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

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. BMO Capital Markets increased their price target on shares of NRG Energy from $90.00 to $94.00 and gave the company a "market perform" rating in a research note on Tuesday, October 29th. StockNews.com cut shares of NRG Energy from a "buy" rating to a "hold" rating in a research note on Monday, September 2nd. Jefferies Financial Group assumed coverage on shares of NRG Energy in a research note on Friday, September 13th. They issued a "hold" rating and a $82.00 price target for the company. Wells Fargo & Company increased their price target on shares of NRG Energy from $130.00 to $140.00 and gave the company an "overweight" rating in a research note on Monday. Finally, Guggenheim increased their price objective on shares of NRG Energy from $77.00 to $118.00 and gave the stock a "buy" rating in a research report on Tuesday, October 8th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, NRG Energy presently has a consensus rating of "Hold" and an average price target of $97.43.

NRG Energy Stock Down 0.7 %

NRG stock traded down $0.66 during midday trading on Monday, hitting $95.48. The company's stock had a trading volume of 1,133,499 shares, compared to its average volume of 3,274,909. The company has a quick ratio of 1.11, a current ratio of 1.18 and a debt-to-equity ratio of 3.51. NRG Energy has a 52-week low of $44.90 and a 52-week high of $102.84. The firm has a market capitalization of $19.71 billion, a P/E ratio of 24.27, a PEG ratio of 1.42 and a beta of 1.10. The firm has a 50-day simple moving average of $87.21 and a 200-day simple moving average of $81.82.

NRG Energy (NYSE:NRG - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The utilities provider reported $3.37 EPS for the quarter, beating the consensus estimate of $1.55 by $1.82. NRG Energy had a net margin of 7.19% and a return on equity of 43.69%. The company had revenue of $6.66 billion during the quarter, compared to analysts' expectations of $8.32 billion. During the same quarter last year, the company posted $1.10 EPS. The firm's revenue was up 4.9% compared to the same quarter last year. As a group, equities analysts forecast that NRG Energy will post 6.29 EPS for the current year.

NRG Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a $0.4075 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $1.63 annualized dividend and a yield of 1.71%. NRG Energy's dividend payout ratio is presently 40.95%.

Insider Activity

In other news, insider Rasesh M. Patel sold 102,603 shares of the firm's stock in a transaction on Friday, September 13th. The shares were sold at an average price of $80.35, for a total value of $8,244,151.05. Following the sale, the insider now directly owns 163,680 shares in the company, valued at approximately $13,151,688. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.86% of the company's stock.

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.