Seaport Res Ptn Increases Earnings Estimates for NRG Energy

NRG Energy, Inc. (NYSE:NRG) – Seaport Res Ptn increased their FY2025 EPS estimates for shares of NRG Energy in a report released on Wednesday, March 5th. Seaport Res Ptn analyst A. Storozynski now anticipates that the utilities provider will post earnings per share of $7.60 for the year, up from their previous forecast of $7.59. The consensus estimate for NRG Energy’s current full-year earnings is $6.36 per share.

Other equities analysts also recently issued research reports about the company. BMO Capital Markets boosted their price target on NRG Energy from $100.00 to $115.00 and gave the stock a “market perform” rating in a research report on Monday. Morgan Stanley lifted their price objective on shares of NRG Energy from $86.00 to $99.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 19th. Evercore ISI raised shares of NRG Energy from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $74.00 to $126.00 in a research note on Tuesday, January 21st. Jefferies Financial Group raised shares of NRG Energy from a “hold” rating to a “buy” rating and boosted their target price for the stock from $93.00 to $113.00 in a report on Tuesday, November 26th. Finally, Wells Fargo & Company increased their target price on shares of NRG Energy from $140.00 to $165.00 and gave the company an “overweight” rating in a research report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $123.29.

NRG Energy Stock Performance

NRG stock opened at $98.69 on Thursday. The business’s 50-day moving average price is $102.41 and its two-hundred day moving average price is $94.04. NRG Energy has a 1-year low of $59.50 and a 1-year high of $117.26. 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 firm has a market cap of $19.55 billion, a PE ratio of 24.80, a P/E/G ratio of 1.01 and a beta of 1.13.

NRG Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were given a dividend of $0.44 per share. The ex-dividend date was Monday, February 3rd. This represents a $1.76 annualized dividend and a yield of 1.78%. This is a boost from NRG Energy’s previous quarterly dividend of $0.41. NRG Energy’s dividend payout ratio is presently 35.92%.

Insider Buying and Selling

In related news, CFO Bruce Chung sold 20,000 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $6,780,794.02. The trade was a 22.36 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Robert J. Gaudette sold 60,000 shares of the stock in a transaction that occurred 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 owns 64,448 shares in the company, valued at $5,891,191.68. This trade represents a 48.21 % decrease in their position. The disclosure for this sale can be found here. 0.86% of the stock is owned by insiders.

Institutional Trading of NRG Energy

Several institutional investors and hedge funds have recently modified their holdings of NRG. Geode Capital Management LLC grew its stake in shares of NRG Energy by 6.2% during the third quarter. Geode Capital Management LLC now owns 5,399,098 shares of the utilities provider’s stock worth $494,225,000 after acquiring an additional 313,478 shares during the last quarter. Banco Santander S.A. increased its stake in shares of NRG Energy by 0.3% during the fourth quarter. Banco Santander S.A. now owns 2,828,000 shares of the utilities provider’s stock worth $255,142,000 after purchasing an additional 7,500 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in shares of NRG Energy by 7.4% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,663,441 shares of the utilities provider’s stock worth $242,639,000 after buying an additional 182,481 shares in the last quarter. Northern Trust Corp increased its holdings in shares of NRG Energy by 16.1% in the fourth quarter. Northern Trust Corp now owns 2,282,672 shares of the utilities provider’s stock valued at $205,943,000 after purchasing an additional 316,445 shares during the last quarter. Finally, Appaloosa LP raised its stake in NRG Energy by 81.5% during the fourth quarter. Appaloosa LP now owns 1,815,000 shares of the utilities provider’s stock worth $163,749,000 after purchasing an additional 815,180 shares during the period. Institutional investors own 97.72% of the company’s stock.

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.