FY2025 Earnings Estimate for NRG Energy Issued By Scotiabank

NRG Energy, Inc. (NYSE:NRG) – Equities research analysts at Scotiabank dropped their FY2025 earnings per share estimates for shares of NRG Energy in a research note issued on Thursday, February 19th. Scotiabank analyst A. Weisel now anticipates that the utilities provider will earn $7.71 per share for the year, down from their previous forecast of $8.08. The consensus estimate for NRG Energy’s current full-year earnings is $6.36 per share.

Several other brokerages also recently weighed in on NRG. Zacks Research downgraded NRG Energy from a “hold” rating to a “strong sell” rating in a report on Friday, January 23rd. Wells Fargo & Company raised their price objective on shares of NRG Energy from $202.00 to $206.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NRG Energy in a report on Monday, December 29th. Jefferies Financial Group cut their price target on shares of NRG Energy from $198.00 to $181.00 and set a “buy” rating on the stock in a report on Tuesday, January 27th. Finally, Morgan Stanley set a $153.00 price target on shares of NRG Energy in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $185.73.

NRG Energy Stock Up 2.4%

Shares of NYSE:NRG opened at $179.17 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.99 and a debt-to-equity ratio of 8.45. The stock has a fifty day simple moving average of $156.86 and a two-hundred day simple moving average of $160.19. NRG Energy has a 12-month low of $79.57 and a 12-month high of $180.54. The stock has a market capitalization of $38.46 billion, a price-to-earnings ratio of 26.78 and a beta of 1.27.

Institutional Investors Weigh In On NRG Energy

Several hedge funds and other institutional investors have recently made changes to their positions in NRG. Quent Capital LLC bought a new stake in NRG Energy during the third quarter valued at approximately $25,000. Motiv8 Investments LLC bought a new position in NRG Energy in the fourth quarter worth approximately $27,000. Bank of Jackson Hole Trust purchased a new position in shares of NRG Energy during the 2nd quarter worth $28,000. Core Wealth Advisors LLC bought a new stake in shares of NRG Energy during the 4th quarter valued at $28,000. Finally, Atlantic Union Bankshares Corp increased its stake in shares of NRG Energy by 90.4% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 179 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 85 shares in the last quarter. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Insiders Place Their Bets

In other NRG Energy news, VP Robert J. Gaudette sold 45,000 shares of NRG Energy stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $158.76, for a total value of $7,144,200.00. Following the completion of the sale, the vice president owned 63,920 shares of the company’s stock, valued at approximately $10,147,939.20. The trade was a 41.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Bruce Chung sold 12,383 shares of the firm’s stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $156.56, for a total value of $1,938,682.48. Following the completion of the transaction, the chief financial officer owned 79,147 shares in the company, valued at approximately $12,391,254.32. This trade represents a 13.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 172,556 shares of company stock valued at $27,550,446. Company insiders own 0.86% of the company’s stock.

NRG Energy announced that its Board of Directors has approved a share repurchase program on Thursday, November 6th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the utilities provider to buy up to 9.2% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

NRG Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 2nd were given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 1.1%. This is a positive change from NRG Energy’s previous quarterly dividend of $0.44. The ex-dividend date was Monday, February 2nd. NRG Energy’s payout ratio is currently 28.40%.

About NRG Energy

NRG Energy (NYSE: NRG) is a U.S.-based integrated power company headquartered in Houston, Texas. The company develops, owns and operates a diversified portfolio of power generation assets and participates in wholesale and retail energy markets. NRG supplies electricity to utilities, commercial and industrial customers, and retail consumers, while also providing energy-related products and services designed to manage consumption and support reliability.

NRG’s generation mix includes conventional thermal plants as well as renewable and distributed energy resources.