Several other analysts have also recently commented on NYLD. BidaskClub cut shares of NRG Yield from a strong-buy rating to a buy rating in a research note on Thursday, June 22nd. Deutsche Bank AG cut shares of NRG Yield from a buy rating to a hold rating and reduced their price objective for the company from $19.00 to $18.00 in a research note on Tuesday, July 18th. Royal Bank Of Canada reiterated a hold rating and issued a $17.00 price objective on shares of NRG Yield in a research note on Monday, July 31st. Finally, Zacks Investment Research upgraded shares of NRG Yield from a sell rating to a hold rating in a research note on Tuesday, August 8th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $20.17.
NRG Yield (NYLD) traded up 2.41% during mid-day trading on Wednesday, hitting $19.10. 1,257,699 shares of the stock were exchanged. NRG Yield has a one year low of $13.98 and a one year high of $20.00. The company has a 50-day moving average price of $18.98 and a 200-day moving average price of $18.98. The company has a market cap of $1.88 billion, a P/E ratio of 41.61 and a beta of 2.57.
NRG Yield (NYSE:NYLD) last released its 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. NRG Yield had a net margin of 4.47% and a return on equity of 1.89%. The company had revenue of $284.00 million during the quarter, compared to analysts’ expectations of $297.66 million. During the same quarter last year, the business earned $0.29 EPS. The business’s revenue was up .4% on a year-over-year basis. Analysts forecast that NRG Yield will post $0.93 earnings per share for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were paid a $0.28 dividend. This is a boost from NRG Yield’s previous quarterly dividend of $0.27. The ex-dividend date was Wednesday, August 30th. This represents a $1.12 annualized dividend and a dividend yield of 5.86%. NRG Yield’s dividend payout ratio (DPR) is 248.89%.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Pacad Investment Ltd. increased its holdings in NRG Yield by 82.5% during the 2nd quarter. Pacad Investment Ltd. now owns 7,300 shares of the utilities provider’s stock valued at $128,000 after acquiring an additional 3,300 shares in the last quarter. Suntrust Banks Inc. purchased a new position in NRG Yield during the 2nd quarter valued at about $176,000. WBI Investments Inc. purchased a new position in NRG Yield during the 2nd quarter valued at about $178,000. Sei Investments Co. increased its holdings in NRG Yield by 32.2% during the 2nd quarter. Sei Investments Co. now owns 11,515 shares of the utilities provider’s stock valued at $202,000 after acquiring an additional 2,807 shares in the last quarter. Finally, Brookstone Capital Management purchased a new position in NRG Yield during the 2nd quarter valued at about $284,000. Hedge funds and other institutional investors own 28.31% of the company’s stock.
About NRG Yield
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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