NRG Yield Inc. (NYSE:NYLD)‘s stock had its “buy” rating reissued by Deutsche Bank AG in a note issued to investors on Wednesday.

Several other brokerages have also issued reports on NYLD. Zacks Investment Research upgraded NRG Yield from a “sell” rating to a “hold” rating in a research report on Thursday, August 11th. Avondale Partners lowered NRG Yield from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 10th. Barclays PLC dropped their target price 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. Finally, Oppenheimer Holdings Inc. began coverage on shares of NRG Yield in a research note on Thursday, September 8th. They set a “market perform” rating for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $18.20.

Analyst Recommendations for NRG Yield (NYSE:NYLD)

Shares of NRG Yield (NYSE:NYLD) traded up 3.44% during mid-day trading on Wednesday, reaching $17.72. The company’s stock had a trading volume of 608,250 shares. The firm has a market cap of $1.73 billion, a PE ratio of 27.14 and a beta of 2.64. NRG Yield has a one year low of $10.49 and a one year high of $18.56. The firm’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 announced its earnings results on Tuesday, August 9th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by $0.32. NRG Yield had a net margin of 7.48% and a return on equity of 2.71%. The business had revenue of $258 million for the quarter, compared to analysts’ expectations of $274.02 million. During the same quarter last year, the firm earned ($0.07) EPS. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. On average, equities analysts anticipate that NRG Yield will post $0.93 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were paid a $0.24 dividend. This is an increase from NRG Yield’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $0.96 dividend on an annualized basis and a yield of 5.60%. NRG Yield’s payout ratio is 139.13%.

Institutional investors have recently modified their holdings of the company. Cubist Systematic Strategies LLC increased 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 period. Tower Research Capital LLC TRC purchased a new position in NRG Yield during the second quarter valued at about $107,000. Bessemer Group Inc. purchased a new position in NRG Yield during the first quarter valued at about $155,000. Quotient Investors LLC purchased a new position in NRG Yield during the second quarter valued at about $193,000. Finally, Squarepoint Ops LLC purchased a new position in NRG Yield during the first quarter valued at about $184,000. 31.48% of the stock is owned by institutional investors.

About NRG Yield

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.

5 Day Chart for NYSE:NYLD

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