NRG Energy Inc (NYSE:NRG) Announces Quarterly Dividend of $0.03

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NRG Energy Inc (NYSE:NRG) announced a quarterly dividend on Thursday, October 17th, RTT News reports. Investors of record on Friday, November 1st will be paid a dividend of 0.03 per share by the utilities provider on Friday, November 15th. This represents a $0.12 annualized dividend and a yield of 0.30%.

NRG opened at $39.52 on Thursday. The firm has a market cap of $9.90 billion, a P/E ratio of 16.40, a PEG ratio of 0.28 and a beta of 0.79. NRG Energy has a 1-year low of $32.63 and a 1-year high of $43.66. The company has a 50 day simple moving average of $38.43 and a two-hundred day simple moving average of $37.16.

NRG Energy (NYSE:NRG) last posted its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $0.70 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.78 by ($0.08). The firm had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.52 billion. NRG Energy had a negative return on equity of 45.11% and a net margin of 6.20%. The business’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.31 earnings per share. Equities research analysts expect that NRG Energy will post 4.11 EPS for the current year.

A number of equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of NRG Energy from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research report on Tuesday, August 20th. ValuEngine lowered shares of NRG Energy from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. SunTrust Banks upped their price target on shares of NRG Energy from $37.00 to $39.00 and gave the stock a “hold” rating in a research report on Tuesday, September 17th. Morgan Stanley upgraded shares of NRG Energy from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $47.00 to $49.00 in a research report on Friday, September 6th. Finally, Goldman Sachs Group upgraded shares of NRG Energy from a “buy” rating to a “conviction-buy” rating and set a $56.00 price target for the company in a research report on Monday, June 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. NRG Energy has a consensus rating of “Buy” and an average target price of $46.00.

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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Dividend History for NRG Energy (NYSE:NRG)

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