NRG Energy (NRG) Set to Announce Quarterly Earnings on Tuesday

NRG Energy (NYSE:NRG) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.88 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

NRG Energy (NYSE:NRG) last announced its earnings results on Wednesday, February 28th. The utilities provider reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.20. NRG Energy had a positive return on equity of 44.03% and a negative net margin of 0.70%. The firm had revenue of $6.81 billion during the quarter, compared to analyst estimates of $7.51 billion. On average, analysts expect NRG Energy to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

NRG Energy Trading Up 2.0 %

Shares of NRG Energy stock opened at $76.65 on Monday. NRG Energy has a 1 year low of $30.52 and a 1 year high of $77.68. The firm has a market cap of $16.46 billion, a PE ratio of -71.64 and a beta of 1.11. The stock has a fifty day moving average price of $67.43 and a 200-day moving average price of $55.43. The company has a debt-to-equity ratio of 4.49, a current ratio of 1.02 and a quick ratio of 0.96.

NRG Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a dividend of $0.4075 per share. This represents a $1.63 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Tuesday, April 30th. NRG Energy’s dividend payout ratio is presently -152.34%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on NRG shares. Morgan Stanley raised their target price on NRG Energy from $51.00 to $63.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 26th. Citigroup increased their price target on NRG Energy from $52.00 to $62.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. StockNews.com upgraded NRG Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, March 6th. BMO Capital Markets increased their price target on NRG Energy from $58.00 to $59.00 and gave the stock a “market perform” rating in a research note on Thursday, February 29th. Finally, Wells Fargo & Company increased their price target on NRG Energy from $78.00 to $85.00 and gave the stock an “overweight” rating in a research note on Monday, March 25th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, NRG Energy has an average rating of “Hold” and an average target price of $59.50.

Insiders Place Their Bets

In other NRG Energy news, VP Rasesh M. Patel sold 49,092 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $62.59, for a total value of $3,072,668.28. Following the completion of the transaction, the vice president now owns 356,962 shares in the company, valued at approximately $22,342,251.58. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.86% of the stock is owned by corporate insiders.

About NRG Energy

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.