Stock traders buy large volume of call options on NRG Energy (NYSE: NRG)
NRG Energy, Inc. (NYSE: NRG) saw unusual options trading on Monday. Stock traders acquired 21,978 call options on the company. This is an increase of 831% over the typical daily volume of 2,361 call options.
In addition, Vice President Christopher Moser acquired 1,911 shares of the company in a transaction on Monday, November 22. The shares were purchased at an average cost of $ 36.63 per share, for a total value of $ 69,999.93. The acquisition has been disclosed in a legal file with the Securities & Exchange Commission, which is available at this link. 0.83% of the shares are currently owned by insiders.
Large investors have recently bought and sold shares in the company. Van ECK Associates Corp acquired a new position in NRG Energy during the 2nd quarter valued at $ 26,000. First Horizon Advisors Inc. increased its position in shares of NRG Energy by 112.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 663 shares of the utility provider valued at $ 83,000 after acquiring 351 additional shares in the last quarter. Larson Financial Group LLC purchased a new stake in NRG Energy shares during the 3rd quarter valued at $ 28,000. Hexagon Capital Partners LLC increased its position in NRG Energy shares by 68.2% during the 2nd quarter. Hexagon Capital Partners LLC now owns 720 shares of the utility provider valued at $ 29,000 after acquiring 292 more shares in the last quarter. Finally, Koshinski Asset Management Inc. purchased a new equity stake in NRG Energy during the 3rd quarter for a value of $ 32,000. 97.91% of the shares are currently held by hedge funds and other institutional investors.
NRG shares traded down $ 0.25 on Monday, reaching $ 42.83. The company’s shares had a trading volume of 126,697 shares, compared to its average volume of 2,793,587. The company has a market capitalization of $ 10.49 billion, a PE ratio of 4.29, a ratio of PEG of 0.17 and a beta of 0.89. The company has a debt to equity ratio of 1.95, a current ratio of 1.21, and a rapid ratio of 1.18. NRG Energy has a 52-week low of $ 31.94 and a 52-week high of $ 46.10. The company has a 50-day moving average price of $ 38.70 and a 200-day moving average price of $ 40.75.
NRG Energy (NYSE: NRG) last reported its results on Thursday, November 4. The utility provider reported EPS of $ 6.60 for the quarter, beating the consensus estimate of $ 2.08 by $ 4.52. The company posted revenue of $ 6.61 billion for the quarter, compared to a consensus estimate of $ 3.85 billion. NRG Energy recorded a return on equity of 80.94% and a net margin of 11.11%. NRG Energy’s revenues increased 135.3% compared to the same quarter last year. During the same period of the previous year, the company made EPS of $ 1.02. On average, stock analysts predict that NRG Energy will post 5.73 EPS for the current year.
NRG Energy said its board of directors launched a share buyback program on Monday, December 6 that allows the company to repurchase $ 1.00 billion of outstanding shares. This buyback authorization allows the utility provider to buy up to 10.7% of its shares through open market purchases. Share buyback programs often indicate that the board of directors of the company feels that its shares are undervalued.
The company also recently disclosed a quarterly dividend, which was paid on Monday, November 15. Shareholders of record on Monday, November 1 received a dividend of $ 0.325 per share. This represents an annualized dividend of $ 1.30 and a return of 3.04%. The ex-dividend date of this dividend was Friday October 29. NRG Energy’s dividend payout ratio is 13.04%.
NRG Energy Company Profile
NRG Energy, Inc. engages in the production, sale and distribution of energy and energy services. It operates through the following segments: production, retail and enterprise. The Generation segment includes all activities of power plants, national and international, as well as renewable energies. The Retail segment includes mass customers and business solutions, as well as other distributed and reliable products.
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