NRG Energy, Inc. (NYSE:NRG) to Issue Quarterly Dividend of $0.41

NRG Energy, Inc. (NYSE:NRGGet Free Report) announced a quarterly dividend on Friday, October 11th, RTT News reports. Investors of record on Friday, November 1st will be paid a dividend of 0.4075 per share by the utilities provider on Friday, November 15th. This represents a $1.63 annualized dividend and a dividend yield of 1.84%. The ex-dividend date is Friday, November 1st.

NRG Energy has increased its dividend payment by an average of 8.0% annually over the last three years. NRG Energy has a payout ratio of 24.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect NRG Energy to earn $6.46 per share next year, which means the company should continue to be able to cover its $1.63 annual dividend with an expected future payout ratio of 25.2%.

NRG Energy Stock Performance

Shares of NRG Energy stock opened at $88.45 on Thursday. The company’s 50 day moving average price is $86.00 and its two-hundred day moving average price is $80.79. The firm has a market capitalization of $18.25 billion, a P/E ratio of 9.64 and a beta of 1.10. The company has a debt-to-equity ratio of 3.51, a current ratio of 1.18 and a quick ratio of 1.11. NRG Energy has a fifty-two week low of $41.57 and a fifty-two week high of $96.40.

NRG Energy (NYSE:NRGGet Free Report) last issued its quarterly earnings data on Thursday, August 8th. The utilities provider reported $3.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $1.82. The business had revenue of $6.66 billion for the quarter, compared to analyst estimates of $8.32 billion. NRG Energy had a return on equity of 43.69% and a net margin of 7.19%. NRG Energy’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.10 EPS. On average, equities analysts forecast that NRG Energy will post 6.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on NRG shares. Wells Fargo & Company lifted their price objective on NRG Energy from $120.00 to $130.00 and gave the stock an “overweight” rating in a research note on Wednesday. Jefferies Financial Group began coverage on shares of NRG Energy in a research report on Friday, September 13th. They set a “hold” rating and a $82.00 target price for the company. BMO Capital Markets raised their price objective on NRG Energy from $90.00 to $94.00 and gave the company a “market perform” rating in a research note on Tuesday. Guggenheim boosted their price objective on NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Finally, StockNews.com downgraded shares of NRG Energy from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, NRG Energy presently has an average rating of “Hold” and an average target price of $85.00.

View Our Latest Analysis on NRG Energy

Insider Activity at NRG Energy

In other NRG Energy news, insider Rasesh M. Patel sold 102,603 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $80.35, for a total value of $8,244,151.05. Following the sale, the insider now owns 163,680 shares of the company’s stock, valued at $13,151,688. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.61% of the stock is owned by corporate insiders.

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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Dividend History for NRG Energy (NYSE:NRG)

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