NRG Energy (NRG) to Release Earnings on Wednesday

NRG Energy (NYSE:NRG) is expected to issue its quarterly earnings data before the market opens on Wednesday, February 26th. Analysts expect the company to announce earnings of $1.04 per share and revenue of $7.82 billion for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

NRG Energy Price Performance

Shares of NRG Energy stock opened at $103.39 on Tuesday. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. NRG Energy has a fifty-two week low of $51.58 and a fifty-two week high of $115.38. The firm has a fifty day moving average price of $100.77 and a two-hundred day moving average price of $93.08. The company has a market cap of $20.94 billion, a PE ratio of 25.98, a price-to-earnings-growth ratio of 1.01 and a beta of 1.15.

NRG Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were issued a $0.44 dividend. The ex-dividend date was Monday, February 3rd. This is an increase from NRG Energy’s previous quarterly dividend of $0.41. This represents a $1.76 dividend on an annualized basis and a yield of 1.70%. NRG Energy’s dividend payout ratio is 44.22%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on NRG shares. Evercore ISI upgraded shares of NRG Energy from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $74.00 to $126.00 in a research note on Tuesday, January 21st. Jefferies Financial Group raised shares of NRG Energy from a “hold” rating to a “buy” rating and raised their target price for the company from $93.00 to $113.00 in a research note on Tuesday, November 26th. Wells Fargo & Company lifted their price objective on shares of NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. BMO Capital Markets lifted their price target on shares of NRG Energy from $94.00 to $100.00 and gave the company a “market perform” rating in a research note on Tuesday, November 19th. Finally, Citigroup lifted their price objective on shares of NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $113.71.

Insider Buying and Selling

In other NRG Energy news, VP Robert J. Gaudette sold 60,000 shares of NRG Energy stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $91.41, for a total transaction of $5,484,600.00. Following the completion of the transaction, the vice president now directly owns 64,448 shares of the company’s stock, valued at $5,891,191.68. The trade was a 48.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Bruce Chung sold 20,000 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $97.63, for a total transaction of $1,952,600.00. Following the completion of the transaction, the chief financial officer now owns 69,454 shares in the company, valued at $6,780,794.02. This trade represents a 22.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.86% of the stock is owned by corporate insiders.

About NRG Energy

NRG Energy, Inc, together with its subsidiaries, operates as an energy and home services company in the United States and Canada. It operates through Texas; East; West/Services/Other; Vivint Smart Home; and Corporate Activities segments. The company produces and sells electricity generated using coal, oil, solar, and battery storage; natural gas; and a cloud-based home platform, including hardware, software, sales, installation, customer service, technical support, and professional monitoring solutions.