NRG Energy, Inc. (NRG) to Issue $0.03 Quarterly Dividend
NRG Energy, Inc. (NYSE:NRG) declared a quarterly dividend on Thursday, July 20th, RTT News reports. Investors of record on Tuesday, August 1st will be paid a dividend of 0.03 per share by the utilities provider on Tuesday, August 15th. This represents a $0.12 dividend on an annualized basis and a yield of 0.50%.
NRG Energy has decreased its dividend by an average of 19.5% annually over the last three years. NRG Energy has a dividend payout ratio of 17.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect NRG Energy to earn $1.33 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 9.0%.
NRG Energy (NYSE NRG) opened at 24.14 on Friday. NRG Energy has a one year low of $9.84 and a one year high of $24.23. The company’s 50-day moving average price is $18.05 and its 200-day moving average price is $16.99. The stock’s market cap is $7.63 billion.
NRG Energy (NYSE:NRG) last announced its quarterly earnings results on Tuesday, May 2nd. The utilities provider reported ($0.52) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.41) by $0.11. NRG Energy had a negative net margin of 7.81% and a positive return on equity of 7.01%. The business had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $3.29 billion. Analysts forecast that NRG Energy will post $0.60 EPS for the current fiscal year.
A number of analysts recently weighed in on NRG shares. Zacks Investment Research raised shares of NRG Energy from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Wednesday, April 12th. Deutsche Bank AG reduced their price objective on shares of NRG Energy from $29.00 to $26.00 and set a “buy” rating on the stock in a research report on Tuesday, April 11th. Goldman Sachs Group, Inc. (The) raised shares of NRG Energy from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $13.00 to $26.00 in a research report on Wednesday, March 29th. BidaskClub raised shares of NRG Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Finally, ValuEngine lowered shares of NRG Energy from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. NRG Energy currently has a consensus rating of “Buy” and an average price target of $21.13.
NRG Energy Company Profile
NRG Energy, Inc (NRG) is an integrated power company. The Company is engaged in producing, selling and delivering electricity and related products and services in various markets in the United States. The Company’s segments include Generation, Retail, Renewables, NRG Yield, Inc (NRG Yield) and Corporate activities.
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