NRG Energy Inc (NYSE:NRG) Declares $0.03 Quarterly Dividend

NRG Energy Inc (NYSE:NRG) declared a quarterly dividend on Friday, January 19th, RTT News reports. Stockholders of record on Thursday, February 1st will be paid a dividend of 0.03 per share by the utilities provider on Thursday, February 15th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date is Wednesday, January 31st.

NRG Energy has decreased its dividend by an average of 39.4% annually over the last three years. NRG Energy has a payout ratio of 21.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect NRG Energy to earn $1.96 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 6.1%.

Shares of NRG Energy (NYSE:NRG) traded up $0.59 during mid-day trading on Friday, hitting $24.59. 8,610,295 shares of the stock were exchanged, compared to its average volume of 6,352,896. NRG Energy has a 52 week low of $14.52 and a 52 week high of $29.78. The firm has a market cap of $7,786.23, a PE ratio of -4.82 and a beta of 1.15. The company has a current ratio of 1.28, a quick ratio of 1.11 and a debt-to-equity ratio of 4.24.

A number of equities analysts have recently issued reports on NRG shares. Bank of America started coverage on shares of NRG Energy in a research note on Tuesday, October 24th. They issued a “buy” rating and a $31.00 price objective for the company. Zacks Investment Research upgraded shares of NRG Energy from a “sell” rating to a “hold” rating in a research note on Friday, October 27th. ValuEngine cut shares of NRG Energy from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, SunTrust Banks restated a “hold” rating and issued a $25.00 price objective on shares of NRG Energy in a research note on Friday, October 20th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. NRG Energy currently has a consensus rating of “Buy” and an average target price of $24.67.

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NRG Energy Company Profile

NRG Energy, Inc (NRG) is an integrated power company. The Company is engaged in producing, selling and delivering electricity and related products and services in various markets in the United States. The Company’s segments include Generation, Retail, Renewables, NRG Yield, Inc (NRG Yield) and Corporate activities.

Dividend History for NRG Energy (NYSE:NRG)

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