NRG Energy (NYSE:NRG) Releases Quarterly Earnings Results, Beats Estimates By $1.33 EPS

NRG Energy (NYSE:NRG) announced its earnings results on Monday. The utilities provider reported $4.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.35 by $1.33, FiscalAI reports. The firm had revenue of $9.47 billion for the quarter, compared to analyst estimates of $8.42 billion. NRG Energy had a net margin of 2.56% and a return on equity of 52.95%.

NRG Energy Stock Performance

NYSE NRG opened at $88.38 on Monday. The firm has a market capitalization of $18.65 billion, a P/E ratio of 23.38 and a beta of 1.22. NRG Energy has a 1-year low of $79.65 and a 1-year high of $189.96. The company has a debt-to-equity ratio of 5.17, a current ratio of 0.97 and a quick ratio of 0.89. The business’s 50-day simple moving average is $102.00 and its 200-day simple moving average is $133.71.

NRG Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Monday, November 2nd will be issued a $0.4750 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Monday, November 2nd. NRG Energy’s dividend payout ratio (DPR) is 50.26%.

Analyst Ratings Changes

NRG has been the topic of a number of recent analyst reports. Wells Fargo & Company reduced their price target on NRG Energy from $209.00 to $182.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 28th. HSBC started coverage on NRG Energy in a research note on Thursday, October 22nd. They issued a “buy” rating and a $179.00 target price for the company. Zacks Research upgraded NRG Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 27th. Scotiabank reduced their target price on NRG Energy from $162.00 to $149.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, October 28th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $214.00 price target on shares of NRG Energy in a research note on Thursday, August 6th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, NRG Energy presently has an average rating of “Moderate Buy” and a consensus target price of $173.56.

Insider Transactions at NRG Energy

In related news, CAO Gerald Alfred Spencer sold 1,580 shares of the stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $120.93, for a total transaction of $191,069.40. Following the completion of the sale, the chief accounting officer owned 6,213 shares of the company’s stock, valued at approximately $751,338.09. This represents a 20.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.43% of the company’s stock.

NRG Energy Company Profile

NRG Energy, Inc is an integrated energy company that produces and sells electricity and natural gas and provides home services. Its businesses serve residential, commercial and industrial customers, primarily in the United States and Canada.

The company supplies retail electricity and natural gas through a range of plans and brands, while its power-generation operations help support electricity markets across its service areas. NRG also offers energy-management programs and related services for businesses and other large customers.

NRG expanded into smart-home services with its 2023 acquisition of Vivint Smart Home.