Brokerages expect that NRG Energy, Inc. (NYSE:NRG) will report earnings of $0.37 per share for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for NRG Energy's earnings. NRG Energy posted earnings per share of $0.54 in the same quarter last year, which suggests a negative year-over-year growth rate of 31.5%. The company is scheduled to report its next earnings results before the market opens on Thursday, February 25th.
According to Zacks, analysts expect that NRG Energy will report full year earnings of $4.83 per share for the current year, with EPS estimates ranging from $4.74 to $4.91. For the next year, analysts expect that the firm will report earnings of $6.67 per share, with EPS estimates ranging from $6.07 to $7.74. Zacks Investment Research's EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for NRG Energy.
NRG has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of NRG Energy from a "sell" rating to a "hold" rating and set a $39.00 target price for the company in a research report on Thursday, January 7th. Morgan Stanley lifted their target price on shares of NRG Energy from $52.00 to $57.00 and gave the company an "overweight" rating in a research report on Friday, February 5th. Citigroup lifted their price target on shares of NRG Energy from $34.00 to $52.00 and gave the stock a "buy" rating in a research note on Thursday, February 4th. Finally, The Goldman Sachs Group assumed coverage on shares of NRG Energy in a research note on Thursday, January 28th. They set a "buy" rating and a $57.00 price target on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company's stock. NRG Energy currently has an average rating of "Buy" and an average price target of $44.61.
Shares of NRG Energy stock opened at $36.90 on Tuesday. NRG Energy has a 1 year low of $19.54 and a 1 year high of $43.54. The firm has a market cap of $9.01 billion, a PE ratio of 2.36 and a beta of 1.00. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.55 and a quick ratio of 1.39. The company has a 50 day simple moving average of $40.81 and a two-hundred day simple moving average of $34.90.
The company also recently announced a quarterly dividend, which was paid on Tuesday, February 16th. Investors of record on Monday, February 1st were paid a $0.325 dividend. This represents a $1.30 annualized dividend and a dividend yield of 3.52%. This is an increase from NRG Energy's previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, January 29th. NRG Energy's payout ratio is presently 32.83%.
In related news, SVP David Callen sold 9,000 shares of NRG Energy stock in a transaction on Tuesday, December 15th. The shares were sold at an average price of $33.40, for a total value of $300,600.00. Following the transaction, the senior vice president now directly owns 35,853 shares of the company's stock, valued at $1,197,490.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.70% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Regent Peak Wealth Advisors LLC purchased a new position in shares of NRG Energy in the fourth quarter worth $28,000. Rocky Mountain Advisers LLC purchased a new position in NRG Energy during the 4th quarter valued at $34,000. Hoover Financial Advisors Inc. purchased a new position in NRG Energy during the 4th quarter valued at $40,000. IFP Advisors Inc increased its position in NRG Energy by 605.3% during the 4th quarter. IFP Advisors Inc now owns 1,460 shares of the utilities provider's stock valued at $50,000 after purchasing an additional 1,253 shares during the period. Finally, Merrion Investment Management Co LLC purchased a new position in NRG Energy during the 4th quarter valued at $67,000. 95.67% of the stock is currently owned by institutional investors.
About NRG Energy
NRG Energy, Inc, together with its subsidiaries, operates as an energy company in the United States. It operates through Generation and Retail segments. The company is involved in the producing, selling, and delivering electricity and related products and services to 3.7 million residential, industrial, and commercial consumers.
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