NRG Energy (NYSE:NRG) Releases FY 2024 Earnings Guidance

NRG Energy (NYSE:NRG) updated its FY 2024 earnings guidance on Monday. The company provided EPS guidance of 5.950-6.750 for the period, compared to the consensus EPS estimate of 6.670. The company issued revenue guidance of -. NRG Energy also updated its FY 2025 guidance to 6.750-7.750 EPS.

NRG Energy Trading Down 1.9 %

Shares of NRG stock opened at $94.28 on Tuesday. The company has a market capitalization of $19.46 billion, a PE ratio of 23.69, a price-to-earnings-growth ratio of 1.42 and a beta of 1.10. NRG Energy has a 52-week low of $44.90 and a 52-week high of $102.84. The business’s fifty day moving average is $87.40 and its 200 day moving average is $81.97. The company has a debt-to-equity ratio of 3.51, a quick ratio of 1.11 and a current ratio of 1.18.

NRG Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be given a dividend of $0.4075 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $1.63 dividend on an annualized basis and a dividend yield of 1.73%. NRG Energy’s dividend payout ratio (DPR) is presently 40.95%.

Analyst Upgrades and Downgrades

NRG has been the topic of a number of recent analyst reports. Citigroup raised their target price on shares of NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Wells Fargo & Company raised their price objective on shares of NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday. StockNews.com lowered shares of NRG Energy from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. BMO Capital Markets raised their price target on NRG Energy from $90.00 to $94.00 and gave the company a “market perform” rating in a research report on Tuesday, October 29th. Finally, Guggenheim upped their price objective on NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $97.43.

Insider Transactions at NRG Energy

In other NRG Energy news, insider Rasesh M. Patel sold 102,603 shares of NRG Energy stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $80.35, for a total value of $8,244,151.05. Following the transaction, the insider now directly owns 163,680 shares of the company’s stock, valued at $13,151,688. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.86% of the company’s stock.

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.