NRG Energy Inc. (NRG) to Issue Quarterly Dividend of $0.03
NRG Energy Inc. (NYSE:NRG) declared a quarterly dividend on Wednesday, October 19th. Investors of record on Tuesday, November 1st will be paid a dividend of 0.03 per share on Tuesday, November 15th. This represents a $0.12 annualized dividend and a yield of 1.03%.
NRG Energy (NYSE:NRG) opened at 11.70 on Wednesday. The company’s 50-day moving average price is $11.45 and its 200 day moving average price is $13.70. The stock’s market capitalization is $3.69 billion. NRG Energy has a 12 month low of $8.80 and a 12 month high of $18.32.
NRG Energy (NYSE:NRG) last released its quarterly earnings data on Tuesday, August 9th. The company reported ($0.61) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.76. The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $3.54 billion. NRG Energy had a positive return on equity of 3.12% and a negative net margin of 48.33%. The company’s revenue was down 22.4% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.06) earnings per share. On average, analysts forecast that NRG Energy will post $0.96 earnings per share for the current fiscal year.
Several research analysts have recently issued reports on NRG shares. Barclays PLC lowered their price objective on NRG Energy from $20.00 to $18.00 and set an “overweight” rating for the company in a research report on Wednesday, August 10th. Zacks Investment Research cut NRG Energy from a “buy” rating to a “hold” rating in a research report on Thursday, July 21st. TheStreet cut NRG Energy from a “hold” rating to a “sell” rating in a research report on Thursday, September 8th. Deutsche Bank AG reaffirmed a “buy” rating and set a $21.00 price objective on shares of NRG Energy in a research report on Wednesday, August 10th. Finally, Citigroup Inc. lowered their price objective on NRG Energy from $14.00 to $11.00 and set a “sell” rating for the company in a research report on Monday, September 12th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. NRG Energy presently has an average rating of “Hold” and an average target price of $16.67.
Institutional investors have recently bought and sold shares of the stock. Ontario Teachers Pension Plan Board bought a new position in NRG Energy during the second quarter valued at approximately $164,000. Virtu Financial LLC acquired a new stake in shares of NRG Energy during the second quarter worth about $177,000. Advisor Partners LLC boosted its stake in shares of NRG Energy by 4.4% in the second quarter. Advisor Partners LLC now owns 12,102 shares of the company’s stock worth $181,000 after buying an additional 507 shares in the last quarter. Zacks Investment Management acquired a new stake in shares of NRG Energy during the second quarter worth about $215,000. Finally, Tredje AP fonden acquired a new stake in shares of NRG Energy during the second quarter worth about $224,000. Institutional investors and hedge funds own 96.11% of the company’s stock.
About NRG Energy
NRG Energy, Inc (NRG) is an integrated power company that produces, sells and delivers energy, and energy products and services in various power markets in the United States. The Company’s segments include NRG Business, which includes power generation, the carbon capture business and energy services; NRG Home, which includes NRG Home Retail, which consists of residential retail services and products, and NRG Home Solar, which includes the installation and leasing of residential solar services; NRG Renew, which includes solar and wind assets, excluding those in the NRG Yield and NRG Home Solar segments; NRG Yield, and corporate activities.
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