NRG Yield, Inc. Class C (NYLD) Price Target Lowered to $18.00 at Morgan Stanley

NRG Yield, Inc. Class C (NYSE:NYLD) had its price target cut by research analysts at Morgan Stanley from $21.00 to $18.00 in a report issued on Tuesday. The brokerage presently has an “overweight” rating on the utilities provider’s stock. Morgan Stanley’s price objective points to a potential upside of 9.62% from the company’s current price.

A number of other research firms have also issued reports on NYLD. BidaskClub upgraded shares of NRG Yield, Inc. Class C from a “hold” rating to a “buy” rating in a report on Tuesday, November 7th. Zacks Investment Research lowered shares of NRG Yield, Inc. Class C from a “hold” rating to a “strong sell” rating in a report on Saturday, January 13th. Royal Bank of Canada reiterated a “hold” rating and set a $17.00 price objective on shares of NRG Yield, Inc. Class C in a report on Wednesday, November 15th. Guggenheim upgraded shares of NRG Yield, Inc. Class C from a “neutral” rating to a “buy” rating in a report on Tuesday, January 2nd. Finally, Bank of America initiated coverage on shares of NRG Yield, Inc. Class C in a report on Tuesday, October 24th. They set a “neutral” rating and a $18.00 price objective on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $19.29.

NRG Yield, Inc. Class C (NYSE:NYLD) opened at $16.42 on Tuesday. The stock has a market cap of $3,113.53, a PE ratio of 39.40, a price-to-earnings-growth ratio of 0.73 and a beta of 2.32. The company has a quick ratio of 0.98, a current ratio of 1.06 and a debt-to-equity ratio of 2.40. NRG Yield, Inc. Class C has a 1-year low of $16.15 and a 1-year high of $20.15.

Several hedge funds have recently made changes to their positions in NYLD. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of NRG Yield, Inc. Class C during the 3rd quarter worth about $116,000. Invictus RG purchased a new position in shares of NRG Yield, Inc. Class C during the 3rd quarter worth about $135,000. Whittier Trust Co. lifted its holdings in shares of NRG Yield, Inc. Class C by 77.2% during the 4th quarter. Whittier Trust Co. now owns 7,540 shares of the utilities provider’s stock worth $142,000 after acquiring an additional 3,286 shares during the period. Suntrust Banks Inc. purchased a new position in shares of NRG Yield, Inc. Class C during the 2nd quarter worth about $176,000. Finally, BB&T Securities LLC purchased a new position in shares of NRG Yield, Inc. Class C during the 3rd quarter worth about $285,000. Institutional investors and hedge funds own 29.56% 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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