Seaport Res Ptn Boosts Earnings Estimates for NRG Energy

NRG Energy, Inc. (NYSE:NRG) – Seaport Res Ptn raised their FY2025 earnings estimates for shares of NRG Energy in a research note issued on Monday, March 31st. Seaport Res Ptn analyst A. Storozynski now expects that the utilities provider will post earnings of $7.61 per share for the year, up from their previous forecast of $7.60. The consensus estimate for NRG Energy’s current full-year earnings is $6.36 per share.

Several other equities research analysts have also issued reports on the stock. Wells Fargo & Company increased their target price on shares of NRG Energy from $140.00 to $165.00 and gave the stock an “overweight” rating in a research note on Thursday, February 27th. StockNews.com lowered NRG Energy from a “buy” rating to a “hold” rating in a report on Saturday, March 8th. Morgan Stanley upped their target price on NRG Energy from $86.00 to $99.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 19th. Guggenheim lifted their price target on shares of NRG Energy from $134.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Finally, Evercore ISI upgraded shares of NRG Energy from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $74.00 to $126.00 in a research report on Tuesday, January 21st. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.29.

NRG Energy Stock Up 4.4 %

NRG stock opened at $102.90 on Tuesday. NRG Energy has a one year low of $65.11 and a one year high of $117.26. 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 firm’s fifty day moving average is $101.16 and its 200 day moving average is $96.08. The firm has a market cap of $20.96 billion, a PE ratio of 25.85, a P/E/G ratio of 1.01 and a beta of 1.13.

Institutional Investors Weigh In On NRG Energy

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Everence Capital Management Inc. purchased a new stake in NRG Energy in the 4th quarter valued at $549,000. Meyer Handelman Co. grew its holdings in shares of NRG Energy by 43.8% in the fourth quarter. Meyer Handelman Co. now owns 78,982 shares of the utilities provider’s stock valued at $7,126,000 after purchasing an additional 24,062 shares during the period. Luxor Capital Group LP increased its position in NRG Energy by 47.8% during the third quarter. Luxor Capital Group LP now owns 520,591 shares of the utilities provider’s stock worth $47,426,000 after purchasing an additional 168,267 shares during the last quarter. Pine Valley Investments Ltd Liability Co raised its stake in NRG Energy by 25.1% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 50,027 shares of the utilities provider’s stock worth $4,557,000 after purchasing an additional 10,031 shares during the period. Finally, CWA Asset Management Group LLC acquired a new position in NRG Energy in the 4th quarter valued at about $1,340,000. Institutional investors and hedge funds own 97.72% of the company’s stock.

Insider Transactions at NRG Energy

In other news, CFO Bruce Chung sold 20,000 shares of the business’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 transaction of $1,952,600.00. Following the transaction, the chief financial officer now directly owns 69,454 shares in the company, valued at $6,780,794.02. The trade was a 22.36 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.86% of the company’s stock.

NRG Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.71%. The ex-dividend date was Monday, February 3rd. This is a boost from NRG Energy’s previous quarterly dividend of $0.41. NRG Energy’s payout ratio is 35.92%.

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.