NRG Energy (NRG) Projected to Post Earnings on Wednesday

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

NRG Energy Price Performance

NYSE:NRG opened at $112.16 on Wednesday. The company has a 50-day moving average of $99.71 and a 200-day moving average of $92.07. The company has a market capitalization of $22.72 billion, a price-to-earnings ratio of 28.18, a PEG ratio of 1.22 and a beta of 1.15. NRG Energy has a 52 week low of $51.42 and a 52 week high of $115.38. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17.

NRG Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a dividend of $0.44 per share. This is an increase from NRG Energy’s previous quarterly dividend of $0.41. This represents a $1.76 annualized dividend and a yield of 1.57%. The ex-dividend date was Monday, February 3rd. NRG Energy’s dividend payout ratio (DPR) is currently 44.22%.

Wall Street Analyst Weigh In

NRG has been the subject of several analyst reports. Citigroup lifted their price target 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. Wells Fargo & Company lifted their price target on shares of NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Evercore ISI raised shares of NRG Energy from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $74.00 to $126.00 in a report on Tuesday, January 21st. 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 report on Tuesday, November 19th. Finally, Jefferies Financial Group raised shares of NRG Energy from a “hold” rating to a “buy” rating and boosted their target price for the stock from $93.00 to $113.00 in a research note on Tuesday, November 26th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, NRG Energy currently has an average rating of “Moderate Buy” and a consensus price target of $111.43.

Insider Buying and Selling

In other news, VP Robert J. Gaudette sold 60,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $91.41, for a total value of $5,484,600.00. Following the transaction, the vice president now directly owns 64,448 shares in the company, valued at $5,891,191.68. This trade represents a 48.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 value of $1,952,600.00. Following the completion of the sale, the chief financial officer now owns 69,454 shares of the company’s stock, valued at $6,780,794.02. This represents a 22.36 % decrease in their position. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by insiders.

NRG Energy Company Profile

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.