Seaport Res Ptn Increases Earnings Estimates for NRG Energy

NRG Energy, Inc. (NYSE:NRG) – Stock analysts at Seaport Res Ptn lifted their FY2024 earnings per share estimates for NRG Energy in a research report issued on Wednesday, December 11th. Seaport Res Ptn analyst A. Storozynski now anticipates that the utilities provider will post earnings per share of $6.22 for the year, up from their previous estimate of $5.74. The consensus estimate for NRG Energy’s current full-year earnings is $6.36 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.

Several other research analysts have also commented on the stock. StockNews.com lowered shares of NRG Energy from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Citigroup upped their price target on shares of NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a report 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 stock an “overweight” rating in a research note on Monday, November 11th. Jefferies Financial Group upgraded NRG Energy from a “hold” rating to a “buy” rating and increased their price target for the stock from $93.00 to $113.00 in a report on Tuesday, November 26th. Finally, BMO Capital Markets boosted their price objective on NRG Energy from $94.00 to $100.00 and gave the company a “market perform” rating in a report on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, NRG Energy has an average rating of “Moderate Buy” and a consensus price target of $102.71.

NRG Energy Price Performance

NYSE:NRG opened at $91.42 on Monday. The firm has a market capitalization of $18.52 billion, a price-to-earnings ratio of 22.97, a PEG ratio of 1.29 and a beta of 1.12. 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 business has a 50 day simple moving average of $92.86 and a 200-day simple moving average of $84.88. NRG Energy has a 1 year low of $48.64 and a 1 year high of $103.14.

Institutional Trading of NRG Energy

Institutional investors and hedge funds have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC raised its holdings in shares of NRG Energy by 10.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 34,165 shares of the utilities provider’s stock valued at $2,660,000 after purchasing an additional 3,125 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in NRG Energy by 54.7% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 7,549 shares of the utilities provider’s stock worth $588,000 after buying an additional 2,669 shares in the last quarter. Blue Trust Inc. raised its stake in NRG Energy by 457.7% in the second quarter. Blue Trust Inc. now owns 1,740 shares of the utilities provider’s stock worth $135,000 after buying an additional 1,428 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in NRG Energy by 74.3% during the second quarter. Nisa Investment Advisors LLC now owns 53,198 shares of the utilities provider’s stock worth $4,142,000 after buying an additional 22,669 shares during the period. Finally, First Horizon Advisors Inc. boosted its position in NRG Energy by 76.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 442 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 191 shares in the last quarter. 97.72% of the stock is currently owned by institutional investors.

NRG Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders 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 1.78%. NRG Energy’s payout ratio is currently 40.95%.

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.