NRG Energy (NRG) Scheduled to Post Quarterly Earnings on Tuesday

NRG Energy (NYSE:NRG) will announce its earnings results before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.88 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

NRG Energy (NYSE:NRG) last released its earnings results on Wednesday, February 28th. The utilities provider reported $1.14 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations 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 Stock Up 2.0 %

Shares of NYSE:NRG opened at $76.65 on Friday. NRG Energy has a 52-week low of $30.52 and a 52-week high of $77.68. The stock has a market cap of $16.46 billion, a P/E ratio of -71.63 and a beta of 1.11. The business’s 50 day moving average is $67.43 and its 200 day moving average is $55.34. The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 4.49.

NRG Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be paid a $0.4075 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $1.63 annualized dividend and a yield of 2.13%. NRG Energy’s dividend payout ratio (DPR) is currently -152.34%.

Analysts Set New Price Targets

Several brokerages recently issued reports on NRG. Citigroup increased their price objective 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 raised NRG Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, March 6th. BMO Capital Markets upped their target price on NRG Energy from $58.00 to $59.00 and gave the stock a “market perform” rating in a report on Thursday, February 29th. Morgan Stanley upped 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. Finally, Evercore ISI upped their target price on NRG Energy from $55.00 to $65.00 and gave the stock an “in-line” rating in a report on Monday, March 18th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, NRG Energy has an average rating of “Hold” and a consensus price target of $59.50.

Insider Activity

In related news, VP Rasesh M. Patel sold 49,092 shares of the firm’s stock in a transaction on 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.86% of the company’s stock.

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.