Seaport Res Ptn Research Analysts Lift Earnings Estimates for NRG Energy, Inc. (NYSE:NRG)

NRG Energy, Inc. (NYSE:NRG) – Seaport Res Ptn raised their FY2028 earnings per share (EPS) estimates for NRG Energy in a research note issued to investors on Friday, April 26th. Seaport Res Ptn analyst A. Storozynski now anticipates that the utilities provider will post earnings per share of $12.27 for the year, up from their prior forecast of $11.81. The consensus estimate for NRG Energy’s current full-year earnings is $5.36 per share.

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

NRG has been the subject of a number of other reports. Morgan Stanley raised their price target on NRG Energy from $51.00 to $63.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 26th. Evercore ISI boosted their price target on NRG Energy from $55.00 to $65.00 and gave the company an “in-line” rating in a report on Monday, March 18th. BMO Capital Markets boosted their price target on NRG Energy from $58.00 to $59.00 and gave the company a “market perform” rating in a report on Thursday, February 29th. StockNews.com upgraded NRG Energy from a “sell” rating to a “hold” rating in a report on Wednesday, March 6th. Finally, Citigroup upped their target price on NRG Energy from $52.00 to $62.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $59.50.

NRG Energy Stock Performance

NYSE:NRG opened at $73.97 on Monday. The company has a debt-to-equity ratio of 4.49, a current ratio of 1.02 and a quick ratio of 0.96. The business has a fifty day simple moving average of $65.61 and a two-hundred day simple moving average of $54.60. NRG Energy has a 1 year low of $30.52 and a 1 year high of $76.54. The company has a market capitalization of $15.88 billion, a P/E ratio of -69.13 and a beta of 1.13.

Institutional Investors Weigh In On NRG Energy

Large investors have recently made changes to their positions in the company. LifeSteps Financial Inc. bought a new stake in shares of NRG Energy during the 1st quarter valued at about $31,000. Mather Group LLC. purchased a new position in NRG Energy in the 1st quarter worth approximately $33,000. Authentikos Wealth Advisory LLC purchased a new position in NRG Energy in the 3rd quarter worth approximately $41,000. CENTRAL TRUST Co lifted its holdings in NRG Energy by 1,005.5% in the 4th quarter. CENTRAL TRUST Co now owns 807 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 734 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in NRG Energy by 35.4% in the 4th quarter. Blue Trust Inc. now owns 865 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 226 shares in the last quarter. 97.72% of the stock is currently owned by institutional investors.

Insider Activity at NRG Energy

In other news, VP Rasesh M. Patel sold 49,092 shares of the firm’s stock in a transaction on 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 transaction, the vice president now directly owns 356,962 shares in the company, valued at approximately $22,342,251.58. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.61% of the stock is currently owned by insiders.

NRG Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be given a $0.4075 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $1.63 annualized dividend and a yield of 2.20%. NRG Energy’s dividend payout ratio (DPR) is presently -152.34%.

NRG Energy Company Profile

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.