NRG Yield Sees Unusually-High Trading Volume Following Analyst Upgrade (NYLD)
NRG Yield (NASDAQ:NYLD) saw strong trading volume on Thursday after Barclays raised their price target on the stock from $45.00 to $49.00, Stock Ratings News reports. 1,226,538 shares changed hands during trading, an increase of 163% from the previous session’s volume of 466,080 shares.The stock last traded at $51.70 and had previously closed at $49.07.
Several other analysts have also 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. 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 issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $46.92.
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 $1.151 billion and a price-to-earnings ratio of 183.78.
NRG Yield (NASDAQ:NYLD) last released its earnings data on Tuesday, May 6th. The company reported $0.17 EPS for the quarter, meeting the Thomson Reuters 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. Analysts expect that NRG Yield will post $1.29 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 16th. Investors 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 2.85%. The ex-dividend date of this dividend is Thursday, May 29th. This is an increase 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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