NRG Yield, Inc. (NYLD) Rating Increased to Hold at Zacks Investment Research
Zacks Investment Research upgraded shares of NRG Yield, Inc. (NYSE:NYLD) from a sell rating to a hold rating in a research note issued to investors on Tuesday morning.
According to Zacks, “NRG Yield, Inc. acquires, owns and operates contracted renewable and conventional generation as well as thermal infrastructure assets primarily in the United States through its subsidiaries. NRG Yield, Inc. is based in Princeton, New Jersey. “
Other analysts have also recently issued research reports about the stock. BidaskClub cut shares of NRG Yield from a strong-buy rating to a buy rating in a research report on Thursday, June 22nd. Williams Capital reissued a buy rating on shares of NRG Yield in a research report on Thursday, June 1st. Deutsche Bank AG cut shares of NRG Yield from a buy rating to a hold rating and reduced their price target for the stock from $19.00 to $18.00 in a research report on Tuesday, July 18th. Royal Bank Of Canada reissued a hold rating and set a $17.00 price target on shares of NRG Yield in a research report on Monday, July 31st. Finally, Barclays PLC reissued an overweight rating and set a $24.00 price target (up previously from $20.00) on shares of NRG Yield in a research report on Sunday, April 23rd. Six analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. NRG Yield has an average rating of Buy and a consensus target price of $20.00.
NRG Yield (NYSE:NYLD) traded down 0.681% on Tuesday, reaching $18.225. 92,415 shares of the company’s stock were exchanged. NRG Yield has a one year low of $13.98 and a one year high of $19.05. The firm has a 50 day moving average of $17.95 and a 200-day moving average of $17.46. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of 36.450 and a beta of 2.57.
NRG Yield (NYSE:NYLD) last issued its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.01. The business had revenue of $284 million for the quarter, compared to analysts’ expectations of $297.66 million. NRG Yield had a net margin of 4.47% and a return on equity of 1.89%. The business’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.29 earnings per share. Equities research analysts forecast that NRG Yield will post $0.93 EPS for the current fiscal year.
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The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.10%. This is a positive change from NRG Yield’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Wednesday, August 30th. NRG Yield’s dividend payout ratio is presently 240.00%.
Several hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its stake in NRG Yield by 2.6% in the first quarter. Principal Financial Group Inc. now owns 48,488 shares of the utilities provider’s stock worth $858,000 after buying an additional 1,214 shares during the last quarter. Oliver Luxxe Assets LLC raised its position in shares of NRG Yield by 4.8% in the first quarter. Oliver Luxxe Assets LLC now owns 41,072 shares of the utilities provider’s stock valued at $727,000 after buying an additional 1,885 shares in the last quarter. Janus Capital Management LLC raised its position in shares of NRG Yield by 7.1% in the first quarter. Janus Capital Management LLC now owns 28,600 shares of the utilities provider’s stock valued at $506,000 after buying an additional 1,900 shares in the last quarter. Sei Investments Co. raised its position in shares of NRG Yield by 32.2% in the second quarter. Sei Investments Co. now owns 11,515 shares of the utilities provider’s stock valued at $202,000 after buying an additional 2,807 shares in the last quarter. Finally, Pacad Investment Ltd. raised its position in shares of NRG Yield by 82.5% in the second quarter. Pacad Investment Ltd. now owns 7,300 shares of the utilities provider’s stock valued at $128,000 after buying an additional 3,300 shares in the last quarter. Hedge funds and other institutional investors own 32.40% of the company’s stock.
NRG Yield Company Profile
NRG Yield, Inc serves as the primary vehicle, through which NRG Energy, Inc owns, operates and acquires contracted renewable and conventional generation and thermal infrastructure assets. It owns a diversified portfolio of contracted renewable and conventional generation and thermal infrastructure assets in the United States.
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