NRG Yield Given Consensus Recommendation of “Hold” by Analysts (NASDAQ:NYLD)
NRG Yield (NASDAQ:NYLD) has been given an average recommendation of “Hold” by the nine ratings firms that are presently covering the company, Stock Ratings Network reports. Five research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $43.12.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of NRG Yield from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 8th. They now have a $45.60 price target on the stock. Separately, analysts at Morgan Stanley initiated coverage on shares of NRG Yield in a research note on Thursday, April 3rd. They set an “overweight” rating and a $49.00 price target on the stock. Finally, analysts at Barclays initiated coverage on shares of NRG Yield in a research note on Wednesday, April 2nd. They set an “equal weight” rating and a $41.00 price target on the stock.
NRG Yield (NASDAQ:NYLD) traded up 0.81% during mid-day trading on Monday, hitting $43.51. The stock had a trading volume of 25,350 shares. NRG Yield has a 52-week low of $26.50 and a 52-week high of $44.51. The stock has a 50-day moving average of $42.59 and a 200-day moving average of $38.81. The company has a market cap of $979.5 million and a P/E ratio of 161.65.
NRG Yield (NASDAQ:NYLD) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.17 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.17. The company had revenue of $110.00 million for the quarter, compared to the consensus estimate of $91.82 million. On average, analysts predict that NRG Yield will post $1.11 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend is Thursday, May 29th. This is a positive change from NRG Yield’s previous quarterly dividend of $0.33.
NRG Yield, Inc serves 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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