NRG Energy, Inc. (NYSE:NRG - Get Free Report) was the recipient of some unusual options trading activity on Monday. Stock traders purchased 6,778 call options on the company. This is an increase of approximately 134% compared to the typical daily volume of 2,899 call options.
NRG Energy Price Performance
NRG traded up $1.21 during trading on Thursday, hitting $155.02. The company's stock had a trading volume of 4,023,758 shares, compared to its average volume of 3,016,035. The firm's 50 day moving average price is $103.10 and its two-hundred day moving average price is $100.03. The stock has a market capitalization of $31.57 billion, a price-to-earnings ratio of 38.95, a price-to-earnings-growth ratio of 1.01 and a beta of 1.00. NRG Energy has a 12 month low of $65.11 and a 12 month high of $158.66. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57.
NRG Energy (NYSE:NRG - Get Free Report) last released its earnings results on Monday, May 12th. The utilities provider reported $2.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $1.90. NRG Energy had a return on equity of 48.96% and a net margin of 3.43%. The business had revenue of $8.59 billion for the quarter, compared to analyst estimates of $8.28 billion. During the same quarter in the prior year, the company posted $2.31 earnings per share. NRG Energy's revenue was up 15.6% on a year-over-year basis. Sell-side analysts forecast that NRG Energy will post 6.36 earnings per share for the current fiscal year.
NRG Energy Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be paid a dividend of $0.44 per share. The ex-dividend date is Thursday, May 1st. This represents a $1.76 dividend on an annualized basis and a yield of 1.14%. NRG Energy's dividend payout ratio (DPR) is currently 28.39%.
Analysts Set New Price Targets
Several brokerages recently issued reports on NRG. The Goldman Sachs Group began coverage on shares of NRG Energy in a report on Friday, April 4th. They issued a "buy" rating and a $129.00 price objective on the stock. Wells Fargo & Company upped their price target on NRG Energy from $165.00 to $200.00 and gave the stock an "overweight" rating in a research note on Tuesday. StockNews.com cut NRG Energy from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. Evercore ISI raised NRG Energy from an "in-line" rating to an "outperform" rating and raised their price target for the stock from $74.00 to $126.00 in a research note on Tuesday, January 21st. Finally, Morgan Stanley raised their target price on NRG Energy from $86.00 to $99.00 and gave the company an "equal weight" rating in a report on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $140.75.
Check Out Our Latest Stock Report on NRG Energy
Hedge Funds Weigh In On NRG Energy
Hedge funds and other institutional investors have recently modified their holdings of the business. Horizon Investments LLC raised its position in shares of NRG Energy by 3.0% during the 1st quarter. Horizon Investments LLC now owns 2,908 shares of the utilities provider's stock valued at $276,000 after buying an additional 86 shares in the last quarter. Mather Group LLC. lifted its stake in NRG Energy by 12.1% in the 1st quarter. Mather Group LLC. now owns 900 shares of the utilities provider's stock valued at $86,000 after buying an additional 97 shares in the last quarter. Cullen Frost Bankers Inc. lifted its stake in NRG Energy by 13.0% in the 1st quarter. Cullen Frost Bankers Inc. now owns 904 shares of the utilities provider's stock worth $86,000 after purchasing an additional 104 shares in the last quarter. Private Trust Co. NA lifted its stake in NRG Energy by 8.7% in the 1st quarter. Private Trust Co. NA now owns 1,482 shares of the utilities provider's stock worth $141,000 after purchasing an additional 119 shares in the last quarter. Finally, Schechter Investment Advisors LLC lifted its stake in NRG Energy by 0.8% in the 4th quarter. Schechter Investment Advisors LLC now owns 15,916 shares of the utilities provider's stock worth $1,436,000 after purchasing an additional 120 shares in the last quarter. Hedge funds and other institutional investors own 97.72% of the company's stock.
NRG Energy Company Profile
(
Get Free Report)
NRG Energy, Inc, together with its subsidiaries, operates as an energy and home services company in the United States and Canada. It operates through Texas; East; West/Services/Other; Vivint Smart Home; and Corporate Activities segments. The company produces and sells electricity generated using coal, oil, solar, and battery storage; natural gas; and a cloud-based home platform, including hardware, software, sales, installation, customer service, technical support, and professional monitoring solutions.
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