NRG Yield, Inc. (NYLD) Lowered to “Buy” at BidaskClub
BidaskClub downgraded shares of NRG Yield, Inc. (NYSE:NYLD) from a strong-buy rating to a buy rating in a report published on Tuesday.
NYLD has been the subject of several other research reports. Zacks Investment Research upgraded shares of NRG Yield from a sell rating to a hold rating in a report on Tuesday, August 8th. Royal Bank Of Canada reissued a hold rating and set a $17.00 price objective on shares of NRG Yield in a research report on Monday, July 31st. Finally, Deutsche Bank AG lowered shares of NRG Yield from a buy rating to a hold rating and dropped their price objective for the stock from $19.00 to $18.00 in a report on Tuesday, July 18th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $20.00.
Shares of NRG Yield (NYLD) traded down 0.5931% during midday trading on Tuesday, hitting $18.8376. 13,614 shares of the company’s stock were exchanged. The stock has a market cap of $1.85 billion, a PE ratio of 41.0405 and a beta of 2.57. The stock’s 50 day moving average is $19.05 and its 200-day moving average is $19.05. NRG Yield has a 1-year low of $13.98 and a 1-year high of $20.00.
NRG Yield (NYSE:NYLD) last posted its earnings results on Thursday, August 3rd. The utilities provider reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. NRG Yield had a return on equity of 1.89% and a net margin of 4.47%. The business had revenue of $284.00 million during the quarter, compared to analysts’ expectations of $297.66 million. During the same period in the prior year, the business earned $0.29 EPS. NRG Yield’s revenue for the quarter was up .4% compared to the same quarter last year. Analysts predict that NRG Yield will post $0.93 earnings per share for the current fiscal year.
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The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $1.12 dividend on an annualized basis and a yield of 5.91%. This is an increase from NRG Yield’s previous quarterly dividend of $0.27. NRG Yield’s dividend payout ratio is 248.89%.
Several hedge funds and other institutional investors have recently bought and sold shares of NYLD. Pacad Investment Ltd. raised its holdings 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 purchasing an additional 3,300 shares during the last quarter. Suntrust Banks Inc. acquired a new position in NRG Yield during the second quarter worth $176,000. WBI Investments Inc. acquired a new position in NRG Yield during the second quarter worth $178,000. Sei Investments Co. boosted its holdings in NRG Yield by 32.2% during the second quarter. Sei Investments Co. now owns 11,515 shares of the utilities provider’s stock worth $202,000 after purchasing an additional 2,807 shares during the last quarter. Finally, Brookstone Capital Management acquired a new position in NRG Yield during the second quarter worth $284,000. Institutional investors own 28.28% of the company’s stock.
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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