NRG Yield Inc. (NYLD) Rating Reiterated by Deutsche Bank AG
NRG Yield Inc. (NYSE:NYLD)‘s stock had its “buy” rating reissued by equities researchers at Deutsche Bank AG in a research note issued on Wednesday.
Several other equities analysts also recently weighed in on the company. Zacks Investment Research downgraded NRG Yield from a “buy” rating to a “sell” rating in a research report on Wednesday, July 13th. Barclays PLC dropped their price target on NRG Yield from $20.00 to $19.00 and set an “overweight” rating for the company in a research report on Wednesday, August 10th. Avondale Partners downgraded NRG Yield from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 10th. Finally, Oppenheimer Holdings Inc. started coverage on NRG Yield in a research report on Thursday, September 8th. They issued a “market perform” rating for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $18.20.
Shares of NRG Yield (NYSE:NYLD) traded up 3.44% during trading on Wednesday, hitting $17.72. The stock had a trading volume of 620,309 shares. The company has a market cap of $1.73 billion, a PE ratio of 27.14 and a beta of 2.64. NRG Yield has a 12-month low of $10.49 and a 12-month high of $18.56. The stock’s 50 day moving average is $17.34 and its 200-day moving average is $15.85.
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NRG Yield (NYSE:NYLD) last issued its quarterly earnings data on Tuesday, August 9th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by $0.32. The firm had revenue of $258 million for the quarter, compared to analyst estimates of $274.02 million. NRG Yield had a return on equity of 2.71% and a net margin of 7.48%. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.07) earnings per share. Analysts forecast that NRG Yield will post $0.93 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were issued a $0.24 dividend. The ex-dividend date was Tuesday, August 30th. This represents a $0.96 dividend on an annualized basis and a yield of 5.42%. This is a boost from NRG Yield’s previous quarterly dividend of $0.23. NRG Yield’s dividend payout ratio (DPR) is presently 139.13%.
A number of hedge funds and other institutional investors have recently modified their holdings of NYLD. Tower Research Capital LLC TRC purchased a new position in shares of NRG Yield during the second quarter worth $107,000. Cubist Systematic Strategies LLC boosted its position in shares of NRG Yield by 225.0% in the second quarter. Cubist Systematic Strategies LLC now owns 7,760 shares of the company’s stock worth $121,000 after buying an additional 5,372 shares during the last quarter. Bessemer Group Inc. purchased a new position in shares of NRG Yield during the first quarter worth $155,000. Squarepoint Ops LLC purchased a new position in shares of NRG Yield during the first quarter worth $184,000. Finally, Quotient Investors LLC purchased a new position in shares of NRG Yield during the second quarter worth $193,000. Hedge funds and other institutional investors own 31.48% of the company’s stock.
NRG Yield Company Profile
NRG Yield, Inc serves as the primary vehicle, through which NRG Energy, Inc owns, operates and acquires contracted renewable and conventional generation and thermal infrastructure assets. It owns a diversified portfolio of contracted renewable and conventional generation and thermal infrastructure assets in the United States.
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