Equities research analysts at Bank of America Corporation started coverage on shares of NRG Yield, Inc. (NYSE:NYLD) in a research report issued on Tuesday. The brokerage set a “neutral” rating and a $18.00 price target on the utilities provider’s stock. Bank of America Corporation’s price target points to a potential downside of 3.49% from the stock’s current price.

NYLD has been the topic of a number of other reports. Goldman Sachs Group, Inc. (The) lowered NRG Yield from a “buy” rating to a “neutral” rating and set a $19.00 price target on the stock. in a report on Wednesday, October 11th. Zacks Investment Research upgraded NRG Yield from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. BidaskClub lowered NRG Yield from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 3rd. Deutsche Bank AG lowered 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 report on Tuesday, July 18th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $17.00 price target on shares of NRG Yield in a report on Monday, July 31st. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $19.75.

NRG Yield (NYSE:NYLD) traded up 0.670% during midday trading on Tuesday, reaching $18.775. The company had a trading volume of 219,059 shares. The stock’s 50 day moving average is $18.91 and its 200 day moving average is $18.12. NRG Yield has a 12-month low of $13.98 and a 12-month high of $20.00. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of 40.904 and a beta of 2.57.

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 Zacks’ consensus estimate of $0.27 by $0.01. The business had revenue of $284.00 million for the quarter, compared to analyst estimates of $297.66 million. NRG Yield had a return on equity of 1.89% and a net margin of 4.47%. NRG Yield’s quarterly revenue was up .4% compared to the same quarter last year. During the same period last year, the company posted $0.29 earnings per share. Equities research analysts expect that NRG Yield will post $0.93 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: “NRG Yield, Inc. (NYLD) Earns Neutral Rating from Analysts at Bank of America Corporation” was posted by American Banking News and is the property of of American Banking News. If you are reading this story on another domain, it was illegally stolen and republished in violation of US & international copyright & trademark laws. The legal version of this story can be read at https://www.americanbankingnews.com/2017/10/24/nrg-yield-inc-nyld-coverage-initiated-at-bank-of-america-corporation.html.

Several institutional investors and hedge funds have recently modified their holdings of NYLD. Beach Investment Management LLC. raised its stake in shares of NRG Yield by 1,025.8% in the second quarter. Beach Investment Management LLC. now owns 1,373,543 shares of the utilities provider’s stock valued at $24,174,000 after buying an additional 1,251,533 shares during the period. GCA Investment Management LLC raised its stake in shares of NRG Yield by 25.3% in the second quarter. GCA Investment Management LLC now owns 784,524 shares of the utilities provider’s stock valued at $13,808,000 after buying an additional 158,200 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of NRG Yield in the first quarter valued at $2,779,000. Rare Infrastructure Ltd raised its stake in shares of NRG Yield by 20.0% in the second quarter. Rare Infrastructure Ltd now owns 891,333 shares of the utilities provider’s stock valued at $15,688,000 after buying an additional 148,338 shares during the period. Finally, Blackstart Capital LP raised its stake in shares of NRG Yield by 32.9% in the second quarter. Blackstart Capital LP now owns 577,592 shares of the utilities provider’s stock valued at $10,141,000 after buying an additional 143,103 shares during the period. Hedge funds and other institutional investors own 28.35% 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)

Receive News & Ratings for NRG Yield Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NRG Yield Inc. and related companies with MarketBeat.com's FREE daily email newsletter.