NRG Energy, Inc. (NYSE:NRG) Declares Quarterly Dividend of $0.48

NRG Energy, Inc. (NYSE:NRG) announced a quarterly dividend on Monday, April 20th. Investors of record on Friday, May 1st will be paid a dividend of 0.475 per share by the utilities provider on Friday, May 15th. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, May 1st.

NRG Energy has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 1 years. NRG Energy has a dividend payout ratio of 22.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect NRG Energy to earn $11.09 per share next year, which means the company should continue to be able to cover its $1.90 annual dividend with an expected future payout ratio of 17.1%.

NRG Energy Price Performance

Shares of NRG opened at $149.94 on Wednesday. The company has a quick ratio of 1.58, a current ratio of 1.64 and a debt-to-equity ratio of 15.92. NRG Energy has a twelve month low of $95.09 and a twelve month high of $189.96. The company has a market capitalization of $32.17 billion, a P/E ratio of 38.06 and a beta of 1.35. The firm has a 50 day moving average of $161.20 and a 200 day moving average of $161.25.

NRG Energy (NYSE:NRG) last posted its earnings results on Tuesday, February 24th. The utilities provider reported $1.04 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.15). NRG Energy had a return on equity of 109.48% and a net margin of 2.81%.The company had revenue of $7.75 billion during the quarter, compared to the consensus estimate of $6.68 billion. During the same period last year, the firm posted $1.56 EPS. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. As a group, equities research analysts anticipate that NRG Energy will post 8.82 earnings per share for the current fiscal year.

Insider Buying and Selling at NRG Energy

In other news, VP Virginia Kinney sold 5,000 shares of NRG Energy stock in a transaction on Monday, March 16th. The shares were sold at an average price of $156.65, for a total transaction of $783,250.00. Following the transaction, the vice president owned 55,495 shares in the company, valued at $8,693,291.75. This trade represents a 8.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.43% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Quent Capital LLC purchased a new position in shares of NRG Energy during the 3rd quarter worth $25,000. Motiv8 Investments LLC purchased a new position in shares of NRG Energy during the 4th quarter valued at $27,000. MV Capital Management Inc. purchased a new position in shares of NRG Energy during the 4th quarter valued at $27,000. Core Wealth Advisors LLC purchased a new position in shares of NRG Energy during the 4th quarter valued at $28,000. Finally, Atlantic Union Bankshares Corp lifted its stake in shares of NRG Energy by 90.4% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 179 shares of the utilities provider’s stock valued at $29,000 after buying an additional 85 shares in the last quarter. Hedge funds and other institutional investors own 97.72% of the company’s stock.

About NRG Energy

NRG Energy (NYSE: NRG) is a U.S.-based integrated power company headquartered in Houston, Texas. The company develops, owns and operates a diversified portfolio of power generation assets and participates in wholesale and retail energy markets. NRG supplies electricity to utilities, commercial and industrial customers, and retail consumers, while also providing energy-related products and services designed to manage consumption and support reliability.

NRG’s generation mix includes conventional thermal plants as well as renewable and distributed energy resources.