NRG Energy, Inc. (NYSE: NRG) declared a quarterly dividend on Friday, October 15, RTT News reports. Shareholders of record on Monday November 1 will receive a dividend of 0.325 per share from the utility provider on Monday November 15. This represents a dividend of $ 1.30 on an annualized basis and a dividend yield of 3.12%.

NRG Energy has increased its dividend by 900.0% over the past three years and has increased its dividend annually for the past two consecutive years. NRG Energy has a payout ratio of 22.9%, which means that its dividend is sufficiently covered by earnings. Equity research analysts expect NRG Energy to earn $ 5.95 per share next year, which means the company should continue to be able to cover its annual dividend of $ 1.28. with an expected future payout rate of 21.5%.

NRG Energy shares traded up $ 0.03 during Friday’s session, reaching $ 41.61. The company’s shares had a trading volume of 37,808 shares, compared to its average volume of 2,897,218. The company has a 50-day moving average price of $ 43.11 and a two-hundred-day moving average price. of $ 39.48. The company has a market cap of $ 10.19 billion, a PE ratio of 9.47, a P / E / G ratio of 0.20 and a beta of 0.86. NRG Energy has a fifty-two week low of $ 30.47 and a fifty-two week high of $ 46.10. The company has a current ratio of 1.24, a quick ratio of 1.19 and a debt ratio of 3.42.

NRG Energy (NYSE: NRG) last released its quarterly earnings data on Thursday, August 5. The utility provider reported earnings per share of $ 4.40 for the quarter, beating analysts’ consensus estimates of $ 2.69 by $ 1.71. NRG Energy had a net margin of 5.90% and a return on equity of 32.21%. The company posted revenue of $ 5.24 billion for the quarter, compared to $ 2.83 billion according to analysts’ estimates. During the same period last year, the company posted EPS of $ 1.27. NRG Energy’s quarterly revenue increased 134.3% year-on-year. On average, analysts predict that NRG Energy will post 5.18 earnings per share for the current fiscal year.

A number of equity analysts have recently weighed on NRG shares. TheStreet upgraded NRG Energy’s shares from a “c +” rating to a “b” rating in a research report on Thursday August 5th. The Goldman Sachs group upgraded NRG Energy’s shares from a “buy” rating to a “condemnation-buy” rating in a research report published on Sunday (June 27th). Morgan Stanley increased its target price on NRG Energy shares from $ 47.00 to $ 48.00 and assigned the stock an “overweight” rating in a research report released Thursday, August 19. Finally, Seaport Global Securities raised its target price on NRG Energy shares from $ 42.00 to $ 47.00 and gave the stock a “buy” rating in a research report on Monday, June 21. Two research analysts rated the stock with a conservation rating, three issued a buy rating, and one gave the stock a high buy rating. According to MarketBeat data, NRG Energy has a consensus rating of “Buy” and a consensus target price of $ 48.33.

About NRG Energy

NRG Energy, Inc. engages in the production, sale and distribution of energy and energy services. It operates through the following segments: Production, Retail and Corporate. The Generation segment includes all activities of power plants, national and international, as well as renewable energies. The Retail segment includes mass customer and business solutions, as well as other distributed and reliability products.

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