NRG Energy, Inc. (NYSE:NRG) was the target of some unusual options trading activity on Monday. Stock traders bought 9,333 call options on the stock. This is an increase of 583% compared to the average daily volume of 1,366 call options.
Large investors have recently bought and sold shares of the company. Toronto Dominion Bank boosted its stake in NRG Energy by 26.1% in the second quarter. Toronto Dominion Bank now owns 103,193 shares of the utilities provider’s stock valued at $1,777,000 after buying an additional 21,386 shares during the last quarter. WINTON GROUP Ltd boosted its stake in NRG Energy by 244.0% in the second quarter. WINTON GROUP Ltd now owns 133,328 shares of the utilities provider’s stock valued at $2,296,000 after buying an additional 94,575 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new stake in NRG Energy during the second quarter valued at $1,324,000. Cypress Capital Group acquired a new stake in NRG Energy during the second quarter valued at $255,000. Finally, Bank of Nova Scotia boosted its stake in NRG Energy by 82.3% in the second quarter. Bank of Nova Scotia now owns 164,161 shares of the utilities provider’s stock valued at $2,827,000 after buying an additional 74,110 shares during the last quarter. Hedge funds and other institutional investors own 91.30% of the company’s stock.
NRG has been the subject of several analyst reports. Barclays PLC reissued an “overweight” rating and set a $20.00 price target (up from $19.00) on shares of NRG Energy in a research report on Sunday, April 23rd. BidaskClub raised shares of NRG Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Zacks Investment Research lowered shares of NRG Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, April 25th. Williams Capital initiated coverage on shares of NRG Energy in a research report on Thursday, June 1st. They set a “buy” rating and a $20.00 price target for the company. Finally, ValuEngine raised shares of NRG Energy from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 6th. One investment 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 stock presently has a consensus rating of “Buy” and an average target price of $21.13.
NRG Energy (NYSE:NRG) opened at 25.77 on Friday. The stock’s 50 day moving average is $22.81 and its 200 day moving average is $18.45. The firm’s market cap is $8.16 billion. NRG Energy has a 12-month low of $9.84 and a 12-month high of $25.99.
NRG Energy (NYSE:NRG) last posted its earnings results on Thursday, August 3rd. The utilities provider reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.31. The firm had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $3.19 billion. NRG Energy had a positive return on equity of 12.38% and a negative net margin of 10.67%. The firm’s revenue was up 20.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.61) earnings per share. On average, equities research analysts expect that NRG Energy will post $0.59 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend was Friday, July 28th. NRG Energy’s payout ratio is -2.75%.
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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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