FY2027 Earnings Estimate for NRG Energy Issued By Scotiabank

NRG Energy, Inc. (NYSE:NRG) – Scotiabank dropped their FY2027 earnings per share (EPS) estimates for NRG Energy in a note issued to investors on Monday, November 2nd. Scotiabank analyst A. Weisel now forecasts that the utilities provider will post earnings per share of $9.58 for the year, down from their previous forecast of $10.76. Scotiabank has a “Sector Outperform” rating and a $149.00 price objective on the stock. The consensus estimate for NRG Energy’s current full-year earnings is $8.62 per share.

A number of other research firms have also issued reports on NRG. Raymond James Financial set a $152.00 target price on shares of NRG Energy in a research note on Wednesday, October 21st. Jefferies Financial Group set a $131.00 target price on shares of NRG Energy in a research report on Monday, October 19th. Wells Fargo & Company decreased their price target on shares of NRG Energy from $209.00 to $182.00 and set an “overweight” rating for the company in a report on Wednesday, October 28th. UBS Group reaffirmed a “strong-buy” rating and issued a $152.00 price target on shares of NRG Energy in a research report on Wednesday, October 21st. Finally, HSBC initiated coverage on NRG Energy in a research note on Thursday, October 22nd. They issued a “buy” rating and a $179.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, NRG Energy 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 firm has a fifty day simple moving average of $102.52 and a 200-day simple moving average of $134.01. The stock has a market capitalization of $17.03 billion, a price-to-earnings ratio of 21.35 and a beta of 1.22. NRG Energy has a 1-year low of $79.65 and a 1-year high of $189.96.

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

NRG Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Shareholders 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 currently 50.26%.

Insider Buying and Selling at NRG Energy

In other news, CAO Gerald Alfred Spencer sold 1,580 shares of NRG Energy stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $120.93, for a total transaction of $191,069.40. Following the sale, 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 Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.43% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Eurizon Capital SGR S.p.A. increased its holdings in NRG Energy by 222.8% in the 3rd quarter. Eurizon Capital SGR S.p.A. now owns 854,397 shares of the utilities provider’s stock valued at $81,913,000 after buying an additional 589,678 shares during the period. CENTRAL TRUST Co raised its stake in shares of NRG Energy by 6.6% in the 3rd 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 stake in shares of NRG Energy by 10.5% in the 3rd 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 holdings in shares of NRG Energy by 14.3% during the 3rd quarter. Maryland State Retirement & Pension System now owns 12,282 shares of the utilities provider’s stock worth $1,175,000 after acquiring an additional 1,533 shares during the period. Finally, Ritholtz Wealth Management bought a new position in shares of NRG Energy during the 3rd quarter worth about $251,000. 97.72% of the stock is currently owned by institutional investors and hedge funds.

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.