Seaport Res Ptn Reduces Earnings Estimates for NRG Energy

NRG Energy, Inc. (NYSE:NRG - Free Report) - Research analysts at Seaport Res Ptn decreased their FY2026 earnings per share estimates for shares of NRG Energy in a research report issued on Wednesday, March 5th. Seaport Res Ptn analyst A. Storozynski now expects that the utilities provider will earn $8.05 per share for the year, down from their previous estimate of $8.59. 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 FY2027 earnings at $8.94 EPS and FY2028 earnings at $10.05 EPS.

NRG has been the subject of several other research reports. BMO Capital Markets upped their target price on shares of NRG Energy from $100.00 to $115.00 and gave the company a "market perform" rating in a research report on Monday, March 3rd. Evercore ISI upgraded shares of NRG Energy from an "in-line" rating to an "outperform" rating and upped their target price for the company from $74.00 to $126.00 in a research report on Tuesday, January 21st. Morgan Stanley upped their target price on shares of NRG Energy from $86.00 to $99.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 19th. StockNews.com cut shares of NRG Energy from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, Guggenheim upped their target price on shares of NRG Energy from $134.00 to $145.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $123.29.

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NRG Energy Trading Down 3.4 %

NYSE:NRG traded down $3.12 during trading hours on Friday, hitting $88.02. 4,669,265 shares of the stock were exchanged, compared to its average volume of 3,022,241. The company's 50 day moving average is $102.41 and its two-hundred day moving average is $94.18. The company has a market capitalization of $17.43 billion, a P/E ratio of 22.11, a price-to-earnings-growth ratio of 1.01 and a beta of 1.13. NRG Energy has a twelve month low of $59.50 and a twelve month high of $117.26. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57.

Hedge Funds Weigh In On NRG Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NRG. Ashton Thomas Securities LLC acquired a new position in NRG Energy in the 3rd quarter worth $26,000. Covestor Ltd boosted its stake in NRG Energy by 74.7% in the 3rd quarter. Covestor Ltd now owns 325 shares of the utilities provider's stock worth $30,000 after purchasing an additional 139 shares during the period. SBI Securities Co. Ltd. acquired a new position in NRG Energy in the 4th quarter worth $32,000. Harbor Capital Advisors Inc. acquired a new position in shares of NRG Energy during the 3rd quarter worth about $35,000. Finally, UMB Bank n.a. boosted its stake in shares of NRG Energy by 100.4% during the 4th quarter. UMB Bank n.a. now owns 455 shares of the utilities provider's stock worth $41,000 after buying an additional 228 shares during the last quarter. 97.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity at NRG Energy

In related news, CFO Bruce Chung sold 20,000 shares of the company's stock in a transaction on Monday, January 13th. The shares were 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 directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Robert J. Gaudette sold 60,000 shares of the company's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $91.41, for a total transaction of $5,484,600.00. Following the completion of the transaction, the vice president now directly owns 64,448 shares of the company's stock, valued at approximately $5,891,191.68. The trade was a 48.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.86% of the stock is owned by corporate insiders.

NRG Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a $0.44 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.00%. This is a boost from NRG Energy's previous quarterly dividend of $0.41. NRG Energy's dividend payout ratio is currently 35.92%.

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.