Seaport Res Ptn Forecasts Lower Earnings for NRG Energy

NRG Energy, Inc. (NYSE:NRG) – Seaport Res Ptn decreased their FY2025 EPS estimates for shares of NRG Energy in a report issued on Tuesday, October 22nd. Seaport Res Ptn analyst A. Storozynski now anticipates that the utilities provider will earn $6.45 per share for the year, down from their previous forecast of $7.00. The consensus estimate for NRG Energy’s current full-year earnings is $5.51 per share.

NRG Energy (NYSE:NRG) last released its quarterly earnings data on Thursday, August 8th. The utilities provider reported $3.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $1.82. The business had revenue of $6.66 billion during the quarter, compared to analyst estimates of $8.32 billion. NRG Energy had a return on equity of 43.69% and a net margin of 7.19%. The company’s revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the business posted $1.10 EPS.

A number of other research analysts also recently weighed in on NRG. Wells Fargo & Company upped their price objective on shares of NRG Energy from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, September 5th. StockNews.com downgraded NRG Energy from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. BMO Capital Markets boosted their price objective on NRG Energy from $88.00 to $90.00 and gave the company a “market perform” rating in a research report on Monday, September 30th. Jefferies Financial Group began coverage on NRG Energy in a research report on Friday, September 13th. They set a “hold” rating and a $82.00 target price on the stock. Finally, Guggenheim boosted their price target on shares of NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $83.25.

NRG Energy Price Performance

NYSE:NRG opened at $85.30 on Wednesday. The company has a 50 day moving average price of $85.30 and a 200-day moving average price of $80.22. NRG Energy has a 1-year low of $40.10 and a 1-year high of $96.40. The firm has a market cap of $17.78 billion, a price-to-earnings ratio of 12.08 and a beta of 1.10. The company has a debt-to-equity ratio of 3.51, a current ratio of 1.18 and a quick ratio of 1.11.

Institutional Trading of NRG Energy

Several large investors have recently added to or reduced their stakes in NRG. Rothschild Investment LLC acquired a new position in shares of NRG Energy during the 2nd quarter valued at about $32,000. Mather Group LLC. acquired a new stake in shares of NRG Energy during the 1st quarter worth approximately $33,000. First Horizon Advisors Inc. increased its holdings in shares of NRG Energy by 76.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 442 shares of the utilities provider’s stock worth $34,000 after buying an additional 191 shares during the last quarter. Crewe Advisors LLC acquired a new position in NRG Energy in the first quarter valued at approximately $36,000. Finally, Innealta Capital LLC acquired a new stake in NRG Energy during the second quarter worth $36,000. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at NRG Energy

In related news, insider Rasesh M. Patel sold 102,603 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $80.35, for a total transaction of $8,244,151.05. Following the completion of the sale, the insider now owns 163,680 shares of the company’s stock, valued at approximately $13,151,688. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.86% of the company’s stock.

NRG Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be paid a dividend of $0.4075 per share. The ex-dividend date is Friday, November 1st. This represents a $1.63 annualized dividend and a yield of 1.91%. NRG Energy’s dividend payout ratio (DPR) is presently 23.09%.

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.