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

NRG Energy (NYSE:NRG) issued an update on its FY 2024 earnings guidance on Monday morning. 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.

NRG Energy Stock Performance

NYSE NRG opened at $91.46 on Thursday. The company has a 50-day simple moving average of $87.92 and a two-hundred day simple moving average of $82.18. NRG Energy has a 12-month low of $44.90 and a 12-month high of $102.84. The firm has a market cap of $18.53 billion, a price-to-earnings ratio of 23.24, a PEG ratio of 1.35 and a beta of 1.10. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be given a dividend of $0.4075 per share. The ex-dividend date is Friday, November 1st. This represents a $1.63 annualized dividend and a yield of 1.78%. NRG Energy’s payout ratio is 40.95%.

Analyst Ratings Changes

Several brokerages have weighed in on NRG. Guggenheim boosted their price objective on NRG Energy from $77.00 to $118.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Citigroup increased their price target on shares of NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Wells Fargo & Company boosted their price objective on shares of NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday. StockNews.com lowered shares of NRG Energy from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Finally, 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 target on the stock. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $97.43.

Insiders Place Their Bets

In other news, insider Rasesh M. Patel sold 102,603 shares of the firm’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 completion of the transaction, the insider now owns 163,680 shares in the company, valued at $13,151,688. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.86% of the stock is currently owned by company insiders.

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.