Investors Buy High Volume of Put Options on NRG Energy (NYSE:NRG)


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NRG Energy, Inc. (NYSE:NRG) was the target of unusually large options trading on Wednesday. Stock investors purchased 3,681 put options on the company. This is an increase of approximately 1,453% compared to the typical daily volume of 237 put options.

In related news, SVP David Callen sold 9,000 shares of the stock in a transaction dated Tuesday, December 15th. The stock was sold at an average price of $33.40, for a total transaction of $300,600.00. Following the sale, the senior vice president now owns 35,853 shares of the company’s stock, valued at approximately $1,197,490.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.70% of the company’s stock.

Large investors have recently bought and sold shares of the business. Acadian Asset Management LLC lifted its position in NRG Energy by 6.8% in the third quarter. Acadian Asset Management LLC now owns 6,144 shares of the utilities provider’s stock valued at $189,000 after buying an additional 390 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of NRG Energy by 3.6% in the third quarter. Daiwa Securities Group Inc. now owns 11,951 shares of the utilities provider’s stock valued at $367,000 after purchasing an additional 411 shares during the period. ARGI Investment Services LLC lifted its holdings in NRG Energy by 2.4% during the third quarter. ARGI Investment Services LLC now owns 17,986 shares of the utilities provider’s stock worth $553,000 after buying an additional 414 shares during the period. M&T Bank Corp lifted its holdings in NRG Energy by 5.5% during the third quarter. M&T Bank Corp now owns 9,704 shares of the utilities provider’s stock worth $298,000 after buying an additional 508 shares during the period. Finally, Meeder Asset Management Inc. lifted its holdings in NRG Energy by 1.2% during the third quarter. Meeder Asset Management Inc. now owns 43,789 shares of the utilities provider’s stock worth $1,346,000 after buying an additional 519 shares during the period. Institutional investors and hedge funds own 88.48% of the company’s stock.

NRG opened at $41.40 on Thursday. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.55 and a quick ratio of 1.39. The company’s 50 day simple moving average is $35.09 and its two-hundred day simple moving average is $33.30. NRG Energy has a 1-year low of $19.54 and a 1-year high of $41.73. The firm has a market capitalization of $10.11 billion, a price-to-earnings ratio of 2.65, a price-to-earnings-growth ratio of 0.17 and a beta of 0.99.

NRG Energy (NYSE:NRG) last posted its earnings results on Thursday, November 5th. The utilities provider reported $1.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.01. The firm had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $3.65 billion. NRG Energy had a net margin of 43.90% and a return on equity of 50.32%. The firm’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.45 EPS. On average, equities analysts anticipate that NRG Energy will post 4.82 earnings per share for the current fiscal year.

NRG has been the topic of a number of research analyst reports. Morgan Stanley upped their target price on NRG Energy from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 15th. ValuEngine upgraded NRG Energy from a “strong sell” rating to a “sell” rating in a research note on Monday, November 2nd. BidaskClub upgraded NRG Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, January 5th. Finally, Zacks Investment Research upgraded NRG Energy from a “sell” rating to a “hold” rating and set a $39.00 target price on the stock in a research note on Thursday, January 7th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $40.56.

About NRG Energy

NRG Energy, Inc, together with its subsidiaries, operates as an energy company in the United States. It operates through Generation and Retail segments. The company is involved in the producing, selling, and delivering electricity and related products and services to 3.7 million residential, industrial, and commercial consumers.

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