Zacks Investment Research cut shares of NRG Yield Inc. (NYSE:NYLD) from a hold rating to a sell rating in a research note released on Wednesday.

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 research analysts also recently issued research reports about the company. Avondale Partners downgraded NRG Yield from an outperform rating to a market perform rating in a report on Wednesday, August 10th. Barclays PLC reduced their target price on NRG Yield from $20.00 to $19.00 and set an overweight rating on the stock in a report on Wednesday, August 10th. Deutsche Bank AG reiterated a buy rating on shares of NRG Yield in a report on Wednesday, August 10th. Finally, Oppenheimer Holdings Inc. assumed coverage on NRG Yield in a report on Thursday, September 8th. They set a market perform rating on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $18.20.

Shares of NRG Yield (NYSE:NYLD) opened at 16.70 on Wednesday. The company’s 50-day moving average price is $17.47 and its 200-day moving average price is $15.73. NRG Yield has a one year low of $10.49 and a one year high of $18.56. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 25.57 and a beta of 2.64.

NRG Yield (NYSE:NYLD) last posted its earnings results on Tuesday, August 9th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by $0.32. NRG Yield had a return on equity of 2.71% and a net margin of 7.48%. The firm had revenue of $258 million for the quarter, compared to analysts’ expectations of $274.02 million. During the same quarter last year, the company posted ($0.07) EPS. The firm’s revenue was up 9.8% on a year-over-year basis. On average, equities research analysts predict that NRG Yield will post $0.93 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were paid a $0.24 dividend. The ex-dividend date was Tuesday, August 30th. This represents a $0.96 annualized dividend and a dividend yield of 5.75%. This is an increase from NRG Yield’s previous quarterly dividend of $0.23. NRG Yield’s dividend payout ratio is presently 139.13%.

Hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC acquired a new position in NRG Yield during the second quarter valued at about $107,000. Cubist Systematic Strategies LLC boosted its position in NRG Yield by 225.0% in the second quarter. Cubist Systematic Strategies LLC now owns 7,760 shares of the company’s stock valued at $121,000 after buying an additional 5,372 shares during the period. Bessemer Group Inc. acquired a new position in NRG Yield during the first quarter valued at about $155,000. Squarepoint Ops LLC acquired a new position in NRG Yield during the first quarter valued at about $184,000. Finally, Quotient Investors LLC acquired a new position in NRG Yield during the second quarter valued at about $193,000. Institutional investors own 31.48% 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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