Pictet Asset Management Holding SA Raises Position in NRG Energy, Inc. $NRG

Pictet Asset Management Holding SA raised its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 18.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 501,766 shares of the utilities provider’s stock after buying an additional 76,711 shares during the period. Pictet Asset Management Holding SA’s holdings in NRG Energy were worth $73,326,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in NRG Energy by 41.8% during the 4th quarter. Brighton Jones LLC now owns 5,187 shares of the utilities provider’s stock valued at $468,000 after acquiring an additional 1,528 shares during the period. Integrated Wealth Concepts LLC purchased a new position in NRG Energy in the 1st quarter worth approximately $323,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in NRG Energy by 7.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,257 shares of the utilities provider’s stock valued at $1,934,000 after purchasing an additional 1,381 shares during the last quarter. Woodline Partners LP boosted its stake in shares of NRG Energy by 40.7% during the first quarter. Woodline Partners LP now owns 17,114 shares of the utilities provider’s stock valued at $1,634,000 after purchasing an additional 4,949 shares during the period. Finally, Marshall Wace LLP purchased a new stake in shares of NRG Energy during the second quarter valued at approximately $7,937,000. 97.72% of the stock is owned by institutional investors.

NRG Energy Stock Down 0.6%

Shares of NRG Energy stock opened at $148.54 on Tuesday. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 4.68. NRG Energy, Inc. has a 12-month low of $120.11 and a 12-month high of $189.96. The company has a market cap of $31.34 billion, a P/E ratio of 174.75 and a beta of 1.25. The company’s fifty day simple moving average is $139.56 and its two-hundred day simple moving average is $151.69.

NRG Energy (NYSE:NRG) last posted its earnings results on Wednesday, May 6th. The utilities provider reported $1.48 EPS for the quarter, missing the consensus estimate of $1.78 by ($0.30). The company had revenue of $10.26 billion during the quarter, compared to analysts’ expectations of $8.43 billion. NRG Energy had a return on equity of 70.67% and a net margin of 0.74%.The company’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same period in the prior year, the business posted $2.68 earnings per share. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. Research analysts anticipate that NRG Energy, Inc. will post 8.89 EPS for the current year.

NRG Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were issued a $0.475 dividend. The ex-dividend date was Friday, May 1st. This represents a $1.90 annualized dividend and a yield of 1.3%. NRG Energy’s dividend payout ratio (DPR) is 223.53%.

Insiders Place Their Bets

In other NRG Energy news, VP Virginia Kinney sold 20,000 shares of NRG Energy stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $127.52, for a total transaction of $2,550,400.00. Following the sale, the vice president directly owned 45,111 shares of the company’s stock, valued at approximately $5,752,554.72. The trade was a 30.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.43% of the company’s stock.

Analyst Upgrades and Downgrades

NRG has been the topic of several analyst reports. Barclays decreased their target price on shares of NRG Energy from $203.00 to $200.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 31st. The Goldman Sachs Group began coverage on shares of NRG Energy in a report on Friday, March 6th. They set a “buy” rating and a $197.00 target price for the company. Morgan Stanley set a $165.00 target price on NRG Energy in a research note on Wednesday, June 24th. Weiss Ratings lowered NRG Energy from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 11th. Finally, BNP Paribas Exane began coverage on NRG Energy in a report on Wednesday, March 18th. They issued an “outperform” rating and a $232.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, NRG Energy has an average rating of “Moderate Buy” and a consensus price target of $199.92.

NRG Energy Profile

NRG Energy (NYSE: NRG) is a U.S.-based integrated power company headquartered in Houston, Texas. The company develops, owns and operates a diversified portfolio of power generation assets and participates in wholesale and retail energy markets. NRG supplies electricity to utilities, commercial and industrial customers, and retail consumers, while also providing energy-related products and services designed to manage consumption and support reliability.

NRG’s generation mix includes conventional thermal plants as well as renewable and distributed energy resources.