NRG Energy (NYSE:NRG) released its quarterly earnings results on Thursday. The utilities provider reported $1.88 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.10 by ($0.22), Fidelity Earnings reports. The business had revenue of $3 billion for the quarter, compared to analysts’ expectations of $4.44 billion. NRG Energy had a net margin of 6.20% and a negative return on equity of 45.11%. NRG Energy’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.96 EPS.
Shares of NRG traded down $1.60 during midday trading on Friday, hitting $38.44. The stock had a trading volume of 6,265,501 shares, compared to its average volume of 3,179,144. NRG Energy has a 1 year low of $32.63 and a 1 year high of $43.66. The firm has a market cap of $10.02 billion, a PE ratio of 15.95, a price-to-earnings-growth ratio of 0.27 and a beta of 0.79. The stock’s 50 day moving average is $39.72 and its 200 day moving average is $36.96.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.31%. The ex-dividend date is Thursday, October 31st. NRG Energy’s dividend payout ratio is currently 4.98%.
A number of research firms recently issued reports on NRG. SunTrust Banks upped their price target on shares of NRG Energy from $37.00 to $39.00 and gave the company a “hold” rating in a research note on Tuesday, September 17th. ValuEngine raised shares of NRG Energy from a “strong sell” rating to a “sell” rating in a research note on Monday, November 4th. Zacks Investment Research raised shares of NRG Energy from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research note on Tuesday, August 20th. Citigroup upped their price target on shares of NRG Energy from $45.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Finally, Morgan Stanley upped their price target on shares of NRG Energy from $53.00 to $55.00 and gave the company an “overweight” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $46.43.
About NRG Energy
NRG Energy, Inc, together with its subsidiaries, operates as an energy company in the United States. The company is involved in the producing, selling, and delivering electricity and related products and services to 3.1 million residential, industrial, and commercial consumers. It generates electricity using natural gas, coal, oil, solar, nuclear, wind, fossil fuel, and nuclear sources.
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