NRG Energy (NYSE:NRG) issued its quarterly earnings results on Thursday. The utilities provider reported $1.88 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.10 by ($0.22), Fidelity Earnings reports. The firm had revenue of $3 billion during 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%. The firm’s revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.96 EPS.
NRG Energy stock traded down $1.60 during trading hours on Friday, hitting $38.44. The company had a trading volume of 6,265,501 shares, compared to its average volume of 3,179,144. The firm has a market capitalization of $10.02 billion, a P/E ratio of 15.95, a price-to-earnings-growth ratio of 0.27 and a beta of 0.79. The firm’s fifty day moving average is $39.72 and its 200-day moving average is $36.96. NRG Energy has a fifty-two week low of $32.63 and a fifty-two week high of $43.66.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be paid a $0.03 dividend. The ex-dividend date is Thursday, October 31st. This represents a $0.12 annualized dividend and a yield of 0.31%. NRG Energy’s dividend payout ratio is presently 4.98%.
NRG has been the subject of several research analyst reports. 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 report on Friday, October 18th. ValuEngine upgraded shares of NRG Energy from a “strong sell” rating to a “sell” rating in a research report on Monday, November 4th. Zacks Investment Research upgraded shares of NRG Energy from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research report on Tuesday, August 20th. 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 report on Tuesday, September 17th. Finally, Morgan Stanley upped their price objective 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 research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently 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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