NRG Yield Given New $49.00 Price Target at Barclays (NYLD)
Equities research analysts at Barclays boosted their price objective on shares of NRG Yield (NASDAQ:NYLD) from $45.00 to $49.00 in a research note issued to investors on Thursday. Barclays’ price objective indicates a potential downside of 0.14% from the stock’s previous close.
A number of other analysts have also recently weighed in on NYLD. 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. 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. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $46.92.
NRG Yield (NASDAQ:NYLD) traded up 4.26% during mid-day trading on Thursday, hitting $51.16. 1,172,219 shares of the company’s stock traded hands. NRG Yield has a one year low of $26.50 and a one year high of $49.49. The stock’s 50-day moving average is $43.94 and its 200-day moving average is $39.82. The company has a market cap of $1.152 billion and a P/E ratio of 183.78.
NRG Yield (NASDAQ:NYLD) last released its earnings data on Tuesday, May 6th. The company reported $0.17 earnings per share (EPS) for the quarter, meeting the 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 $1.29 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.85%. The ex-dividend date is Thursday, May 29th. This is a boost 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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