NRG Yield Receives Average Rating of “Buy” from Analysts (NASDAQ:NYLD)
NRG Yield (NASDAQ:NYLD) has received an average rating of “Buy” from the eight brokerages that are presently covering the company, Stock Ratings Network reports. Three equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $50.00.
NRG Yield (NASDAQ:NYLD) opened at 52.76 on Wednesday. NRG Yield has a one year low of $27.25 and a one year high of $55.15. The stock’s 50-day moving average is $51.90 and its 200-day moving average is $44.32. The company’s market cap is $1.217 billion.
NRG Yield (NASDAQ:NYLD) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.05. The company had revenue of $134.00 million for the quarter, compared to the consensus estimate of $108.12 million. On average, analysts predict that NRG Yield will post $1.63 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $0.365 per share. This represents a $1.46 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend is Thursday, August 28th. This is a positive change from NRG Yield’s previous quarterly dividend of $0.35.
A number of analysts have recently weighed in on NYLD shares. Analysts at Deutsche Bank initiated coverage on shares of NRG Yield in a research note on Monday, July 28th. They set a “buy” rating on the stock. Separately, analysts at Morgan Stanley reiterated an “overweight” rating on shares of NRG Yield in a research note on Thursday, June 5th. They now have a $60.00 price target on the stock, up previously from $52.00. Finally, analysts at Barclays raised their price target on shares of NRG Yield from $45.00 to $49.00 in a research note on Thursday, June 5th.
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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