NRG Energy (NRG) Set to Announce Earnings on Tuesday

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

NRG Energy (NYSE:NRG) last issued its earnings results on Wednesday, February 28th. The utilities provider reported $1.14 EPS for the quarter, beating the consensus estimate of $0.94 by $0.20. The firm had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $7.51 billion. NRG Energy had a negative net margin of 0.70% and a positive return on equity of 44.03%. 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 NYSE NRG opened at $76.65 on Monday. NRG Energy has a twelve month low of $30.52 and a twelve month high of $77.68. The stock has a market cap of $16.46 billion, a price-to-earnings ratio of -71.64 and a beta of 1.11. The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 4.49. The company’s fifty day moving average is $67.43 and its 200-day moving average is $55.43.

NRG Energy Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on NRG shares. BMO Capital Markets raised their price target on NRG Energy from $58.00 to $59.00 and gave the stock a “market perform” rating in a research report on Thursday, February 29th. Wells Fargo & Company lifted their price target on shares of NRG Energy from $78.00 to $85.00 and gave the company an “overweight” rating in a research note on Monday, March 25th. Citigroup increased their price objective on shares of NRG Energy from $52.00 to $62.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Evercore ISI boosted their price objective on shares of NRG Energy from $55.00 to $65.00 and gave the company an “in-line” rating in a research report on Monday, March 18th. Finally, Morgan Stanley increased their target price on NRG Energy from $51.00 to $63.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 26th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $59.50.

Insider Activity

In other news, VP Rasesh M. Patel sold 49,092 shares of NRG Energy stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $62.59, for a total value of $3,072,668.28. Following the sale, the vice president now directly owns 356,962 shares in the company, valued at $22,342,251.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.86% of the stock is owned by corporate insiders.

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.