Seaport Res Ptn Raises Earnings Estimates for NRG Energy

NRG Energy, Inc. (NYSE:NRG) – Equities researchers at Seaport Res Ptn lifted their FY2025 earnings per share estimates for shares of NRG Energy in a note issued to investors on Wednesday, March 5th. Seaport Res Ptn analyst A. Storozynski now anticipates that the utilities provider will earn $7.60 per share for the year, up from their prior forecast of $7.59. The consensus estimate for NRG Energy’s current full-year earnings is $6.36 per share.

NRG has been the topic of a number of other research reports. Morgan Stanley increased their target price on NRG Energy from $86.00 to $99.00 and gave the company an “equal weight” rating in a report on Wednesday, February 19th. Evercore ISI raised NRG Energy from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $74.00 to $126.00 in a research report on Tuesday, January 21st. Wells Fargo & Company lifted their target price on NRG Energy from $140.00 to $165.00 and gave the company an “overweight” rating in a research note on Thursday, February 27th. BMO Capital Markets lifted their price target on NRG Energy from $100.00 to $115.00 and gave the company a “market perform” rating in a report on Monday, March 3rd. Finally, Jefferies Financial Group raised NRG Energy from a “hold” rating to a “buy” rating and boosted their target price for the stock from $93.00 to $113.00 in a report on Tuesday, November 26th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $123.29.

NRG Energy Stock Performance

NRG opened at $88.02 on Thursday. The stock has a market cap of $17.43 billion, a P/E ratio of 22.11, a P/E/G ratio of 1.01 and a beta of 1.13. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. The stock’s 50 day simple moving average is $102.48 and its 200 day simple moving average is $94.05. NRG Energy has a 1-year low of $59.50 and a 1-year high of $117.26.

Institutional Investors Weigh In On NRG Energy

A number of large investors have recently bought and sold shares of NRG. Ashton Thomas Securities LLC acquired a new position in NRG Energy in the third quarter worth about $26,000. Covestor Ltd grew its stake in shares of 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 during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of NRG Energy during the fourth quarter valued at approximately $32,000. Harbor Capital Advisors Inc. acquired a new position in NRG Energy in the third quarter valued at approximately $35,000. Finally, Mizuho Bank Ltd. acquired a new position in NRG Energy in the fourth quarter valued at approximately $41,000. 97.72% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Bruce Chung sold 20,000 shares of the business’s stock in a transaction on Monday, January 13th. The shares were 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Robert J. Gaudette sold 60,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $91.41, for a total transaction of $5,484,600.00. Following the transaction, the vice president now owns 64,448 shares in the company, valued at approximately $5,891,191.68. This represents a 48.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company’s stock.

NRG Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 2.00%. This is a boost from NRG Energy’s previous quarterly dividend of $0.41. The ex-dividend date was Monday, February 3rd. NRG Energy’s payout ratio is presently 35.92%.

About NRG Energy

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.