NRG Energy (NRG) Scheduled to Post Earnings on Friday

NRG Energy (NYSE:NRG) will be announcing its earnings results before the market opens on Friday, November 8th. Analysts expect the company to announce earnings of $1.71 per share for the quarter. Investors that wish to register for 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 (EPS) for the quarter, beating the consensus estimate of $1.55 by $1.82. The company had revenue of $6.66 billion during the quarter, compared to analyst estimates of $8.32 billion. NRG Energy had a net margin of 7.19% and a return on equity of 43.69%. The firm’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.10 EPS. On average, analysts expect NRG Energy to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

NRG Energy Stock Performance

Shares of NRG Energy stock opened at $92.39 on Thursday. NRG Energy has a 12 month low of $44.90 and a 12 month high of $96.40. The company has a current ratio of 1.18, a quick ratio of 1.11 and a debt-to-equity ratio of 3.51. The company has a market capitalization of $19.07 billion, a PE ratio of 10.06, a PEG ratio of 1.30 and a beta of 1.10. The stock’s fifty day simple moving average is $86.48 and its 200 day simple moving average is $81.32.

NRG Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders 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 dividend yield of 1.76%. The ex-dividend date of this dividend is Friday, November 1st. NRG Energy’s dividend payout ratio is currently 17.76%.

Insider Activity at NRG Energy

In other news, insider Rasesh M. Patel sold 102,603 shares of NRG Energy stock in a transaction on Friday, September 13th. The shares were sold at an average price of $80.35, for a total transaction of $8,244,151.05. Following the transaction, the insider now owns 163,680 shares in the company, valued at approximately $13,151,688. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.86% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on NRG shares. BMO Capital Markets increased their target price on NRG Energy from $90.00 to $94.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 29th. Wells Fargo & Company increased their price objective on shares of NRG Energy from $120.00 to $130.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. StockNews.com cut shares of NRG Energy from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Citigroup lifted their price target on shares of NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, Jefferies Financial Group began coverage on shares of NRG Energy in a report on Friday, September 13th. They set a “hold” rating and a $82.00 target price on the stock. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $96.00.

NRG Energy Company Profile

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.