NRG Energy (NYSE:NRG) Issues Earnings Results, Beats Expectations By $1.33 EPS

NRG Energy (NYSE:NRG – Get Free Report) announced its quarterly earnings data on Monday. The utilities provider reported $4.68 earnings per share for the quarter, topping analysts’ consensus estimates of $3.35 by $1.33, FiscalAI reports. NRG Energy had a return on equity of 52.95% and a net margin of 2.56%. The firm had revenue of $9.47 billion for the quarter, compared to analyst estimates of $8.42 billion.

NRG Energy Price Performance

NRG stock opened at $88.38 on Monday. The stock’s 50 day moving average price is $102.00 and its 200 day moving average price is $133.71. The firm has a market cap of $18.65 billion, a P/E ratio of 23.38 and a beta of 1.22. The company has a debt-to-equity ratio of 5.17, a quick ratio of 0.89 and a current ratio of 0.97. NRG Energy has a 1 year low of $79.65 and a 1 year high of $189.96.

NRG Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Monday, November 2nd will be paid a $0.4750 dividend. The ex-dividend date of this dividend is Monday, November 2nd. This represents a $1.90 dividend on an annualized basis and a yield of 2.1%. NRG Energy’s dividend payout ratio is presently 50.26%.

Analyst Ratings Changes

Several brokerages have weighed in on NRG. UBS Group restated a “strong-buy” rating and set a $152.00 target price on shares of NRG Energy in a research report on Wednesday, October 21st. Zacks Research upgraded shares of NRG Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 27th. BNP Paribas Exane set a $221.00 price target on shares of NRG Energy in a research report on Wednesday, August 19th. Scotiabank lowered their price target on NRG Energy from $162.00 to $149.00 and set a “sector outperform” rating on the stock in a report on Wednesday, October 28th. Finally, Raymond James Financial set a $152.00 price target on NRG Energy in a report on Wednesday, October 21st. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $173.56.

View Our Latest Report on NRG

Insider Buying and Selling at NRG Energy

In other news, CAO Gerald Alfred Spencer sold 1,580 shares of the company’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $120.93, for a total value of $191,069.40. Following the sale, the chief accounting officer directly owned 6,213 shares in the company, valued at $751,338.09. This represents a 20.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is currently owned by company insiders.

About NRG Energy

(Get Free Report)

NRG Energy, Inc is an integrated energy company that produces and sells electricity and natural gas and provides home services. Its businesses serve residential, commercial and industrial customers, primarily in the United States and Canada.

The company supplies retail electricity and natural gas through a range of plans and brands, while its power-generation operations help support electricity markets across its service areas. NRG also offers energy-management programs and related services for businesses and other large customers.

NRG expanded into smart-home services with its 2023 acquisition of Vivint Smart Home.

See Also

Earnings History for NRG Energy (NYSE:NRG)

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