NRG Energy, Inc. (NYSE:NRG) to Post FY2024 Earnings of $6.15 Per Share, Seaport Res Ptn Forecasts

NRG Energy, Inc. (NYSE:NRG) – Analysts at Seaport Res Ptn raised their FY2024 EPS estimates for NRG Energy in a research report issued on Sunday, April 14th. Seaport Res Ptn analyst A. Storozynski now expects that the utilities provider will post earnings of $6.15 per share for the year, up from their previous forecast 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 Energy (NYSE:NRG) last released its quarterly earnings data 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 firm had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $7.51 billion.

Several other brokerages have also commented on NRG. BMO Capital Markets upped their price target on shares of NRG Energy from $58.00 to $59.00 and gave the stock a “market perform” rating in a research report on Thursday, February 29th. Evercore ISI increased their target price on shares of NRG Energy from $55.00 to $65.00 and gave the stock an “in-line” rating in a report on Monday, March 18th. StockNews.com raised shares of NRG Energy from a “sell” rating to a “hold” rating in a report on Wednesday, March 6th. Wells Fargo & Company raised their target price on shares of NRG Energy from $78.00 to $85.00 and gave the company an “overweight” rating in a research note on Monday, March 25th. Finally, 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. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $59.50.

NRG Energy Stock Performance

NYSE:NRG opened at $73.42 on Wednesday. The firm has a 50 day simple moving average of $62.44 and a 200-day simple moving average of $52.67. 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 firm has a market cap of $15.77 billion, a PE ratio of -68.62 and a beta of 1.13. NRG Energy has a 1-year low of $30.52 and a 1-year high of $76.54.

Institutional Investors Weigh In On NRG Energy

Large investors have recently added to or reduced their stakes in the business. Kingswood Wealth Advisors LLC raised its position in shares of NRG Energy by 0.8% during the first quarter. Kingswood Wealth Advisors LLC now owns 23,267 shares of the utilities provider’s stock worth $1,575,000 after acquiring an additional 174 shares during the last quarter. Czech National Bank grew its holdings in NRG Energy by 0.5% during the first quarter. Czech National Bank now owns 39,723 shares of the utilities provider’s stock worth $2,689,000 after buying an additional 181 shares in the last quarter. Savant Capital LLC grew its holdings in NRG Energy by 1.7% during the fourth quarter. Savant Capital LLC now owns 12,749 shares of the utilities provider’s stock worth $659,000 after buying an additional 212 shares in the last quarter. Blue Trust Inc. grew its stake in NRG Energy by 35.4% in the 4th quarter. Blue Trust Inc. now owns 865 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 226 shares during the period. Finally, Point72 Hong Kong Ltd grew its stake in NRG Energy by 2.5% in the 1st quarter. Point72 Hong Kong Ltd now owns 9,537 shares of the utilities provider’s stock valued at $366,000 after purchasing an additional 231 shares during the period. Institutional investors own 97.72% of the company’s stock.

Insider Activity at NRG Energy

In related news, VP Rasesh M. Patel sold 49,092 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 356,962 shares in the company, valued at approximately $22,342,251.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.61% of the stock is owned by insiders.

NRG Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a $0.4075 dividend. This represents a $1.63 dividend on an annualized basis and a dividend yield of 2.22%. 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.