NRG Energy (NRG) to Release Quarterly Earnings on Friday

NRG Energy (NYSE:NRG) is scheduled to issue its quarterly earnings data before the market opens on Friday, November 8th. Analysts expect the company to announce earnings of $1.71 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

NRG Energy (NYSE:NRG) last announced its quarterly earnings results 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 firm had revenue of $6.66 billion for the quarter, compared to the consensus estimate of $8.32 billion. NRG Energy had a return on equity of 43.69% and a net margin of 7.19%. The business’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.10 earnings per share. On average, analysts expect NRG Energy to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

NRG Energy Price Performance

Shares of NYSE NRG opened at $90.40 on Friday. The business’s 50 day moving average price is $86.17 and its two-hundred day moving average price is $80.86. The company has a market cap of $18.66 billion, a PE ratio of 9.85 and a beta of 1.10. The company has a quick ratio of 1.11, a current ratio of 1.18 and a debt-to-equity ratio of 3.51. NRG Energy has a twelve month low of $41.57 and a twelve month high of $96.40.

NRG Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a dividend of $0.4075 per share. This represents a $1.63 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date is Friday, November 1st. NRG Energy’s dividend payout ratio (DPR) is presently 17.76%.

Insider Buying and Selling

In other NRG Energy news, insider Rasesh M. Patel sold 102,603 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $80.35, for a total transaction of $8,244,151.05. Following the completion of the sale, the insider now directly owns 163,680 shares in the company, valued at $13,151,688. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.61% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

NRG has been the topic of a number of recent analyst reports. StockNews.com downgraded NRG Energy from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Jefferies Financial Group began coverage on NRG Energy in a research report on Friday, September 13th. They issued a “hold” rating and a $82.00 target price on the stock. Citigroup upped their target price on NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday. Wells Fargo & Company upped their target price on NRG Energy from $120.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, BMO Capital Markets upped their target price on NRG Energy from $90.00 to $94.00 and gave the company a “market perform” rating in a research report on Tuesday. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $89.75.

About NRG Energy

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.