NRG Yield Inc (NYLD) Plans Quarterly Dividend of $0.33
NRG Yield (NASDAQ:NYLD) declared a quarterly dividend on Thursday, January 30th, American Banking and Market News reports. Stockholders of record on Monday, March 3rd will be given a dividend of 0.33 per share on Monday, March 17th. This represents a $1.32 dividend on an annualized basis and a yield of 3.47%.
A number of research firms have recently commented on NYLD. Analysts at Deutsche Bank raised their price target on shares of NRG Yield from $29.00 to $39.00 in a research note to investors on Friday, January 10th. They now have a “hold” rating on the stock. On the ratings front, analysts at Zacks upgraded shares of NRG Yield from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, January 3rd. They now have a $43.60 price target on the stock. Finally, analysts at Citigroup Inc. downgraded shares of NRG Yield from a “buy” rating to a “neutral” rating in a research note to investors on Friday, January 3rd. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $37.93.
Shares of NRG Yield (NASDAQ:NYLD) traded up 1.10% during mid-day trading on Thursday, hitting $38.49. The stock had a trading volume of 120,442 shares. NRG Yield has a 52-week low of $26.50 and a 52-week high of $41.18. The stock’s 50-day moving average is $38.88 and its 200-day moving average is $33.35. The company has a market cap of $866.4 million and a price-to-earnings ratio of 23.81.
NRG Yield (NASDAQ:NYLD) last announced its earnings results on Tuesday, November 12th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02. The company had revenue of $95.00 million for the quarter, compared to the consensus estimate of $79.74 million. Analysts expect that NRG Yield will post $1.30 EPS for the current fiscal year.
NRG Yield, Inc serve as the primary vehicle, through which NRG Energy, Inc will own, operate and acquire contracted renewable and conventional generation and thermal infrastructure assets.
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