NRG Energy Target of Unusually High Options Trading (NYSE:NRG)

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NRG Energy, Inc. (NYSE:NRGGet Rating) saw unusually large options trading on Friday. Stock investors acquired 13,047 call options on the stock. This is an increase of 439% compared to the average volume of 2,420 call options.

Wall Street Analysts Forecast Growth

NRG has been the topic of a number of analyst reports. The Goldman Sachs Group cut their target price on NRG Energy from $52.00 to $46.00 and set a “buy” rating on the stock in a research note on Tuesday, August 9th. Bank of America lowered NRG Energy from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $43.00 to $42.00 in a report on Tuesday, June 7th. Finally, Morgan Stanley upped their target price on NRG Energy from $46.00 to $47.00 and gave the company an “overweight” rating in a research report on Tuesday, August 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from, NRG Energy presently has an average rating of “Hold” and a consensus target price of $43.80.

NRG Energy Trading Down 2.2 %

Shares of NRG Energy stock opened at $43.87 on Friday. NRG Energy has a 52-week low of $34.70 and a 52-week high of $47.82. The company has a quick ratio of 1.25, a current ratio of 1.29 and a debt-to-equity ratio of 1.50. The company’s 50-day simple moving average is $39.94 and its 200-day simple moving average is $39.95. The firm has a market cap of $10.32 billion, a price-to-earnings ratio of 3.09, a price-to-earnings-growth ratio of 1.30 and a beta of 0.84.

NRG Energy (NYSE:NRGGet Rating) last released its quarterly earnings data on Thursday, August 4th. The utilities provider reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $1.36. NRG Energy had a net margin of 11.93% and a return on equity of 33.75%. The company had revenue of $7.28 billion during the quarter, compared to analyst estimates of $5.27 billion. During the same quarter in the prior year, the business earned $1.20 earnings per share. The business’s quarterly revenue was up 38.9% compared to the same quarter last year. As a group, equities research analysts anticipate that NRG Energy will post 2.8 earnings per share for the current year.

NRG Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 15th. Investors of record on Monday, August 1st were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.19%. The ex-dividend date was Friday, July 29th. NRG Energy’s dividend payout ratio is currently 9.87%.

Hedge Funds Weigh In On NRG Energy

A number of institutional investors and hedge funds have recently bought and sold shares of NRG. First Horizon Advisors Inc. increased its stake in NRG Energy by 206.8% during the 2nd quarter. First Horizon Advisors Inc. now owns 681 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 459 shares in the last quarter. CWM LLC increased its position in NRG Energy by 70.5% during the 1st quarter. CWM LLC now owns 757 shares of the utilities provider’s stock worth $29,000 after buying an additional 313 shares during the period. West Oak Capital LLC increased its position in shares of NRG Energy by 300.0% in the second quarter. West Oak Capital LLC now owns 1,600 shares of the utilities provider’s stock worth $61,000 after purchasing an additional 1,200 shares during the period. MBM Wealth Consultants LLC increased its position in shares of NRG Energy by 43.3% in the fourth quarter. MBM Wealth Consultants LLC now owns 1,479 shares of the utilities provider’s stock worth $64,000 after purchasing an additional 447 shares during the period. Finally, Covestor Ltd bought a new position in shares of NRG Energy in the fourth quarter worth $65,000. Institutional investors own 95.84% of the company’s stock.

About NRG Energy

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NRG Energy, Inc, together with its subsidiaries, operates as an integrated power company in the United States. It operates through Texas, East, and West. The company is involved in the producing, selling, and delivering electricity and related products and services to approximately 6 million residential, commercial, industrial, and wholesale customers.

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