Seaport Res Ptn Increases Earnings Estimates for NRG Energy

NRG Energy, Inc. (NYSE:NRG - Free Report) - Analysts at Seaport Res Ptn upped their FY2025 earnings estimates for shares of NRG Energy in a research note issued on Monday, March 31st. Seaport Res Ptn analyst A. Storozynski now forecasts that the utilities provider will post earnings of $7.61 per share for the year, up from their previous forecast of $7.60. The consensus estimate for NRG Energy's current full-year earnings is $6.36 per share.

Several other research analysts have also issued reports on the company. BMO Capital Markets upped their target price on NRG Energy from $100.00 to $115.00 and gave the company a "market perform" rating in a research report on Monday, March 3rd. Morgan Stanley upped their price objective on shares of NRG Energy from $86.00 to $99.00 and gave the company an "equal weight" rating in a report on Wednesday, February 19th. Wells Fargo & Company lifted their target price on shares of NRG Energy from $140.00 to $165.00 and gave the stock an "overweight" rating in a research note on Thursday, February 27th. Guggenheim upped their price target on shares of NRG Energy from $134.00 to $145.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Finally, StockNews.com downgraded shares of NRG Energy from a "buy" rating to a "hold" rating in a research note on Saturday, March 8th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $124.00.

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NRG Energy Stock Down 10.1 %

Shares of NRG stock traded down $9.39 during trading hours on Tuesday, reaching $83.38. 6,875,881 shares of the company's stock were exchanged, compared to its average volume of 3,080,309. NRG Energy has a fifty-two week low of $65.11 and a fifty-two week high of $117.26. The stock's 50 day moving average is $100.23 and its 200-day moving average is $96.18. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. The company has a market cap of $16.98 billion, a price-to-earnings ratio of 20.95, a P/E/G ratio of 1.01 and a beta of 1.10.

NRG Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were paid a $0.44 dividend. This is a boost from NRG Energy's previous quarterly dividend of $0.41. This represents a $1.76 annualized dividend and a dividend yield of 2.11%. The ex-dividend date was Monday, February 3rd. NRG Energy's payout ratio is currently 35.92%.

Insider Buying and Selling

In related news, CFO Bruce Chung sold 20,000 shares of the company's stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $97.63, for a total value of $1,952,600.00. Following the completion of the transaction, the chief financial officer now owns 69,454 shares of the company's stock, valued at approximately $6,780,794.02. This represents a 22.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.86% of the stock is currently owned by insiders.

Institutional Trading of NRG Energy

Institutional investors and hedge funds have recently made changes to their positions in the business. SBI Securities Co. Ltd. purchased a new stake in NRG Energy in the 4th quarter worth $32,000. Mizuho Bank Ltd. acquired a new stake in shares of NRG Energy in the fourth quarter valued at about $41,000. UMB Bank n.a. increased its stake in shares of NRG Energy by 100.4% during the fourth quarter. UMB Bank n.a. now owns 455 shares of the utilities provider's stock worth $41,000 after purchasing an additional 228 shares in the last quarter. Princeton Global Asset Management LLC raised its position in shares of NRG Energy by 414.9% during the 4th quarter. Princeton Global Asset Management LLC now owns 484 shares of the utilities provider's stock worth $44,000 after purchasing an additional 390 shares during the last quarter. Finally, Larson Financial Group LLC lifted its stake in NRG Energy by 221.0% in the 4th quarter. Larson Financial Group LLC now owns 504 shares of the utilities provider's stock valued at $45,000 after buying an additional 347 shares in the last quarter. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

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.