Deutsche Bank AG cut shares of NRG Yield, Inc. (NYSE:NYLD) from a buy rating to a hold rating in a research note published on Tuesday, MarketBeat reports. They currently have $18.00 price target on the utilities provider’s stock, down from their prior price target of $19.00.

A number of other equities research analysts have also recently weighed in on NYLD. BidaskClub cut shares of NRG Yield from a strong-buy rating to a buy rating in a research report on Thursday, June 22nd. Zacks Investment Research raised shares of NRG Yield from a strong sell rating to a hold rating in a research note on Friday, March 31st. Williams Capital reissued a buy rating on shares of NRG Yield in a research note on Thursday, June 1st. Finally, Barclays PLC reissued an overweight rating and issued a $24.00 price objective (up previously from $20.00) on shares of NRG Yield in a research note on Sunday, April 23rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. NRG Yield presently has an average rating of Hold and a consensus price target of $20.00.

NRG Yield (NYSE NYLD) traded down 0.27% during midday trading on Tuesday, reaching $18.45. 1,096,385 shares of the company’s stock traded hands. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 36.90 and a beta of 2.55. The firm’s 50-day moving average is $17.68 and its 200-day moving average is $17.26. NRG Yield has a 1-year low of $13.98 and a 1-year high of $18.70.

NRG Yield (NYSE:NYLD) last announced its quarterly earnings results on Tuesday, May 2nd. The utilities provider reported ($0.03) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.03). NRG Yield had a net margin of 5.00% and a return on equity of 2.01%. The business had revenue of $218 million during the quarter, compared to analysts’ expectations of $195.91 million. During the same period last year, the business earned $0.33 earnings per share. Analysts forecast that NRG Yield will post $0.93 earnings per share for the current year.

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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Capital Advisors Inc. OK raised its position in NRG Yield by 15.3% in the first quarter. Capital Advisors Inc. OK now owns 656,561 shares of the utilities provider’s stock valued at $11,621,000 after buying an additional 87,053 shares during the last quarter. GCA Investment Management LLC increased its position in shares of NRG Yield by 50.6% in the first quarter. GCA Investment Management LLC now owns 626,324 shares of the utilities provider’s stock worth $11,086,000 after buying an additional 210,382 shares in the last quarter. Blackstart Capital LP increased its position in shares of NRG Yield by 90.1% in the first quarter. Blackstart Capital LP now owns 434,489 shares of the utilities provider’s stock worth $7,690,000 after buying an additional 205,956 shares in the last quarter. First Trust Advisors LP increased its position in shares of NRG Yield by 109.7% in the first quarter. First Trust Advisors LP now owns 224,725 shares of the utilities provider’s stock worth $3,978,000 after buying an additional 117,541 shares in the last quarter. Finally, Mcclain Value Management LLC increased its position in shares of NRG Yield by 33.4% in the first quarter. Mcclain Value Management LLC now owns 191,096 shares of the utilities provider’s stock worth $3,382,000 after buying an additional 47,894 shares in the last quarter. 32.27% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for NRG Yield (NYSE:NYLD)

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