NRG Yield, Inc. (NYLD) Receives Consensus Rating of “Buy” from Analysts
Shares of NRG Yield, Inc. (NYSE:NYLD) have been given an average rating of “Buy” by the eleven analysts that are presently covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $20.00.
Several research analysts have commented on the company. BidaskClub downgraded NRG Yield from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $17.00 price target on shares of NRG Yield in a research report on Monday, July 31st. Zacks Investment Research raised NRG Yield from a “sell” rating to a “hold” rating in a research report on Tuesday. Deutsche Bank AG downgraded NRG Yield from a “buy” rating to a “hold” rating and dropped their price target for the stock from $19.00 to $18.00 in a research report on Tuesday, July 18th. Finally, Williams Capital reaffirmed a “buy” rating on shares of NRG Yield in a research report on Thursday, June 1st.
Hedge funds have recently added to or reduced their stakes in the stock. Pacad Investment Ltd. boosted its stake in NRG Yield by 82.5% in the second quarter. Pacad Investment Ltd. now owns 7,300 shares of the utilities provider’s stock worth $128,000 after buying an additional 3,300 shares in the last quarter. Suntrust Banks Inc. purchased a new stake in NRG Yield during the second quarter worth about $176,000. WBI Investments Inc. purchased a new stake in NRG Yield during the second quarter worth about $178,000. Sei Investments Co. boosted its stake in NRG Yield by 32.2% in the second quarter. Sei Investments Co. now owns 11,515 shares of the utilities provider’s stock worth $202,000 after buying an additional 2,807 shares in the last quarter. Finally, OTA Financial Group L.P. purchased a new stake in NRG Yield during the first quarter worth about $213,000. Institutional investors and hedge funds own 32.40% of the company’s stock.
NRG Yield (NYSE NYLD) opened at 18.55 on Friday. The stock’s 50 day moving average price is $18.08 and its 200 day moving average price is $17.52. The stock has a market capitalization of $1.82 billion, a PE ratio of 40.41 and a beta of 2.57. NRG Yield has a 1-year low of $13.98 and a 1-year high of $19.05.
NRG Yield (NYSE:NYLD) last issued its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.01. The company had revenue of $284 million for the quarter, compared to the consensus estimate of $297.66 million. NRG Yield had a return on equity of 1.89% and a net margin of 4.47%. The company’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the previous year, the business posted $0.29 EPS. Equities research analysts forecast that NRG Yield will post $0.93 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This is a boost from NRG Yield’s previous quarterly dividend of $0.27. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.04%. NRG Yield’s payout ratio is currently 240.00%.
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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