NRG Energy, Inc. (NRG) to Issue Quarterly Dividend of $0.48 on February 17th

NRG Energy, Inc. (NYSE:NRG) declared a quarterly dividend on Friday, January 23rd. Stockholders of record on Monday, February 2nd will be given a dividend of 0.475 per share by the utilities provider on Tuesday, February 17th. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, February 2nd. This is a 8.0% increase from NRG Energy’s previous quarterly dividend of $0.44.

NRG Energy has increased its dividend by an average of 0.7%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. NRG Energy has a dividend payout ratio of 22.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect NRG Energy to earn $9.78 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 19.4%.

NRG Energy Trading Down 0.8%

NRG traded down $1.26 during trading on Friday, hitting $152.46. 1,720,153 shares of the stock were exchanged, compared to its average volume of 1,914,308. The company has a debt-to-equity ratio of 8.45, a quick ratio of 0.99 and a current ratio of 1.05. The firm has a 50 day simple moving average of $158.34 and a 200 day simple moving average of $159.81. The firm has a market cap of $29.22 billion, a price-to-earnings ratio of 22.79 and a beta of 1.25. NRG Energy has a 1 year low of $79.57 and a 1 year high of $180.54.

NRG Energy (NYSE:NRG) last announced its quarterly earnings results on Thursday, November 6th. The utilities provider reported $2.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $0.85. NRG Energy had a return on equity of 103.57% and a net margin of 4.84%.The business had revenue of $7.64 billion for the quarter, compared to the consensus estimate of $7.53 billion. During the same period last year, the business posted $1.90 EPS. The business’s revenue was up 5.7% compared to the same quarter last year. As a group, equities analysts expect that NRG Energy will post 6.36 EPS for the current year.

NRG Energy Company Profile

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.