NRG Energy, Inc. (NYSE:NRG - Free Report) - Equities research analysts at Seaport Res Ptn boosted their FY2024 EPS estimates for NRG Energy in a research report issued to clients and investors on Wednesday, December 11th. Seaport Res Ptn analyst A. Storozynski now forecasts that the utilities provider will post earnings of $6.22 per share for the year, up from their prior estimate of $5.74. The consensus estimate for NRG Energy's current full-year earnings is $6.50 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.
NRG has been the subject of several other reports. Guggenheim upped their target price on NRG Energy from $77.00 to $118.00 and gave the company a "buy" rating in a research report on Tuesday, October 8th. Wells Fargo & Company increased 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. StockNews.com downgraded shares of NRG Energy from a "buy" rating to a "hold" rating in a report on Monday, September 2nd. Jefferies Financial Group raised shares of NRG Energy from a "hold" rating to a "buy" rating and lifted their price objective for the company from $93.00 to $113.00 in a research note on Tuesday, November 26th. Finally, Citigroup upped their target price on NRG Energy from $84.00 to $100.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $102.71.
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NRG Energy Stock Performance
Shares of NYSE:NRG traded down $0.80 on Monday, reaching $94.18. 1,581,333 shares of the company's stock were exchanged, compared to its average volume of 3,190,286. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. NRG Energy has a twelve month low of $48.64 and a twelve month high of $103.14. The company has a fifty day moving average of $92.91 and a 200-day moving average of $84.74. The company has a market capitalization of $19.08 billion, a price-to-earnings ratio of 23.86, a PEG ratio of 1.30 and a beta of 1.12.
Institutional Trading of NRG Energy
A number of hedge funds have recently made changes to their positions in the company. Luxor Capital Group LP boosted its position in NRG Energy by 47.8% during the 3rd quarter. Luxor Capital Group LP now owns 520,591 shares of the utilities provider's stock worth $47,426,000 after buying an additional 168,267 shares during the period. Bank of Hawaii raised its stake in shares of NRG Energy by 95.5% during the third quarter. Bank of Hawaii now owns 15,685 shares of the utilities provider's stock valued at $1,429,000 after acquiring an additional 7,662 shares during the last quarter. Pine Valley Investments Ltd Liability Co lifted its holdings in shares of 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. DRW Securities LLC grew its stake in shares of NRG Energy by 181.5% in the third quarter. DRW Securities LLC now owns 11,913 shares of the utilities provider's stock worth $1,085,000 after purchasing an additional 7,681 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in NRG Energy by 17.7% during the 3rd quarter. Principal Financial Group Inc. now owns 458,811 shares of the utilities provider's stock worth $41,800,000 after purchasing an additional 69,047 shares during the last quarter. 97.72% of the stock is owned by institutional investors and hedge funds.
NRG Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were given a dividend of $0.4075 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.63 dividend on an annualized basis and a yield of 1.73%. NRG Energy's dividend payout ratio is currently 40.95%.
About NRG Energy
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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.
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