Stock Traders Buy Large Volume of Put Options on NRG Energy (NYSE:NRG)

NRG Energy, Inc. (NYSE:NRGGet Rating) was the recipient of some unusual options trading activity on Thursday. Investors purchased 22,900 put options on the company. This is an increase of approximately 795% compared to the average volume of 2,558 put options.

NRG Energy Price Performance

Shares of NYSE:NRG opened at $41.38 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.25 and a debt-to-equity ratio of 1.50. NRG Energy has a twelve month low of $34.70 and a twelve month high of $47.82. The company’s 50 day moving average is $40.38 and its 200 day moving average is $40.07. The company has a market cap of $9.73 billion, a PE ratio of 2.92, a price-to-earnings-growth ratio of 0.57 and a beta of 0.84.

NRG Energy (NYSE:NRGGet Rating) last announced its earnings results on Thursday, August 4th. The utilities provider reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $1.36. NRG Energy had a return on equity of 33.75% and a net margin of 11.93%. The firm had revenue of $7.28 billion for the quarter, compared to analyst estimates of $5.27 billion. During the same quarter last year, the firm posted $1.20 EPS. The business’s revenue was up 38.9% on a year-over-year basis. On average, sell-side analysts forecast that NRG Energy will post 6.14 EPS for the current year.

NRG Energy Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date was Friday, July 29th. NRG Energy’s dividend payout ratio (DPR) is 9.87%.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On NRG Energy

Hedge funds and other institutional investors have recently made changes to their positions in the stock. First Horizon Advisors Inc. lifted its stake in NRG Energy by 206.8% during the second quarter. First Horizon Advisors Inc. now owns 681 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 459 shares during the last quarter. CWM LLC increased its holdings in shares of NRG Energy by 70.5% in the first quarter. CWM LLC now owns 757 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 313 shares during the period. West Oak Capital LLC increased its holdings 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 valued at $61,000 after purchasing an additional 1,200 shares during the period. MBM Wealth Consultants LLC increased its holdings 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 valued at $64,000 after purchasing an additional 447 shares during the period. Finally, Sugarloaf Wealth Management LLC increased its holdings in shares of NRG Energy by 3,223.5% in the second quarter. Sugarloaf Wealth Management LLC now owns 1,695 shares of the utilities provider’s stock valued at $65,000 after purchasing an additional 1,644 shares during the period. Hedge funds and other institutional investors own 95.84% of the company’s stock.

NRG Energy Company Profile

(Get Rating)

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.

Featured Articles

Receive News & Ratings for NRG Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NRG Energy and related companies with MarketBeat.com's FREE daily email newsletter.