Seaport Res Ptn Raises Earnings Estimates for NRG Energy

NRG Energy, Inc. (NYSE:NRG) – Analysts at Seaport Res Ptn boosted their FY2025 EPS estimates for shares of NRG Energy in a research report issued to clients and investors on Wednesday, March 5th. Seaport Res Ptn analyst A. Storozynski now forecasts that the utilities provider will post earnings of $7.60 per share for the year, up from their previous forecast of $7.59. The consensus estimate for NRG Energy’s current full-year earnings is $6.36 per share.

Several other equities research analysts have also weighed in on NRG. Jefferies Financial Group raised NRG Energy from a “hold” rating to a “buy” rating and increased their target price for the stock from $93.00 to $113.00 in a research report on Tuesday, November 26th. StockNews.com raised shares of NRG Energy from a “hold” rating to a “buy” rating in a report on Friday, February 28th. BMO Capital Markets lifted their price objective on NRG Energy from $100.00 to $115.00 and gave the company a “market perform” rating in a report on Monday. Guggenheim increased their price objective on NRG Energy from $134.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Finally, Wells Fargo & Company raised their price target on NRG Energy from $140.00 to $165.00 and gave the stock an “overweight” rating in a research report on Thursday, February 27th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $123.29.

NRG Energy Stock Performance

Shares of NYSE:NRG opened at $98.69 on Thursday. The business has a 50-day moving average of $102.41 and a two-hundred day moving average of $94.04. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. NRG Energy has a 12 month low of $59.50 and a 12 month high of $117.26. The firm has a market capitalization of $19.55 billion, a PE ratio of 24.80, a P/E/G ratio of 1.01 and a beta of 1.13.

NRG Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a $0.44 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.76 annualized dividend and a yield of 1.78%. This is a boost from NRG Energy’s previous quarterly dividend of $0.41. NRG Energy’s payout ratio is 35.92%.

Insider Buying and Selling

In other NRG Energy news, CFO Bruce Chung sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $97.63, for a total value of $1,952,600.00. Following the completion of the transaction, the chief financial officer now directly owns 69,454 shares in the company, valued at $6,780,794.02. This represents a 22.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Robert J. Gaudette sold 60,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $91.41, for a total transaction of $5,484,600.00. Following the completion of the sale, the vice president now owns 64,448 shares in the company, valued at approximately $5,891,191.68. This trade represents a 48.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.86% of the stock is owned by insiders.

Institutional Investors Weigh In On NRG Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in NRG. Janney Montgomery Scott LLC increased its stake in NRG Energy by 32.3% during the third quarter. Janney Montgomery Scott LLC now owns 9,765 shares of the utilities provider’s stock worth $890,000 after acquiring an additional 2,385 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in NRG Energy during the 3rd quarter valued at approximately $35,000. Robeco Institutional Asset Management B.V. grew its holdings in NRG Energy by 307.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 358,248 shares of the utilities provider’s stock worth $32,636,000 after acquiring an additional 270,234 shares during the period. National Pension Service increased its stake in NRG Energy by 78.8% in the 3rd quarter. National Pension Service now owns 569,161 shares of the utilities provider’s stock valued at $51,851,000 after purchasing an additional 250,910 shares in the last quarter. Finally, QRG Capital Management Inc. increased its stake in shares of NRG Energy by 4.7% during the 3rd quarter. QRG Capital Management Inc. now owns 49,408 shares of the utilities provider’s stock worth $4,501,000 after purchasing an additional 2,240 shares in the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.

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.