NRG Energy Inc. (NYSE: NRG) – Suitable For Long Term Buy?

Currently, there are 208.13M common shares owned by the public and among those 203.47M shares have been available to trade.

Insiders at the company have transacted a total of 62 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 55 of these insider trades were purchases, accounting for 84,928 shares. Insider sales of the common stock occurred on 7 occasions, with total insider shares sold totaling 56,769 shares.

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The company’s stock has a 5-day price change of 11.05% and 24.06% over the past three months. NRG shares are trading 16.07% year to date (YTD), with the 12-month market performance up to 78.39% higher. It has a 12-month low price of $30.25 and touched a high of $58.01 over the same period. NRG has an average intraday trading volume of 3.13 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 12.93%, 14.46%, and 40.19% respectively.

Institutional ownership of NRG Energy Inc. (NYSE: NRG) shares accounts for 110.69% of the company’s 208.13M shares outstanding.

It has a market capitalization of $12.48B and a beta (3y monthly) value of 1.10. The earnings-per-share (ttm) stands at -$0.92. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.78% over the week and 2.35% over the month.

Analysts forecast that NRG Energy Inc. (NRG) will achieve an EPS of $1.23 for the current quarter, $1.42 for the next quarter and $6.63 for 2025. The lowest estimate earnings-per-share for the quarter is $0.41 while analysts give the company a high EPS estimate of $1.84. Comparatively, EPS for the current quarter was -$5.82 a year ago. Earnings per share for the fiscal year are expected to decrease by -0.77%, and 19.64% over the next financial year.

Looking at the support for the NRG, a number of firms have released research notes about the stock. Wells Fargo stated their Overweight rating for the stock in a research note on January 23, 2024, with the firm’s price target at $65. UBS coverage for the NRG Energy Inc. (NRG) stock in a research note released on November 06, 2023 offered a Neutral rating with a price target of $46. Guggenheim was of a view on November 01, 2023 that the stock is Buy, while BofA Securities gave the stock Buy rating on March 20, 2023, issuing a price target of $35- $36. BofA Securities on their part issued Neutral rating on December 19, 2022.

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