FY2027 Earnings Estimate for NRG Energy Issued By Scotiabank

Key Points

• Scotiabank lowered its FY2027 EPS forecast for NRG Energy to $9.58 from $10.76, while maintaining a Sector Outperform rating and a $149 price target. The estimate remains above the current-year consensus EPS of $8.62.
• Analyst sentiment is broadly positive: MarketBeat reports a Moderate Buy consensus and an average price target of $173.56, with 13 analysts rating the stock Buy or Strong Buy and four rating it Hold.
• NRG shares opened at $80.70, near their 52-week low of $79.65 and well below their 52-week high of $189.96. Its latest reported quarter missed EPS expectations ($1.49 versus $1.69), though revenue rose 11% year over year.

NRG Energy, Inc. (NYSE:NRG - Free Report) - Scotiabank dropped their FY2027 earnings per share estimates for shares of NRG Energy in a research report issued to clients and investors on Monday, November 2nd. Scotiabank analyst A. Weisel now forecasts that the utilities provider will post earnings of $9.58 per share for the year, down from their prior estimate of $10.76. Scotiabank currently has a "Sector Outperform" rating and a $149.00 target price on the stock. The consensus estimate for NRG Energy's current full-year earnings is $8.62 per share.

Several other research firms have also weighed in on NRG. Seaport Research Partners set a $160.00 price objective on shares of NRG Energy in a research report on Monday, October 19th. Evercore reiterated an "outperform" rating and issued a $195.00 target price on shares of NRG Energy in a report on Wednesday, August 5th. Zacks Research raised shares of NRG Energy from a "strong sell" rating to a "hold" rating in a research note on Tuesday, October 27th. HSBC assumed coverage on shares of NRG Energy in a report on Thursday, October 22nd. They set a "buy" rating and a $179.00 target price for the company. Finally, Williams Trading set a $165.00 price target on shares of NRG Energy in a research report on Wednesday, October 21st. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $173.56.

NRG Energy Price Performance

Shares of NRG Energy stock opened at $80.70 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.89 and a debt-to-equity ratio of 5.17. The company's 50-day moving average price is $102.52 and its two-hundred day moving average price is $134.01. NRG Energy has a 52 week low of $79.65 and a 52 week high of $189.96. The stock has a market cap of $17.03 billion, a PE ratio of 21.35 and a beta of 1.22.

NRG Energy (NYSE:NRG - Get Free Report) last announced its earnings results on Tuesday, August 4th. The utilities provider reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.69 by ($0.20). The firm had revenue of $7.48 billion for the quarter, compared to the consensus estimate of $7.31 billion. NRG Energy had a net margin of 2.56% and a return on equity of 52.95%. The company's quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.73 EPS.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Eurizon Capital SGR S.p.A. increased its position in NRG Energy by 222.8% during the third quarter. Eurizon Capital SGR S.p.A. now owns 854,397 shares of the utilities provider's stock worth $81,913,000 after buying an additional 589,678 shares during the last quarter. CENTRAL TRUST Co raised its holdings in NRG Energy by 6.6% during the third quarter. CENTRAL TRUST Co now owns 14,029 shares of the utilities provider's stock valued at $1,342,000 after buying an additional 863 shares in the last quarter. Bingham Private Wealth LLC raised its holdings in NRG Energy by 10.5% during the third quarter. Bingham Private Wealth LLC now owns 3,590 shares of the utilities provider's stock valued at $343,000 after buying an additional 340 shares in the last quarter. Maryland State Retirement & Pension System lifted its position in shares of NRG Energy by 14.3% in the third quarter. Maryland State Retirement & Pension System now owns 12,282 shares of the utilities provider's stock worth $1,175,000 after buying an additional 1,533 shares during the last quarter. Finally, Ritholtz Wealth Management acquired a new stake in shares of NRG Energy in the third quarter worth about $251,000. 97.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at NRG Energy

In related news, CAO Gerald Alfred Spencer sold 1,580 shares of NRG Energy stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $120.93, for a total value of $191,069.40. Following the transaction, the chief accounting officer owned 6,213 shares of the company's stock, valued at approximately $751,338.09. This trade represents a 20.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is owned by company insiders.

NRG Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Monday, November 2nd will be given a $0.4750 dividend. The ex-dividend date is Monday, November 2nd. This represents a $1.90 dividend on an annualized basis and a dividend yield of 2.4%. NRG Energy's dividend payout ratio (DPR) is 50.26%.

NRG Energy Company Profile

NRG Energy, Inc is an integrated power and home services company headquartered in Houston, Texas. The company produces and sells electricity through a diverse generation portfolio that includes natural gas, coal, nuclear power, renewable energy and battery storage. NRG serves wholesale and retail energy markets, with operations and customers primarily in the United States and Canada.

Through retail brands including Reliant and Direct Energy, NRG provides electricity, natural gas and related energy products to residential, commercial and industrial customers.

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