NRG Energy (NYSE:NRG) announced its earnings results on Thursday. The utilities provider reported $1.88 EPS for the quarter, missing the consensus estimate of $2.10 by ($0.22), Fidelity Earnings reports. The company had revenue of $3 billion for the quarter, compared to analysts’ expectations of $4.44 billion. NRG Energy had a net margin of 6.20% and a negative return on equity of 45.11%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.96 earnings per share.
Shares of NYSE:NRG traded down $1.60 during mid-day trading on Friday, hitting $38.44. 6,265,501 shares of the company traded hands, compared to its average volume of 3,179,144. The firm has a market cap of $10.02 billion, a P/E ratio of 15.95, a PEG ratio of 0.27 and a beta of 0.79. NRG Energy has a 52-week low of $32.63 and a 52-week high of $43.66. The firm’s 50 day simple moving average is $39.72 and its 200 day simple moving average is $36.96.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.12 annualized dividend and a dividend yield of 0.31%. NRG Energy’s payout ratio is currently 4.98%.
Several equities research analysts recently commented on the company. Morgan Stanley raised their target price on NRG Energy from $53.00 to $55.00 and gave the company an “overweight” rating in a report on Friday. Citigroup raised their target price on NRG Energy from $45.00 to $46.00 and gave the company a “buy” rating in a report on Friday, October 18th. Zacks Investment Research upgraded NRG Energy from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a report on Tuesday, August 20th. ValuEngine upgraded NRG Energy from a “strong sell” rating to a “sell” rating in a report on Monday, November 4th. Finally, SunTrust Banks raised their target price on NRG Energy from $37.00 to $39.00 and gave the company a “hold” rating in a report on Tuesday, September 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $46.43.
About NRG Energy
NRG Energy, Inc, together with its subsidiaries, operates as an energy company in the United States. The company is involved in the producing, selling, and delivering electricity and related products and services to 3.1 million residential, industrial, and commercial consumers. It generates electricity using natural gas, coal, oil, solar, nuclear, wind, fossil fuel, and nuclear sources.
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