NRG Energy (NYSE:NRG) Releases Earnings Results, Misses Estimates By $0.22 EPS

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NRG Energy (NYSE:NRG) issued its earnings results on Thursday. The utilities provider reported $1.88 earnings per share for the quarter, missing analysts’ consensus estimates of $2.10 by ($0.22), Fidelity Earnings reports. NRG Energy had a negative return on equity of 45.11% and a net margin of 6.20%. The firm had revenue of $3 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same period in the previous year, the company earned $0.96 earnings per share. NRG Energy’s revenue for the quarter was up 1.2% compared to the same quarter last year.

NYSE NRG traded down $1.60 on Friday, reaching $38.44. The company had a trading volume of 6,265,501 shares, compared to its average volume of 3,179,144. The stock has a market capitalization of $10.02 billion, a P/E ratio of 15.95, a P/E/G ratio of 0.27 and a beta of 0.79. The company’s fifty day moving average is $39.72 and its 200 day moving average is $36.96. NRG Energy has a 52-week low of $32.63 and a 52-week high of $43.66.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date of this dividend is Thursday, October 31st. NRG Energy’s payout ratio is currently 4.98%.

A number of equities analysts have recently weighed in on NRG shares. Morgan Stanley upped their target price on NRG Energy from $53.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday. Zacks Investment Research raised NRG Energy from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research report on Tuesday, August 20th. ValuEngine raised NRG Energy from a “strong sell” rating to a “sell” rating in a research report on Monday, November 4th. SunTrust Banks upped their target price on NRG Energy from $37.00 to $39.00 and gave the stock a “hold” rating in a research report on Tuesday, September 17th. Finally, Citigroup upped their target price on NRG Energy from $45.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. 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 company’s stock. NRG Energy presently has an average rating of “Buy” and an average price target of $46.43.

NRG Energy Company Profile

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.

See Also: P/E Growth (PEG)

Earnings History for NRG Energy (NYSE:NRG)

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