NRG Yield, Inc. Class C (NYLD) Receives Average Rating of “Hold” from Analysts

Shares of NRG Yield, Inc. Class C (NYSE:NYLD) have received a consensus rating of “Hold” from the ten ratings firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $19.50.

A number of research firms have commented on NYLD. BidaskClub cut NRG Yield, Inc. Class C from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Zacks Investment Research upgraded NRG Yield, Inc. Class C from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Tuesday, October 10th. Goldman Sachs Group cut NRG Yield, Inc. Class C from a “buy” rating to a “neutral” rating and set a $19.00 price target on the stock. in a research note on Wednesday, October 11th. Bank of America began coverage on NRG Yield, Inc. Class C in a research note on Tuesday, October 24th. They set a “neutral” rating and a $18.00 price target on the stock. Finally, Royal Bank of Canada restated a “hold” rating and set a $17.00 price target on shares of NRG Yield, Inc. Class C in a research note on Wednesday, November 15th.

NRG Yield, Inc. Class C (NYSE NYLD) opened at $18.45 on Friday. The company has a debt-to-equity ratio of 2.40, a quick ratio of 0.98 and a current ratio of 1.06. NRG Yield, Inc. Class C has a 52 week low of $16.30 and a 52 week high of $20.15. The company has a market capitalization of $3,483.08, a price-to-earnings ratio of 43.93, a price-to-earnings-growth ratio of 0.80 and a beta of 2.32.

NRG Yield, Inc. Class C (NYSE:NYLD) last released its quarterly earnings results on Thursday, November 2nd. The utilities provider reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.31). NRG Yield, Inc. Class C had a return on equity of 1.76% and a net margin of 4.10%. The firm had revenue of $265.00 million for the quarter, compared to analyst estimates of $311.81 million. During the same quarter last year, the company earned $0.30 earnings per share. The firm’s revenue for the quarter was down 2.6% on a year-over-year basis. sell-side analysts predict that NRG Yield, Inc. Class C will post 0.78 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Beach Investment Counsel Inc. PA raised its stake in shares of NRG Yield, Inc. Class C by 0.3% in the fourth quarter. Beach Investment Counsel Inc. PA now owns 1,373,592 shares of the utilities provider’s stock valued at $25,961,000 after acquiring an additional 3,974 shares in the last quarter. Eqis Capital Management Inc. raised its stake in shares of NRG Yield, Inc. Class C by 53.3% in the fourth quarter. Eqis Capital Management Inc. now owns 78,754 shares of the utilities provider’s stock valued at $1,488,000 after acquiring an additional 27,384 shares in the last quarter. Atria Investments LLC raised its stake in shares of NRG Yield, Inc. Class C by 43.3% in the fourth quarter. Atria Investments LLC now owns 23,703 shares of the utilities provider’s stock valued at $448,000 after acquiring an additional 7,166 shares in the last quarter. AMP Capital Investors Ltd acquired a new stake in shares of NRG Yield, Inc. Class C in the third quarter valued at $2,379,000. Finally, Invictus RG acquired a new stake in shares of NRG Yield, Inc. Class C in the third quarter valued at $135,000. Institutional investors and hedge funds own 29.66% of the company’s stock.

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About NRG Yield, Inc. Class C

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, Inc. Class C (NYSE:NYLD)

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