NRG Energy (NYSE:NRG) Updates FY 2024 Earnings Guidance

NRG Energy (NYSE:NRG) updated its FY 2024 earnings guidance on Monday. The company provided EPS guidance of 5.950-6.750 for the period, compared to the consensus EPS estimate of 6.670. The company issued revenue guidance of -. NRG Energy also updated its FY 2025 guidance to 6.750-7.750 EPS.

Analyst Ratings Changes

NRG has been the topic of a number of recent analyst reports. BMO Capital Markets increased their target price on shares of NRG Energy from $90.00 to $94.00 and gave the company a “market perform” rating in a research report on Tuesday, October 29th. Jefferies Financial Group started coverage on NRG Energy in a research note on Friday, September 13th. They set a “hold” rating and a $82.00 price target on the stock. Wells Fargo & Company increased their price objective on NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Monday. Citigroup upped their target price on shares of NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, Guggenheim increased their price objective on NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $97.43.

NRG Energy Stock Performance

NYSE NRG opened at $92.68 on Wednesday. The stock has a market capitalization of $18.77 billion, a price-to-earnings ratio of 23.29, a PEG ratio of 1.37 and a beta of 1.10. The business’s 50 day moving average is $87.66 and its two-hundred day moving average is $82.11. NRG Energy has a 12-month low of $44.90 and a 12-month high of $102.84. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57.

NRG Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be issued a $0.4075 dividend. This represents a $1.63 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date is Friday, November 1st. NRG Energy’s dividend payout ratio (DPR) is currently 40.95%.

Insider Activity

In related news, insider Rasesh M. Patel sold 102,603 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $80.35, for a total value of $8,244,151.05. Following the sale, the insider now owns 163,680 shares in the company, valued at $13,151,688. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.61% 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.