NRG Energy (NRG) Projected to Post Earnings on Wednesday

NRG Energy (NYSE:NRG) is expected to release its earnings data before the market opens on Wednesday, February 26th. Analysts expect NRG Energy to post earnings of $1.04 per share and revenue of $7.82 billion for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

NRG Energy Stock Performance

Shares of NRG opened at $112.16 on Wednesday. The company’s fifty day moving average is $99.71 and its 200-day moving average is $92.07. NRG Energy has a 12 month low of $51.42 and a 12 month high of $115.38. The firm has a market cap of $22.72 billion, a price-to-earnings ratio of 28.18, a price-to-earnings-growth ratio of 1.22 and a beta of 1.15. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57.

NRG Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.44 per share. This is a positive change from NRG Energy’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.76 annualized dividend and a dividend yield of 1.57%. NRG Energy’s dividend payout ratio is 44.22%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NRG. Wells Fargo & Company increased their price target on shares of NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Jefferies Financial Group upgraded shares of NRG Energy from a “hold” rating to a “buy” rating and raised their target price for the company from $93.00 to $113.00 in a research note on Tuesday, November 26th. Citigroup raised their target price 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. BMO Capital Markets raised their target price on shares of NRG Energy from $94.00 to $100.00 and gave the company a “market perform” rating in a research note on Tuesday, November 19th. Finally, Evercore ISI upgraded shares of NRG Energy from an “in-line” rating to an “outperform” rating and raised their target price for the company from $74.00 to $126.00 in a research note on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $111.43.

Insiders Place Their Bets

In other NRG Energy news, CFO Bruce Chung sold 20,000 shares of the firm’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $97.63, for a total value of $1,952,600.00. Following the sale, the chief financial officer now directly owns 69,454 shares in the company, valued at $6,780,794.02. This trade represents a 22.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Robert J. Gaudette sold 60,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $91.41, for a total transaction of $5,484,600.00. Following the completion of the sale, the vice president now owns 64,448 shares in the company, valued at $5,891,191.68. This represents a 48.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.86% of the company’s stock.

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.