NRG Energy Inc (NYSE:NRG) declared a quarterly dividend on Wednesday, October 17th, RTT News reports. Investors of record on Thursday, November 1st will be given a dividend of 0.03 per share by the utilities provider on Thursday, November 15th. This represents a $0.12 dividend on an annualized basis and a yield of 0.32%.
NRG Energy has decreased its dividend by an average of 39.4% annually over the last three years. NRG Energy has a payout ratio of 3.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect NRG Energy to earn $3.95 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 3.0%.
NRG Energy stock opened at $37.52 on Thursday. The firm has a market capitalization of $11.35 billion, a P/E ratio of 34.42 and a beta of 1.05. NRG Energy has a 1-year low of $23.75 and a 1-year high of $38.25. The company has a quick ratio of 1.17, a current ratio of 1.30 and a debt-to-equity ratio of 7.16.
NRG Energy (NYSE:NRG) last released its earnings results on Thursday, August 2nd. The utilities provider reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.55). The business had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.72 billion. NRG Energy had a negative net margin of 9.30% and a positive return on equity of 29.44%. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period last year, the business posted $0.36 EPS. On average, research analysts anticipate that NRG Energy will post 3.84 earnings per share for the current year.
In other news, EVP Elizabeth R. Killinger sold 24,600 shares of NRG Energy stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $35.84, for a total value of $881,664.00. Following the completion of the transaction, the executive vice president now owns 106,125 shares of the company’s stock, valued at approximately $3,803,520. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Christopher Moser sold 15,200 shares of NRG Energy stock in a transaction dated Thursday, September 6th. The shares were sold at an average price of $35.14, for a total transaction of $534,128.00. Following the completion of the transaction, the executive vice president now directly owns 115,650 shares of the company’s stock, valued at approximately $4,063,941. The disclosure for this sale can be found here. In the last three months, insiders sold 92,975 shares of company stock valued at $3,265,286. Insiders own 0.38% of the company’s stock.
A number of research analysts have recently commented on the stock. Zacks Investment Research downgraded shares of NRG Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, October 9th. ValuEngine raised shares of NRG Energy from a “hold” rating to a “buy” rating in a research report on Saturday, October 6th. Bank of America lifted their price objective on shares of NRG Energy from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, September 27th. Macquarie lifted their price objective on shares of NRG Energy from $40.00 to $41.00 and gave the company an “outperform” rating in a research report on Thursday, September 20th. Finally, Citigroup raised shares of NRG Energy from a “neutral” rating to a “buy” rating and set a $38.00 price objective for the company in a research report on Monday, August 6th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. NRG Energy has an average rating of “Buy” and a consensus price target of $37.00.
About NRG Energy
NRG Energy, Inc, together with its subsidiaries, operates as an integrated power company in the United States. The company is involved in the generation of electricity using fossil fuel and nuclear sources. The company provides electricity to 2.9 million residential, commercial, and industrial consumers; system power, distributed generation, solar and wind products, backup generation, storage and distributed solar, demand response, energy efficiency, and on-site energy solutions; and carbon management and specialty services.
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