NRG Energy Inc (NRG) Plans Quarterly Dividend of $0.03

NRG Energy Inc (NYSE:NRG) declared a quarterly dividend on Friday, January 19th, RTT News reports. Shareholders of record on Thursday, February 1st will be given a dividend of 0.03 per share by the utilities provider on Thursday, February 15th. This represents a $0.12 annualized dividend and a yield of 0.45%.

NRG Energy has decreased its dividend payment by an average of 39.4% annually over the last three years. NRG Energy has a dividend payout ratio of 21.4% meaning its dividend is sufficiently covered by earnings. Analysts expect NRG Energy to earn $1.71 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 7.0%.

Shares of NRG Energy (NYSE:NRG) opened at $26.81 on Friday. The stock has a market cap of $8,685.48, a PE ratio of -5.26 and a beta of 1.28. The company has a quick ratio of 1.11, a current ratio of 1.28 and a debt-to-equity ratio of 4.24. NRG Energy has a twelve month low of $14.52 and a twelve month high of $29.78.

NRG Energy (NYSE:NRG) last released its earnings results on Thursday, November 2nd. The utilities provider reported $0.61 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.51). The firm had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $3.28 billion. NRG Energy had a positive return on equity of 8.82% and a negative net margin of 13.48%. NRG Energy’s revenue was down 10.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.27 EPS. research analysts expect that NRG Energy will post 0.56 earnings per share for the current fiscal year.

Several equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of NRG Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 3rd. ValuEngine lowered shares of NRG Energy from a “buy” rating to a “hold” rating in a report on Friday, December 1st. SunTrust Banks restated a “hold” rating and issued a $25.00 target price on shares of NRG Energy in a report on Friday, October 20th. Finally, Bank of America assumed coverage on shares of NRG Energy in a report on Tuesday, October 24th. They issued a “buy” rating and a $31.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the stock. NRG Energy currently has an average rating of “Buy” and an average target price of $24.67.

In related news, Director Barry T. Smitherman purchased 2,541 shares of NRG Energy stock in a transaction that occurred on Monday, November 6th. The shares were bought at an average price of $28.38 per share, with a total value of $72,113.58. Following the purchase, the director now directly owns 49,000 shares of the company’s stock, valued at approximately $1,390,620. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.31% of the company’s stock.

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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.

Dividend History for NRG Energy (NYSE:NRG)

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