FY2024 EPS Estimates for NRG Energy, Inc. (NYSE:NRG) Increased by Seaport Res Ptn

NRG Energy, Inc. (NYSE:NRG) – Equities research analysts at Seaport Res Ptn lifted their FY2024 EPS estimates for NRG Energy in a report released on Sunday, April 14th. Seaport Res Ptn analyst A. Storozynski now anticipates that the utilities provider will earn $6.15 per share for the year, up from their prior estimate of $6.09. The consensus estimate for NRG Energy’s current full-year earnings is $5.36 per share. Seaport Res Ptn also issued estimates for NRG Energy’s FY2026 earnings at $8.18 EPS and FY2027 earnings at $9.72 EPS.

NRG has been the topic of a number of other research reports. StockNews.com upgraded shares of NRG Energy from a “sell” rating to a “hold” rating in a report on Wednesday, March 6th. Citigroup raised their price objective on shares of NRG Energy from $52.00 to $62.00 and gave the company a “buy” rating in a research report on Friday, March 1st. Morgan Stanley raised their target price on shares of NRG Energy from $51.00 to $63.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 26th. BMO Capital Markets lifted their price objective on shares of NRG Energy from $58.00 to $59.00 and gave the stock a “market perform” rating in a research note on Thursday, February 29th. Finally, Wells Fargo & Company lifted their price objective on shares of NRG Energy from $78.00 to $85.00 and gave the stock an “overweight” rating in a research note on Monday, March 25th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $59.50.

NRG Energy Stock Performance

NRG Energy stock opened at $73.42 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 4.49. The company has a market capitalization of $15.77 billion, a PE ratio of -68.62 and a beta of 1.13. The firm has a fifty day simple moving average of $62.44 and a two-hundred day simple moving average of $52.67. NRG Energy has a twelve month low of $30.52 and a twelve month high of $76.54.

NRG Energy (NYSE:NRG) last posted its quarterly earnings results on Wednesday, February 28th. The utilities provider reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.20. NRG Energy had a negative net margin of 0.70% and a positive return on equity of 44.03%. The company had revenue of $6.81 billion for the quarter, compared to analysts’ expectations of $7.51 billion.

Institutional Investors Weigh In On NRG Energy

Institutional investors and hedge funds have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of NRG Energy by 4.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 31,040 shares of the utilities provider’s stock valued at $2,101,000 after purchasing an additional 1,383 shares during the last quarter. GoalVest Advisory LLC acquired a new position in NRG Energy in the 1st quarter worth about $1,344,000. Atlas Capital Advisors LLC increased its holdings in shares of NRG Energy by 209.6% during the 1st quarter. Atlas Capital Advisors LLC now owns 1,938 shares of the utilities provider’s stock valued at $131,000 after acquiring an additional 1,312 shares during the last quarter. Kingswood Wealth Advisors LLC increased its holdings in shares of NRG Energy by 0.8% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 23,267 shares of the utilities provider’s stock valued at $1,575,000 after acquiring an additional 174 shares during the last quarter. Finally, Worth Asset Management LLC acquired a new position in shares of NRG Energy during the 1st quarter valued at about $223,000. 97.72% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NRG Energy

In other NRG Energy news, VP Rasesh M. Patel sold 49,092 shares of NRG Energy stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $62.59, for a total value of $3,072,668.28. Following the completion of the sale, the vice president now owns 356,962 shares in the company, valued at approximately $22,342,251.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.61% of the company’s stock.

NRG Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be issued a $0.4075 dividend. This represents a $1.63 dividend on an annualized basis and a yield of 2.22%. NRG Energy’s dividend payout ratio (DPR) is currently -152.34%.

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.