NRG Energy, Inc. (NYSE:NRG) was the recipient of unusually large options trading activity on Friday. Traders bought 7,987 call options on the company. This is an increase of approximately 152% compared to the typical volume of 3,169 call options.

Shares of NRG Energy (NYSE NRG) opened at 23.94 on Monday. The firm’s 50 day moving average is $24.59 and its 200-day moving average is $19.63. NRG Energy has a 52 week low of $9.84 and a 52 week high of $26.25. The firm’s market cap is $7.58 billion.

NRG Energy (NYSE:NRG) last issued its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.31. NRG Energy had a negative net margin of 10.67% and a positive return on equity of 12.38%. The company had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $3.19 billion. During the same quarter in the prior year, the firm earned ($0.61) earnings per share. The firm’s revenue was up 20.2% compared to the same quarter last year. Equities research analysts predict that NRG Energy will post $0.34 EPS for the current year.

A number of research firms recently commented on NRG. Zacks Investment Research raised shares of NRG Energy from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Tuesday, September 12th. BidaskClub raised shares of NRG Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, August 16th. Barclays PLC reaffirmed an “overweight” rating and issued a $27.00 price objective on shares of NRG Energy in a research note on Thursday, July 13th. They noted that the move was a valuation call. ValuEngine raised shares of NRG Energy from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 6th. Finally, Williams Capital began coverage on shares of NRG Energy in a research note on Thursday, June 1st. They issued a “buy” rating and a $20.00 price objective for the company. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $22.25.

Several hedge funds have recently modified their holdings of the company. ING Groep NV increased its position in shares of NRG Energy by 0.4% during the second quarter. ING Groep NV now owns 16,178 shares of the utilities provider’s stock worth $279,000 after acquiring an additional 65 shares in the last quarter. Contravisory Investment Management Inc. increased its position in shares of NRG Energy by 0.7% during the second quarter. Contravisory Investment Management Inc. now owns 15,118 shares of the utilities provider’s stock worth $260,000 after acquiring an additional 110 shares in the last quarter. Arizona State Retirement System increased its position in shares of NRG Energy by 0.3% during the first quarter. Arizona State Retirement System now owns 78,200 shares of the utilities provider’s stock worth $1,462,000 after acquiring an additional 200 shares in the last quarter. Louisiana State Employees Retirement System increased its position in shares of NRG Energy by 1.0% during the second quarter. Louisiana State Employees Retirement System now owns 19,600 shares of the utilities provider’s stock worth $338,000 after acquiring an additional 200 shares in the last quarter. Finally, Advantus Capital Management Inc increased its position in shares of NRG Energy by 0.7% during the first quarter. Advantus Capital Management Inc now owns 31,618 shares of the utilities provider’s stock worth $591,000 after acquiring an additional 215 shares in the last quarter. 91.64% of the stock is owned by institutional investors.

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About NRG Energy

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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