NRG Energy, Inc. (NYSE:NRG - Free Report) - Research analysts at Seaport Res Ptn raised their FY2028 earnings per share (EPS) estimates for NRG Energy in a research report issued on Monday, April 28th. Seaport Res Ptn analyst A. Storozynski now anticipates that the utilities provider will earn $10.45 per share for the year, up from their prior forecast of $10.08. The consensus estimate for NRG Energy's current full-year earnings is $6.36 per share.
A number of other brokerages also recently issued reports on NRG. Morgan Stanley increased their price objective on shares of NRG Energy from $86.00 to $99.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 19th. Evercore ISI upgraded shares of NRG Energy from an "in-line" rating to an "outperform" rating and increased their price target for the stock from $74.00 to $126.00 in a research report on Tuesday, January 21st. Guggenheim boosted their price objective on shares of NRG Energy from $134.00 to $145.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. StockNews.com lowered NRG Energy from a "buy" rating to a "hold" rating in a research note on Saturday, March 8th. Finally, BMO Capital Markets upped their price objective on NRG Energy from $100.00 to $115.00 and gave the stock a "market perform" rating in a research report on Monday, March 3rd. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $124.00.
Read Our Latest Stock Analysis on NRG
NRG Energy Price Performance
Shares of NRG traded up $2.41 during trading hours on Wednesday, hitting $116.55. 2,207,630 shares of the company were exchanged, compared to its average volume of 3,028,914. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57. NRG Energy has a fifty-two week low of $65.11 and a fifty-two week high of $117.90. The company has a market cap of $23.74 billion, a price-to-earnings ratio of 29.28, a P/E/G ratio of 1.01 and a beta of 1.10. The firm's fifty day moving average is $98.11 and its 200 day moving average is $97.61.
Hedge Funds Weigh In On NRG Energy
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Key Financial Inc bought a new stake in shares of NRG Energy in the first quarter worth $30,000. SBI Securities Co. Ltd. acquired a new stake in shares of NRG Energy in the fourth quarter valued at about $32,000. Mizuho Bank Ltd. bought a new position in shares of NRG Energy during the fourth quarter worth about $41,000. UMB Bank n.a. raised its position in shares of NRG Energy by 100.4% during the fourth quarter. UMB Bank n.a. now owns 455 shares of the utilities provider's stock worth $41,000 after acquiring an additional 228 shares during the last quarter. Finally, Princeton Global Asset Management LLC lifted its stake in shares of NRG Energy by 414.9% in the fourth quarter. Princeton Global Asset Management LLC now owns 484 shares of the utilities provider's stock worth $44,000 after acquiring an additional 390 shares during the period. 97.72% of the stock is currently owned by institutional investors and hedge funds.
NRG Energy Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given a dividend of $0.44 per share. The ex-dividend date is Thursday, May 1st. This represents a $1.76 annualized dividend and a yield of 1.51%. NRG Energy's dividend payout ratio is presently 35.92%.
About NRG Energy
(
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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.
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