NRG Energy Inc. (NYSE:NRG) has a beta value of 1.12 and has seen 1.7 million shares traded in the recent trading session. The company, currently valued at $15.39B, closed the recent trade at $73.99 per share which meant it gained $1.22 on the day or 1.67% during that session. The NRG stock price is -1.01% off its 52-week high price of $74.74 and 58.75% above the 52-week low of $30.52. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.52 million shares traded. The 3-month trading volume is 3.71 million shares.
NRG Energy Inc. (NYSE:NRG) trade information
Sporting 1.67% in the green today, the stock has traded in the green over the last five days, when the NRG stock price touched $73.99 or saw a rise of 1.0%. Year-to-date, NRG Energy Inc. shares have moved 43.11%, while the 5-day performance has seen it change 2.75%. Over the past 30 days, the shares of NRG Energy Inc. (NYSE:NRG) have changed 22.39%. Short interest in the company has seen 10.07 million shares shorted with days to cover at 2.1.
NRG Energy Inc. (NRG) estimates and forecasts
Figures show that NRG Energy Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained 86.37% over the past 6 months, with this year growth rate of 24.07%, compared to 6.80% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 107.00% and 61.60% for the next quarter. Revenue growth from the last financial year stood is estimated to be 3.60%.
1 analysts offering their estimates for the company have set an average revenue estimate of $7.64 billion for the current quarter. 1 have an estimated revenue figure of $8.32 billion for the next quarter concluding in Jun 2024. Year-ago sales stood $7.72 billion and $7.73 billion respectively for this quarter and the next, and analysts expect sales will shrink by -1.00% for the current quarter and 7.70% for the next.
Earnings growth for 2024 is a modest -1.81% while over the next 5 years, the company’s earnings are expected to increase by 4.00%.
NRG Dividends
NRG Energy Inc. is expected to release its next earnings report between May 02 and May 06 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.54 at a share yield of 2.08%. The company’s dividend yield has gone up over the past 12 months.
NRG Energy Inc. (NYSE:NRG)’s Major holders
Insiders own 1.46% of the company shares, while shares held by institutions stand at 102.26% with a share float percentage of 103.78%. Investors are also buoyed by the number of investors in a company, with NRG Energy Inc. having a total of 864 institutions that hold shares in the company. The top two institutional holders are Vanguard Group Inc with over 30.06 million shares worth more than $1.12 billion. As of Jun 29, 2023, Vanguard Group Inc held 13.12% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 23.21 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $867.79 million and represent 10.13% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Putnam Large Cap Value Fund and Vanguard Total Stock Market Index Fund. As of Jul 30, 2023, the former fund manager holds about 3.46% shares in the company for having 7.92 million shares of worth $300.89 million while later fund manager owns 7.18 million shares of worth $268.39 million as of Jun 29, 2023, which makes it owner of about 3.13% of company’s outstanding stock.
