NRG Yield, Inc. (NYSE:NYLD) was downgraded by BidaskClub from a “strong-buy” rating to a “buy” rating in a report released on Tuesday.

NYLD has been the topic of a number of other reports. Zacks Investment Research downgraded NRG Yield from a “hold” rating to a “strong sell” rating in a research report on Friday, June 9th. Deutsche Bank AG lowered NRG Yield from a “buy” rating to a “hold” rating and dropped their price target for the company from $19.00 to $18.00 in a research note on Tuesday, July 18th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $17.00 price target on shares of NRG Yield in a report on Monday, July 31st. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $20.00.

NRG Yield (NYSE NYLD) remained flat at $18.95 during mid-day trading on Tuesday. The company had a trading volume of 741,756 shares. NRG Yield has a 52-week low of $13.98 and a 52-week high of $20.00. The company’s 50-day moving average is $19.05 and its 200-day moving average is $19.05. The stock has a market cap of $1.86 billion, a P/E ratio of 41.29 and a beta of 2.57.

NRG Yield (NYSE:NYLD) last released its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.28 EPS for the quarter, beating the consensus estimate of $0.27 by $0.01. The business had revenue of $284.00 million during the quarter, compared to the consensus estimate of $297.66 million. NRG Yield had a net margin of 4.47% and a return on equity of 1.89%. The business’s revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.29 EPS. On average, analysts anticipate that NRG Yield will post $0.93 EPS for the current year.

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Several hedge funds and other institutional investors have recently made changes to their positions in NYLD. Beach Investment Management LLC. lifted its holdings in shares of NRG Yield by 1,025.8% in the 2nd quarter. Beach Investment Management LLC. now owns 1,373,543 shares of the utilities provider’s stock valued at $24,174,000 after acquiring an additional 1,251,533 shares during the last quarter. Blackstart Capital LP raised its position in NRG Yield by 90.1% during the first quarter. Blackstart Capital LP now owns 434,489 shares of the utilities provider’s stock valued at $7,690,000 after purchasing an additional 205,956 shares during the period. GCA Investment Management LLC raised its position in NRG Yield by 25.3% during the second quarter. GCA Investment Management LLC now owns 784,524 shares of the utilities provider’s stock valued at $13,808,000 after purchasing an additional 158,200 shares during the period. Point72 Asset Management L.P. purchased a new stake in NRG Yield during the first quarter valued at approximately $2,779,000. Finally, Rare Infrastructure Ltd raised its position in NRG Yield by 20.0% during the second quarter. Rare Infrastructure Ltd now owns 891,333 shares of the utilities provider’s stock valued at $15,688,000 after purchasing an additional 148,338 shares during the period. Hedge funds and other institutional investors own 28.28% 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.

Analyst Recommendations for NRG Yield (NYSE:NYLD)

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