NRG Yield, Inc. (NYLD) Receives Average Recommendation of “Hold” from Analysts
NRG Yield, Inc. (NYSE:NYLD) has been assigned an average rating of “Hold” from the eleven brokerages that are currently covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $19.57.
Several research analysts have recently issued reports on the company. Royal Bank Of Canada reissued a “hold” rating and issued a $17.00 price target on shares of NRG Yield in a research note on Wednesday, November 15th. BidaskClub raised NRG Yield from a “hold” rating to a “buy” rating in a research note on Tuesday, November 7th. Zacks Investment Research cut NRG Yield from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Bank of America Corporation assumed coverage on NRG Yield in a research note on Tuesday, October 24th. They issued a “neutral” rating and a $18.00 price target for the company. Finally, Goldman Sachs Group, Inc. (The) cut NRG Yield from a “buy” rating to a “neutral” rating and set a $19.00 target price for the company. in a research note on Wednesday, October 11th.
Hedge funds have recently made changes to their positions in the stock. Migdal Insurance & Financial Holdings Ltd. bought a new position in NRG Yield during the third quarter valued at about $116,000. Pacad Investment Ltd. boosted its stake in NRG Yield by 82.5% during 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. Invictus RG bought a new position in NRG Yield during the third quarter valued at about $135,000. Suntrust Banks Inc. bought a new position in NRG Yield during the second quarter valued at about $176,000. Finally, WBI Investments Inc. bought a new position in NRG Yield during the second quarter valued at about $178,000. 28.09% of the stock is owned by institutional investors and hedge funds.
NRG Yield (NYSE NYLD) opened at $19.70 on Monday. NRG Yield has a 52 week low of $14.60 and a 52 week high of $20.15. The stock has a market capitalization of $3,640.15, a price-to-earnings ratio of 46.90, a PEG ratio of 0.97 and a beta of 2.53. The company has a quick ratio of 0.98, a current ratio of 1.06 and a debt-to-equity ratio of 2.40.
NRG Yield (NYSE:NYLD) last released its quarterly earnings results on Thursday, November 2nd. The utilities provider reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.31). NRG Yield had a return on equity of 1.76% and a net margin of 4.10%. The business had revenue of $265.00 million during the quarter, compared to the consensus estimate of $311.81 million. During the same period in the previous year, the company posted $0.30 EPS. The company’s revenue for the quarter was down 2.6% compared to the same quarter last year. research analysts expect that NRG Yield will post 0.81 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a dividend of $0.288 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.15 annualized dividend and a yield of 5.85%. This is a boost from NRG Yield’s previous quarterly dividend of $0.28. NRG Yield’s dividend payout ratio (DPR) is currently 266.67%.
About NRG Yield
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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