NRG Energy (NRG) Scheduled to Post Earnings on Tuesday

NRG Energy (NYSE:NRG) will release 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. Investors that wish to listen to 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.20. The business had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $7.51 billion. NRG Energy had a positive return on equity of 44.03% and a negative net margin of 0.70%. 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 1.6 %

NRG stock opened at $73.97 on Tuesday. The stock has a fifty day moving average of $65.61 and a 200-day moving average of $54.60. NRG Energy has a fifty-two week low of $30.52 and a fifty-two week high of $76.54. The company has a market capitalization of $15.88 billion, a price-to-earnings ratio of -69.13 and a beta of 1.13. The company has a debt-to-equity ratio of 4.49, a quick ratio of 0.96 and a current ratio of 1.02.

NRG Energy Dividend Announcement

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 dividend on an annualized basis and a yield of 2.20%. NRG Energy’s payout ratio is -152.34%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on NRG. Wells Fargo & Company boosted their price objective on NRG Energy from $78.00 to $85.00 and gave the company an “overweight” rating in a research note on Monday, March 25th. BMO Capital Markets increased their price target on shares of 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 raised their price objective on shares of NRG Energy from $51.00 to $63.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 26th. StockNews.com raised shares of NRG Energy from a “sell” rating to a “hold” rating in a report on Wednesday, March 6th. Finally, Citigroup raised their price target on shares of NRG Energy from $52.00 to $62.00 and gave the company a “buy” rating in a report on Friday, March 1st. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $59.50.

Insider Buying and Selling at NRG Energy

In other news, VP Rasesh M. Patel sold 49,092 shares of the company’s stock in a transaction dated 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 directly owns 356,962 shares in the company, valued at approximately $22,342,251.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.61% of the company’s stock.

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.