NRG Energy (NRG) Scheduled to Post Earnings on Thursday

NRG Energy (NYSE:NRG) is scheduled to release its earnings data before the market opens on Thursday, August 8th. Analysts expect NRG Energy to post earnings of $1.38 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

NRG Energy (NYSE:NRG) last posted its earnings results on Tuesday, May 7th. The utilities provider reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.12). NRG Energy had a return on equity of 42.60% and a net margin of 5.76%. The business had revenue of $7.43 billion during the quarter. On average, analysts expect NRG Energy to post $4 EPS for the current fiscal year and $6 EPS for the next fiscal year.

NRG Energy Stock Performance

NRG Energy stock opened at $71.21 on Wednesday. The company’s 50-day moving average price is $77.66 and its 200-day moving average price is $70.16. NRG Energy has a twelve month low of $35.97 and a twelve month high of $87.58. The company has a quick ratio of 0.95, a current ratio of 1.01 and a debt-to-equity ratio of 3.61. The company has a market cap of $14.85 billion, a PE ratio of 10.09 and a beta of 1.08.

NRG Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be issued a $0.4075 dividend. The ex-dividend date is Thursday, August 1st. This represents a $1.63 dividend on an annualized basis and a dividend yield of 2.29%. NRG Energy’s dividend payout ratio (DPR) is presently 23.09%.

Insider Transactions at NRG Energy

In other news, insider Rasesh M. Patel sold 24,546 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $83.41, for a total value of $2,047,381.86. Following the completion of the sale, the insider now owns 266,064 shares of the company’s stock, valued at approximately $22,192,398.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.86% of the company’s stock.

Wall Street Analysts Forecast Growth

NRG has been the subject of a number of recent analyst reports. Morgan Stanley lifted their price target on shares of NRG Energy from $70.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 28th. BMO Capital Markets lifted their price target on shares of NRG Energy from $73.00 to $82.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 8th. Finally, Wells Fargo & Company lifted their price target on shares of NRG Energy from $100.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 15th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $71.14.

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.