NRG Energy Inc (NYSE:NRG) Completes Energy System Acqusition


Dallas, Texas 01/07/2014 (FINANCIALSTRENDS) – NRG Energy Inc (NYSE:NRG), the S&P 500 index tracked energy producer announced on January 7 that it had completed the previous announced acquisition of private firm Energy System Company. Commenting about the successful conclusion of the buyout bid, NRG Energy Inc (NYSE:NRG) Chairman and CEO David Crane has been quoted as saying, “Our successful completion of this acquisition is the first example of NRG Yield fulfilling the promise of growth by executing quickly on a third-party transaction that adds value to our portfolio.” As per today’s press release, the Energy System Company buy out has been NRG Energy Inc (NYSE:NRG) first acquisition from a third party and culminates as the ninth thermal project in its portfolio.

NRG Energy Inc (NYSE:NRG) has a market cap of $9.27 billion and has managed to post sales of $10.56 billion over the trailing 12 months. In the same time period, its income has come in at $433 million. Sales numbers on a quarter on quarter basis has increased by 49 percent in the recently concluded quarter. This increase in the demand for the company’s product has resulted in the stock posting a 25 percent increase over the past 12 months and this appreciation extends to 2.72 percent in the past week of trading.

At these appreciated levels, the stock is trading at 5.1 percent below its 52 week high price point and is up 28.6 percent above its 52 week low price point. The stock has been range bound between $22.3 and $30.2 per share over the past 12 month’s period. The company has paid out a dividend of $0.48 per share which translates to a annual dividend yield of 1.67 percent per share. The investors in the stock would be hoping that post the successful merger, the prospects of the company increases many fold in near future.

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