Seaport Res Ptn Reduces Earnings Estimates for NRG Energy

NRG Energy, Inc. (NYSE:NRG - Free Report) - Stock analysts at Seaport Res Ptn cut their FY2029 EPS estimates for shares of NRG Energy in a research note issued to investors on Tuesday, June 3rd. Seaport Res Ptn analyst A. Storozynski now anticipates that the utilities provider will earn $14.51 per share for the year, down from their prior estimate of $14.68. The consensus estimate for NRG Energy's current full-year earnings is $6.36 per share.

NRG Energy (NYSE:NRG - Get Free Report) last released its earnings results on Monday, May 12th. The utilities provider reported $2.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $1.90. NRG Energy had a net margin of 3.43% and a return on equity of 48.96%. The business had revenue of $8.59 billion for the quarter, compared to analyst estimates of $8.28 billion. During the same quarter in the previous year, the business earned $2.31 earnings per share. NRG Energy's revenue for the quarter was up 15.6% on a year-over-year basis.

NRG has been the subject of a number of other reports. Morgan Stanley lifted their target price on NRG Energy from $86.00 to $99.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 19th. Guggenheim raised their price objective on shares of NRG Energy from $138.00 to $173.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. The Goldman Sachs Group began coverage on shares of NRG Energy in a research report on Friday, April 4th. They set a "buy" rating and a $129.00 target price on the stock. Jefferies Financial Group increased their target price on shares of NRG Energy from $113.00 to $132.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Finally, Wall Street Zen downgraded shares of NRG Energy from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $140.75.

NRG Energy Trading Down 0.1%

Shares of NYSE:NRG traded down $0.09 during midday trading on Thursday, reaching $155.94. The company's stock had a trading volume of 2,327,743 shares, compared to its average volume of 2,997,783. NRG Energy has a fifty-two week low of $65.11 and a fifty-two week high of $162.33. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17. The firm has a 50 day moving average price of $122.83 and a two-hundred day moving average price of $107.30. The firm has a market capitalization of $30.49 billion, a price-to-earnings ratio of 39.18, a PEG ratio of 1.01 and a beta of 1.13.

NRG Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were issued a dividend of $0.44 per share. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $1.76 annualized dividend and a yield of 1.13%. NRG Energy's payout ratio is 28.39%.

Insider Buying and Selling at NRG Energy

In other NRG Energy news, Director Kevin Howell sold 50,000 shares of the business's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $154.50, for a total transaction of $7,725,000.00. Following the completion of the sale, the director now directly owns 55,427 shares of the company's stock, valued at approximately $8,563,471.50. The trade was a 47.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.61% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Horizon Investments LLC boosted its holdings in NRG Energy by 3.0% during the 1st quarter. Horizon Investments LLC now owns 2,908 shares of the utilities provider's stock worth $276,000 after acquiring an additional 86 shares during the last quarter. Mather Group LLC. lifted its position in shares of NRG Energy by 12.1% during the first quarter. Mather Group LLC. now owns 900 shares of the utilities provider's stock valued at $86,000 after purchasing an additional 97 shares in the last quarter. Cullen Frost Bankers Inc. boosted its holdings in NRG Energy by 13.0% during the first quarter. Cullen Frost Bankers Inc. now owns 904 shares of the utilities provider's stock worth $86,000 after purchasing an additional 104 shares during the last quarter. Private Trust Co. NA grew its position in NRG Energy by 8.7% in the 1st quarter. Private Trust Co. NA now owns 1,482 shares of the utilities provider's stock worth $141,000 after purchasing an additional 119 shares in the last quarter. Finally, Schechter Investment Advisors LLC increased its stake in NRG Energy by 0.8% in the 4th quarter. Schechter Investment Advisors LLC now owns 15,916 shares of the utilities provider's stock valued at $1,436,000 after buying an additional 120 shares during the last quarter. Hedge funds and other institutional investors own 97.72% of the company's stock.

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.