NRG Energy Inc. (NRG) Plans Quarterly Dividend of $0.12
NRG Energy (NYSE:NRG) announced a quarterly dividend on Wednesday, January 22nd, American Banking News reports. Investors of record on Monday, February 3rd will be paid a dividend of 0.12 per share on Monday, February 17th. This represents a $0.48 annualized dividend and a dividend yield of 1.71%.
A number of research firms have recently commented on NRG. Analysts at Citigroup Inc. downgraded shares of NRG Energy to a “neutral” rating in a research note to investors on Friday, January 3rd. On a related note, analysts at Jefferies Group cut their price target on shares of NRG Energy from $38.00 to $36.00 in a research note to investors on Friday, November 15th. They now have a “buy” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of NRG Energy in a research note to investors on Wednesday, November 13th. They now have a $28.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $30.32.
Shares of NRG Energy (NYSE:NRG) opened at 28.07 on Wednesday. NRG Energy has a 1-year low of $23.20 and a 1-year high of $30.28. The stock has a 50-day moving average of $28.22 and a 200-day moving average of $27.59. The company has a market cap of $9.078 billion and a P/E ratio of 19.73.
NRG Energy (NYSE:NRG) last announced its earnings results on Tuesday, November 12th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by $0.46. The company had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.08 billion. During the same quarter in the previous year, the company posted ($0.01) earnings per share. The company’s revenue for the quarter was up 49.7% on a year-over-year basis. Analysts expect that NRG Energy will post $1.67 EPS for the current fiscal year.
NRG Energy, Inc (NYSE:NRG) is an integrated wholesale power generation and retail electricity company in the United States.
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