NRG Energy, Inc. (NYSE:NRG) Shares Set to Pay Quarterly Dividend of $0.47

NRG Energy, Inc. (NYSE:NRG) announced a quarterly dividend on Monday, October 19th. Investors of record on Monday, November 2nd will be paid a dividend of $0.4750 per share by the utilities provider on Monday, November 16th. This represents a $1.90 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Monday, November 2nd.

NRG Energy has raised its dividend by an average of 0.1% annually over the last three years and has raised its dividend annually for the last 1 consecutive years. NRG Energy has a payout ratio of 22.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect NRG Energy to earn $11.30 per share next year, which means the company should continue to be able to cover its $1.90 annual dividend with an expected future payout ratio of 16.8%.

NRG Energy Stock Performance

Shares of NYSE:NRG traded down $4.58 during midday trading on Monday, hitting $99.17. The company had a trading volume of 3,256,970 shares, compared to its average volume of 2,752,546. The company has a debt-to-equity ratio of 5.17, a current ratio of 0.97 and a quick ratio of 0.89. The company has a market cap of $20.92 billion, a price-to-earnings ratio of 26.24 and a beta of 1.17. NRG Energy has a 12-month low of $93.36 and a 12-month high of $189.96. The company has a fifty day moving average of $109.25 and a two-hundred day moving average of $129.59.

NRG Energy (NYSE:NRG) last announced its earnings results on Tuesday, August 4th. The utilities provider reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.20). The company had revenue of $7.48 billion during the quarter, compared to the consensus estimate of $7.31 billion. NRG Energy had a return on equity of 52.95% and a net margin of 2.56%. NRG Energy’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.73 earnings per share. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. On average, equities research analysts expect that NRG Energy will post 8.61 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. UBS Group reduced their price target on NRG Energy from $221.00 to $216.00 and set a “buy” rating for the company in a research report on Tuesday, July 28th. Wells Fargo & Company lifted their price objective on NRG Energy from $203.00 to $209.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Siebert Williams Shank started coverage on NRG Energy in a research report on Monday, July 6th. They set a “buy” rating and a $184.00 price objective on the stock. Morgan Stanley dropped their price target on shares of NRG Energy from $162.00 to $159.00 and set an “equal weight” rating for the company in a research report on Friday, September 18th. Finally, Seaport Research Partners set a $160.00 price objective on shares of NRG Energy in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, NRG Energy presently has an average rating of “Moderate Buy” and a consensus target price of $194.64.

NRG Energy Company Profile

NRG Energy, Inc is an integrated power and home services company headquartered in Houston, Texas. The company produces and sells electricity through a diverse generation portfolio that includes natural gas, coal, nuclear power, renewable energy and battery storage. NRG serves wholesale and retail energy markets, with operations and customers primarily in the United States and Canada.

Through retail brands including Reliant and Direct Energy, NRG provides electricity, natural gas and related energy products to residential, commercial and industrial customers.