NRG Energy (NYSE:NRG) Issues Earnings Results

NRG Energy (NYSE:NRG - Get Free Report) released its quarterly earnings results on Monday. The utilities provider reported $2.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $1.90, Zacks reports. NRG Energy had a return on equity of 48.96% and a net margin of 3.43%. The firm had revenue of $8.59 billion for the quarter, compared to analyst estimates of $8.28 billion. During the same quarter last year, the company posted $2.31 earnings per share. The business's revenue was up 15.6% on a year-over-year basis. NRG Energy updated its FY 2025 guidance to 6.750-7.750 EPS.

NRG Energy Stock Up 0.8%

Shares of NYSE NRG traded up $1.21 during trading on Thursday, hitting $155.02. 4,023,758 shares of the company traded hands, compared to its average volume of 3,016,035. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17. NRG Energy has a fifty-two week low of $65.11 and a fifty-two week high of $158.66. The firm has a market capitalization of $31.57 billion, a price-to-earnings ratio of 38.95, a P/E/G ratio of 1.01 and a beta of 1.00. The business's fifty day moving average is $103.10 and its 200 day moving average is $100.03.

NRG Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a $0.44 dividend. The ex-dividend date is Thursday, May 1st. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.14%. NRG Energy's dividend payout ratio (DPR) is currently 28.39%.

Institutional Trading of NRG Energy

An institutional investor recently raised its position in NRG Energy stock. Brighton Jones LLC increased its stake in NRG Energy, Inc. (NYSE:NRG - Free Report) by 41.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,187 shares of the utilities provider's stock after acquiring an additional 1,528 shares during the period. Brighton Jones LLC's holdings in NRG Energy were worth $468,000 as of its most recent SEC filing. Institutional investors own 97.72% of the company's stock.

Wall Street Analysts Forecast Growth

NRG has been the topic of a number of recent analyst reports. Morgan Stanley increased their price target on NRG Energy from $86.00 to $99.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 19th. Wells Fargo & Company boosted their price target on NRG Energy from $165.00 to $200.00 and gave the company an "overweight" rating in a report on Tuesday. BMO Capital Markets restated a "market perform" rating and issued a $167.00 target price (up previously from $115.00) on shares of NRG Energy in a research report on Wednesday. Guggenheim lifted their target price on NRG Energy from $138.00 to $173.00 and gave the stock a "buy" rating in a report on Tuesday. Finally, The Goldman Sachs Group initiated coverage on NRG Energy in a research note on Friday, April 4th. They issued a "buy" rating and a $129.00 price objective for the company. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $140.75.

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.