NRG Energy FY2028 EPS Forecast Boosted by Seaport Res Ptn

NRG Energy, Inc. (NYSE:NRG) – Seaport Res Ptn raised their FY2028 EPS estimates for NRG Energy in a report released on Monday, April 28th. Seaport Res Ptn analyst A. Storozynski now forecasts that the utilities provider will post earnings of $10.45 per share for the year, up from their previous forecast of $10.08. The consensus estimate for NRG Energy’s current full-year earnings is $6.36 per share.

Several other equities research analysts also recently commented on the stock. Wells Fargo & Company boosted their target price on shares of NRG Energy from $140.00 to $165.00 and gave the stock an “overweight” rating in a research report on Thursday, February 27th. The Goldman Sachs Group initiated coverage on shares of NRG Energy in a research report on Friday, April 4th. They set a “buy” rating and a $129.00 target price for the company. BMO Capital Markets boosted their price target on shares of NRG Energy from $100.00 to $115.00 and gave the stock a “market perform” rating in a report on Monday, March 3rd. Morgan Stanley boosted their price target on shares of NRG Energy from $86.00 to $99.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 19th. Finally, Guggenheim boosted their price target on shares of NRG Energy from $134.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $124.00.

NRG Energy Trading Up 0.1 %

NYSE:NRG opened at $109.66 on Wednesday. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. The firm has a 50-day moving average of $97.61 and a 200-day moving average of $97.25. The company has a market cap of $22.33 billion, a PE ratio of 27.55, a PEG ratio of 1.01 and a beta of 1.10. NRG Energy has a one year low of $65.11 and a one year high of $117.26.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mather Group LLC. boosted its stake in NRG Energy by 12.1% in the first quarter. Mather Group LLC. now owns 900 shares of the utilities provider’s stock valued at $86,000 after acquiring an additional 97 shares during the last quarter. McIlrath & Eck LLC lifted its stake in shares of NRG Energy by 4.5% during the 3rd quarter. McIlrath & Eck LLC now owns 2,630 shares of the utilities provider’s stock valued at $240,000 after buying an additional 113 shares in the last quarter. Private Trust Co. NA lifted its stake in shares of NRG Energy by 8.7% during the 1st quarter. Private Trust Co. NA now owns 1,482 shares of the utilities provider’s stock valued at $141,000 after buying an additional 119 shares in the last quarter. Schechter Investment Advisors LLC lifted its stake in shares of NRG Energy by 0.8% during the 4th quarter. Schechter Investment Advisors LLC now owns 15,916 shares of the utilities provider’s stock valued at $1,436,000 after buying an additional 120 shares in the last quarter. Finally, Allworth Financial LP lifted its stake in shares of NRG Energy by 19.2% during the 1st quarter. Allworth Financial LP now owns 758 shares of the utilities provider’s stock valued at $72,000 after buying an additional 122 shares in the last quarter. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

NRG Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend is Thursday, May 1st. NRG Energy’s payout ratio is 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.