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

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

Analysts Set New Price Targets

A number of research analysts have recently weighed in on NRG shares. 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 initiated coverage on NRG Energy in a report on Friday, September 13th. They set a “hold” rating and a $82.00 price objective for the company. Citigroup boosted their target price on NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. StockNews.com downgraded NRG Energy from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Finally, Wells Fargo & Company boosted their price objective on NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $97.43.

NRG Energy Stock Performance

Shares of NRG opened at $91.46 on Thursday. 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 stock has a market capitalization of $18.53 billion, a price-to-earnings ratio of 23.24, a price-to-earnings-growth ratio of 1.35 and a beta of 1.10. NRG Energy has a 52-week low of $44.90 and a 52-week high of $102.84. The stock’s 50-day simple moving average is $87.92 and its 200 day simple moving average is $82.18.

NRG Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be given a $0.4075 dividend. The ex-dividend date is Friday, November 1st. This represents a $1.63 dividend on an annualized basis and a dividend yield of 1.78%. NRG Energy’s dividend payout ratio (DPR) is currently 40.95%.

Insider Buying and Selling

In related news, insider Rasesh M. Patel sold 102,603 shares of the stock in a transaction 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 approximately $13,151,688. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.86% of the stock is currently owned by insiders.

About NRG Energy

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.