NRG Energy, Inc. (NRG) To Go Ex-Dividend on May 1st

NRG Energy, Inc. (NYSE:NRG) declared a quarterly dividend on Monday, April 20th. Investors of record on Friday, May 1st will be paid a dividend of 0.475 per share by the utilities provider on Friday, May 15th. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, May 1st.

NRG Energy has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 1 consecutive years. NRG Energy has a dividend payout ratio of 22.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect NRG Energy to earn $11.09 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 17.1%.

NRG Energy Stock Performance

Shares of NRG stock opened at $149.94 on Wednesday. The company has a current ratio of 1.64, a quick ratio of 1.58 and a debt-to-equity ratio of 15.92. The firm has a fifty day moving average price of $161.20 and a 200 day moving average price of $161.25. The company has a market cap of $32.17 billion, a P/E ratio of 38.06 and a beta of 1.35. NRG Energy has a 12 month low of $95.09 and a 12 month high of $189.96.

NRG Energy (NYSE:NRG) last issued its earnings results on Tuesday, February 24th. The utilities provider reported $1.04 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.15). The firm had revenue of $7.75 billion for the quarter, compared to analyst estimates of $6.68 billion. NRG Energy had a return on equity of 109.48% and a net margin of 2.81%.The business’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.56 EPS. Sell-side analysts predict that NRG Energy will post 8.82 earnings per share for the current fiscal year.

Insider Buying and Selling at NRG Energy

In other news, VP Virginia Kinney sold 5,000 shares of the stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $156.65, for a total transaction of $783,250.00. Following the completion of the sale, the vice president owned 55,495 shares in the company, valued at approximately $8,693,291.75. This represents a 8.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.43% of the company’s stock.

Institutional Investors Weigh In On NRG Energy

Several hedge funds have recently made changes to their positions in the business. State Street Corp boosted its stake in shares of NRG Energy by 2.2% during the fourth quarter. State Street Corp now owns 10,868,408 shares of the utilities provider’s stock worth $1,730,685,000 after buying an additional 234,666 shares during the period. Victory Capital Management Inc. boosted its stake in shares of NRG Energy by 178.1% during the fourth quarter. Victory Capital Management Inc. now owns 7,676,513 shares of the utilities provider’s stock worth $1,222,409,000 after buying an additional 4,916,653 shares during the period. Geode Capital Management LLC boosted its stake in shares of NRG Energy by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 5,637,726 shares of the utilities provider’s stock worth $910,324,000 after buying an additional 82,162 shares during the period. Invesco Ltd. boosted its stake in shares of NRG Energy by 0.6% during the third quarter. Invesco Ltd. now owns 4,880,954 shares of the utilities provider’s stock worth $790,471,000 after buying an additional 31,238 shares during the period. Finally, Capital World Investors acquired a new stake in shares of NRG Energy during the fourth quarter worth about $305,817,000. Institutional investors and hedge funds own 97.72% of the company’s stock.

About NRG Energy

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.