NRG Energy (NYSE:NRG) Announces Quarterly Earnings Results

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 has been the topic of several research reports. Citigroup upped their target price on NRG Energy from $45.00 to $46.00 and gave the company a “buy” rating in a report on Friday, October 18th. Zacks Investment Research raised NRG Energy from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a report on Tuesday, August 20th. ValuEngine raised NRG Energy from a “strong sell” rating to a “sell” rating in a report on Monday, November 4th. SunTrust Banks upped their target price on NRG Energy from $37.00 to $39.00 and gave the company a “hold” rating in a report on Tuesday, September 17th. Finally, Morgan Stanley upped their target price on NRG Energy from $53.00 to $55.00 and gave the company an “overweight” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $46.43.

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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Earnings History for NRG Energy (NYSE:NRG)

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