth $12,219,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of NRG. Assenagon Asset Management S.A. lifted its position in shares of NRG Energy by 1,010.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,557,350 shares of the utilities provider's stock worth $140,504,000 after buying an additional 1,417,057 shares during the last quarter. Boston Partners acquired a new position in NRG Energy during the fourth quarter worth about $94,346,000. Appaloosa LP lifted its holdings in shares of NRG Energy by 81.5% in the fourth quarter. Appaloosa LP now owns 1,815,000 shares of the utilities provider's stock worth $163,749,000 after acquiring an additional 815,180 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in shares of NRG Energy by 350.4% in the 4th quarter. Teacher Retirement System of Texas now owns 904,265 shares of the utilities provider's stock valued at $81,583,000 after purchasing an additional 703,481 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of NRG Energy during the 4th quarter valued at approximately $61,679,000. Institutional investors and hedge funds own 97.72% of the company's stock.

Insiders Place Their Bets

In other news, CFO Bruce Chung sold 20,000 shares of NRG Energy stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $97.63, for a total value of $1,952,600.00. Following the completion of the transaction, the chief financial officer now directly owns 69,454 shares of the company's stock, valued at approximately $6,780,794.02. This trade represents a 22.36 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.86% of the company's stock.

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NRG Energy Trading Down 10.1 %

Shares of NRG stock traded down $9.39 on Friday, hitting $83.38. The company had a trading volume of 6,875,881 shares, compared to its average volume of 3,080,309. NRG Energy, Inc. has a twelve month low of $65.11 and a twelve month high of $117.26. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17. The firm has a market cap of $16.98 billion, a P/E ratio of 20.95, a P/E/G ratio of 1.01 and a beta of 1.10. The stock's 50-day moving average is $100.23 and its two-hundred day moving average is $96.28.

NRG Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend was Monday, February 3rd. This is an increase from NRG Energy's previous quarterly dividend of $0.41. NRG Energy's dividend payout ratio is currently 35.92%.

Analysts Set New Price Targets

Several brokerages recently commented on NRG. Morgan Stanley increased their price objective on shares of NRG Energy from $86.00 to $99.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 19th. Wells Fargo & Company increased their price target on NRG Energy from $140.00 to $165.00 and gave the company an "overweight" rating in a research note on Thursday, February 27th. Guggenheim boosted their price objective on NRG Energy from $134.00 to $145.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. BMO Capital Markets lifted their price target on NRG Energy from $100.00 to $115.00 and gave the company a "market perform" rating in a research note on Monday, March 3rd. Finally, Evercore ISI upgraded NRG Energy from an "in-line" rating to an "outperform" rating and boosted their price target for the stock from $74.00 to $126.00 in a report on Tuesday, January 21st. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, NRG Energy has a consensus rating of "Moderate Buy" and a consensus price target of $124.00.

NRG Energy 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.