NRG Energy Inc Announces Quarterly Dividend of $0.14 (NRG)
NRG Energy (NYSE:NRG) announced a quarterly dividend on Friday, July 18th, ARN reports. Investors of record on Friday, August 1st will be paid a dividend of 0.14 per share on Friday, August 15th. This represents a $0.56 annualized dividend and a dividend yield of 1.76%.
Several analysts have recently commented on the stock. Analysts at Goldman Sachs upgraded shares of NRG Energy from a “buy” rating to a “conviction-buy” rating in a research note on Tuesday, May 27th. On a related note, analysts at Zacks downgraded shares of NRG Energy from an “outperform” rating to a “neutral” rating in a research note on Monday, May 19th. They now have a $35.00 price target on the stock. Finally, analysts at ISI Group raised their price target on shares of NRG Energy from $36.00 to $40.00 in a research note on Monday, May 12th. They now have a “buy” rating on the stock. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $36.00.
Shares of NRG Energy (NYSE:NRG) opened at 31.79 on Friday. NRG Energy has a one year low of $25.24 and a one year high of $38.09. The stock has a 50-day moving average of $35.88 and a 200-day moving average of $31.81. The company’s market cap is $10.721 billion.
NRG Energy (NYSE:NRG) last released its earnings data on Tuesday, May 6th. The company reported ($0.18) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.13) by $0.05. The company had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter last year, the company posted ($1.02) earnings per share. NRG Energy’s revenue was up 67.5% compared to the same quarter last year. Analysts expect that NRG Energy will post $1.96 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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