NRG Energy, Inc. (NYSE:NRG) Announces Quarterly Dividend of $0.47

NRG Energy, Inc. (NYSE:NRG) declared a quarterly dividend on Wednesday, July 22nd. Stockholders of record on Monday, August 3rd will be paid a dividend of 0.475 per share by the utilities provider on Monday, August 17th. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Monday, August 3rd.

NRG Energy has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. NRG Energy has a payout ratio of 22.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect NRG Energy to earn $11.31 per share next year, which means the company should continue to be able to cover its $1.90 annual dividend with an expected future payout ratio of 16.8%.

NRG Energy Stock Performance

Shares of NRG stock traded up $8.21 during trading on Wednesday, reaching $139.81. The company had a trading volume of 2,614,644 shares, compared to its average volume of 2,618,981. The firm’s 50 day simple moving average is $135.06 and its two-hundred day simple moving average is $149.18. NRG Energy has a one year low of $120.11 and a one year high of $189.96. The company has a debt-to-equity ratio of 4.68, a current ratio of 0.84 and a quick ratio of 0.78. The company has a market capitalization of $29.50 billion, a PE ratio of 164.48 and a beta of 1.21.

NRG Energy (NYSE:NRG) last announced its earnings results on Wednesday, May 6th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.30). NRG Energy had a return on equity of 70.67% and a net margin of 0.74%.The company had revenue of $10.26 billion for the quarter, compared to the consensus estimate of $8.43 billion. During the same period in the previous year, the company earned $2.68 EPS. The firm’s revenue for the quarter was up 19.5% compared to the same quarter last year. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. Sell-side analysts forecast that NRG Energy will post 8.89 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Siebert Williams Shank assumed coverage on shares of NRG Energy in a report on Monday, July 6th. They set a “buy” rating and a $184.00 price objective for the company. Williams Trading set a $184.00 target price on shares of NRG Energy in a research report on Monday, July 6th. Wells Fargo & Company upped their price target on shares of NRG Energy from $203.00 to $209.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Raymond James Financial set a $210.00 price target on NRG Energy in a research report on Monday, April 27th. Finally, Barclays cut their price objective on NRG Energy from $203.00 to $200.00 and set an “overweight” rating for the company in a research report on Tuesday, March 31st. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $199.93.

About NRG Energy

NRG Energy (NYSE: NRG) is a U.S.-based integrated power company headquartered in Houston, Texas. The company develops, owns and operates a diversified portfolio of power generation assets and participates in wholesale and retail energy markets. NRG supplies electricity to utilities, commercial and industrial customers, and retail consumers, while also providing energy-related products and services designed to manage consumption and support reliability.

NRG’s generation mix includes conventional thermal plants as well as renewable and distributed energy resources.