Seaport Res Ptn Boosts Earnings Estimates for NRG Energy

NRG Energy, Inc. (NYSE:NRG) – Analysts at Seaport Res Ptn raised their FY2024 earnings per share (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 anticipates that the utilities provider will post earnings of $6.22 per share for the year, up from their prior 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 analysts have also recently weighed in on the stock. StockNews.com cut shares of NRG Energy from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Jefferies Financial Group upgraded shares of NRG Energy from a “hold” rating to a “buy” rating and raised their price target for the company from $93.00 to $113.00 in a research note on Tuesday, November 26th. Citigroup lifted their price target on NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, October 31st. BMO Capital Markets increased their price objective on NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a report on Tuesday, November 19th. Finally, Guggenheim lifted their target price on NRG Energy from $77.00 to $118.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $102.71.

NRG Energy Stock Performance

NRG stock opened at $94.98 on Monday. NRG Energy has a 1 year low of $47.88 and a 1 year high of $103.14. The stock has a market capitalization of $19.24 billion, a price-to-earnings ratio of 23.86, a PEG ratio of 1.30 and a beta of 1.12. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17. The stock’s fifty day moving average is $92.91 and its two-hundred day moving average is $84.74.

NRG Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued 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 1.72%. NRG Energy’s payout ratio is 40.95%.

Institutional Trading of NRG Energy

Institutional investors have recently modified their holdings of the company. Luxor Capital Group LP grew its position in NRG Energy by 47.8% in the third quarter. Luxor Capital Group LP now owns 520,591 shares of the utilities provider’s stock worth $47,426,000 after buying an additional 168,267 shares during the last quarter. Bank of Hawaii boosted its stake in shares of NRG Energy by 95.5% during the 3rd quarter. Bank of Hawaii now owns 15,685 shares of the utilities provider’s stock worth $1,429,000 after acquiring an additional 7,662 shares in the last quarter. Pine Valley Investments Ltd Liability Co grew its holdings in shares of NRG Energy by 25.1% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 50,027 shares of the utilities provider’s stock worth $4,557,000 after acquiring an additional 10,031 shares during the last quarter. DRW Securities LLC raised its position in shares of NRG Energy by 181.5% during the third quarter. DRW Securities LLC now owns 11,913 shares of the utilities provider’s stock worth $1,085,000 after purchasing an additional 7,681 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of NRG Energy by 17.7% during the third quarter. Principal Financial Group Inc. now owns 458,811 shares of the utilities provider’s stock worth $41,800,000 after purchasing an additional 69,047 shares during the period. 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.