Stock Traders Purchase Large Volume of NRG Energy Call Options (NRG)
NRG Energy, Inc. (NYSE:NRG) saw some unusual options trading on Monday. Traders bought 9,333 call options on the stock. This represents an increase of approximately 583% compared to the typical volume of 1,366 call options.
NRG Energy (NYSE:NRG) opened at 25.67 on Thursday. NRG Energy has a 12-month low of $9.84 and a 12-month high of $25.94. The firm has a 50-day moving average price of $22.33 and a 200-day moving average price of $18.33. The stock’s market cap is $8.12 billion.
NRG Energy (NYSE:NRG) last released its earnings results on Thursday, August 3rd. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.31. The firm had revenue of $2.70 billion for the quarter, compared to analyst estimates of $3.19 billion. NRG Energy had a positive return on equity of 12.38% and a negative net margin of 10.67%. The company’s revenue was up 20.2% on a year-over-year basis. During the same quarter last year, the firm posted ($0.61) EPS. Analysts forecast that NRG Energy will post $0.59 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st were given a $0.03 dividend. The ex-dividend date of this dividend was Friday, July 28th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.47%. NRG Energy’s dividend payout ratio is currently -2.75%.
Several analysts have commented on the company. BidaskClub upgraded NRG Energy from a “hold” rating to a “buy” rating in a report on Wednesday. Barclays PLC restated an “overweight” rating and issued a $27.00 price target on shares of NRG Energy in a report on Thursday, July 13th. They noted that the move was a valuation call. Zacks Investment Research upgraded NRG Energy from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a report on Tuesday, July 11th. ValuEngine upgraded NRG Energy from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 6th. Finally, Williams Capital assumed coverage on NRG Energy in a report on Thursday, June 1st. They issued a “buy” rating and a $20.00 price target for the company. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $21.13.
Several hedge funds have recently made changes to their positions in NRG. Fieldpoint Private Securities LLC purchased a new stake in shares of NRG Energy during the second quarter worth approximately $112,000. Ameritas Investment Partners Inc. purchased a new stake in shares of NRG Energy during the first quarter worth approximately $141,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of NRG Energy during the second quarter worth approximately $186,000. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of NRG Energy during the first quarter worth approximately $194,000. Finally, Thrivent Financial For Lutherans increased its stake in shares of NRG Energy by 4.4% in the second quarter. Thrivent Financial For Lutherans now owns 12,070 shares of the utilities provider’s stock worth $208,000 after buying an additional 510 shares in the last quarter. Institutional investors own 91.30% of the company’s stock.
NRG Energy Company Profile
NRG Energy, Inc (NRG) is an integrated power company. The Company is engaged in producing, selling and delivering electricity and related products and services in various markets in the United States. The Company’s segments include Generation, Retail, Renewables, NRG Yield, Inc (NRG Yield) and Corporate activities.
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