NRG Energy (NYSE:NRG) posted its earnings results on Thursday. The utilities provider reported $1.88 earnings per share 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 analyst estimates 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 for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the company posted $0.96 EPS.
Shares of NRG traded down $1.60 during trading hours on Friday, reaching $38.44. 6,265,501 shares of the company traded hands, compared to its average volume of 3,179,144. The stock has a market capitalization of $10.02 billion, a PE ratio of 15.95, a price-to-earnings-growth ratio of 0.27 and a beta of 0.79. NRG Energy has a fifty-two week low of $32.63 and a fifty-two week high of $43.66. The stock has a fifty day simple moving average of $39.72 and a 200 day simple moving average of $36.96.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date of this dividend is Thursday, October 31st. NRG Energy’s payout ratio is currently 4.98%.
NRG Energy Company Profile
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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