NRG Energy FY2025 EPS Forecast Lifted by Seaport Res Ptn

NRG Energy, Inc. (NYSE:NRG) – Equities research analysts at Seaport Res Ptn lifted their FY2025 earnings estimates for shares of NRG Energy in a research report issued to clients and investors on Monday, March 31st. Seaport Res Ptn analyst A. Storozynski now forecasts that the utilities provider will earn $7.61 per share for the year, up from their previous forecast of $7.60. 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. StockNews.com downgraded NRG Energy from a “buy” rating to a “hold” rating in a research report on Saturday, March 8th. Evercore ISI upgraded NRG Energy from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $74.00 to $126.00 in a report on Tuesday, January 21st. Guggenheim upped their target price 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. Wells Fargo & Company boosted their price target 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. Finally, BMO Capital Markets upped their price objective on shares of NRG Energy from $100.00 to $115.00 and gave the company a “market perform” rating in a research note on Monday, March 3rd. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $123.29.

NRG Energy Trading Up 3.1 %

NRG stock opened at $98.45 on Tuesday. NRG Energy has a 12-month low of $65.11 and a 12-month high of $117.26. The business’s 50-day moving average is $101.31 and its 200 day moving average is $96.04. 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 stock has a market cap of $20.05 billion, a price-to-earnings ratio of 24.74, a PEG ratio of 1.01 and a beta of 1.13.

NRG Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.44 per share. The ex-dividend date was Monday, February 3rd. This is an increase from NRG Energy’s previous quarterly dividend of $0.41. This represents a $1.76 dividend on an annualized basis and a yield of 1.79%. NRG Energy’s payout ratio is 35.92%.

Insider Activity

In other news, VP Robert J. Gaudette sold 60,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $91.41, for a total value of $5,484,600.00. Following the transaction, the vice president now owns 64,448 shares of the company’s stock, valued at $5,891,191.68. This represents a 48.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Bruce Chung sold 20,000 shares of the firm’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $97.63, for a total value of $1,952,600.00. Following the sale, the chief financial officer now directly owns 69,454 shares of the company’s stock, valued at $6,780,794.02. The trade was a 22.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company’s stock.

Hedge Funds Weigh In On NRG Energy

A number of hedge funds have recently made changes to their positions in the stock. Assenagon Asset Management S.A. boosted its position in NRG Energy by 1,010.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,557,350 shares of the utilities provider’s stock valued at $140,504,000 after buying an additional 1,417,057 shares during the period. Boston Partners acquired a new position in shares of NRG Energy in the 4th quarter valued at $94,346,000. Appaloosa LP grew its holdings in shares of 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 last quarter. Teacher Retirement System of Texas grew its stake in NRG Energy by 350.4% during the 4th quarter. Teacher Retirement System of Texas now owns 904,265 shares of the utilities provider’s stock worth $81,583,000 after buying an additional 703,481 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of NRG Energy in the 4th quarter valued at $61,679,000. Hedge funds and other 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.