Seaport Res Ptn Boosts Earnings Estimates for NRG Energy

NRG Energy, Inc. (NYSE:NRG) – Equities researchers at Seaport Res Ptn raised their FY2024 EPS estimates for shares of NRG Energy in a research note issued to investors on Wednesday, December 11th. Seaport Res Ptn analyst A. Storozynski now forecasts that the utilities provider will earn $6.22 per share for the year, up from their previous forecast of $5.74. The consensus estimate for NRG Energy’s current full-year earnings is $6.50 per share. Seaport Res Ptn also issued estimates for NRG Energy’s FY2025 earnings at $7.59 EPS, FY2026 earnings at $8.59 EPS, FY2027 earnings at $9.83 EPS and FY2028 earnings at $10.63 EPS.

A number of other equities analysts have also recently commented on NRG. BMO Capital Markets raised their target price on NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a report on Tuesday, November 19th. Citigroup raised their price objective on NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Guggenheim boosted their price objective on NRG Energy from $77.00 to $118.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. StockNews.com cut shares of NRG Energy from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Finally, Jefferies Financial Group upgraded shares of NRG Energy from a “hold” rating to a “buy” rating and upped their price target for the stock from $93.00 to $113.00 in a research report on Tuesday, November 26th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $102.71.

NRG Energy Stock Down 0.8 %

Shares of NRG stock opened at $94.18 on Monday. The company has a 50 day simple moving average of $92.91 and a two-hundred day simple moving average of $84.81. The stock has a market cap of $19.08 billion, a P/E ratio of 23.66, a P/E/G ratio of 1.30 and a beta of 1.12. NRG Energy has a 12 month low of $48.64 and a 12 month high of $103.14. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57.

Hedge Funds Weigh In On NRG Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new stake in shares of NRG Energy during the 3rd quarter worth approximately $26,000. Covestor Ltd raised its stake in NRG Energy by 74.7% during the third quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 139 shares in the last quarter. Harbor Capital Advisors Inc. bought a new position in NRG Energy during the third quarter valued at $35,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of NRG Energy in the 3rd quarter worth $36,000. Finally, Rothschild Investment LLC bought a new stake in shares of NRG Energy in the 2nd quarter worth about $32,000. 97.72% of the stock is owned by institutional investors.

NRG Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a dividend of $0.4075 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.63 annualized dividend and a yield of 1.73%. NRG Energy’s payout ratio is 40.95%.

NRG Energy Company Profile

NRG Energy, Inc, together with its subsidiaries, operates as an energy and home services company in the United States and Canada. It operates through Texas; East; West/Services/Other; Vivint Smart Home; and Corporate Activities segments. The company produces and sells electricity generated using coal, oil, solar, and battery storage; natural gas; and a cloud-based home platform, including hardware, software, sales, installation, customer service, technical support, and professional monitoring solutions.