Tower Research Capital LLC TRC acquired a new stake in shares of NRG Yield Inc. (NYSE:NYLD) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,824 shares of the company’s stock, valued at approximately $107,000.
Several other hedge funds have also recently made changes to their positions in NYLD. Prudential Financial Inc. raised its stake in shares of NRG Yield by 155.2% in the first quarter. Prudential Financial Inc. now owns 62,430 shares of the company’s stock valued at $889,000 after buying an additional 37,970 shares during the period. Bessemer Group Inc. purchased a new stake in shares of NRG Yield during the first quarter valued at $155,000. Adage Capital Partners GP L.L.C. purchased a new stake in shares of NRG Yield during the first quarter valued at $828,000. Quotient Investors LLC purchased a new stake in shares of NRG Yield during the second quarter valued at $193,000. Finally, Fox Run Management L.L.C. purchased a new stake in shares of NRG Yield during the second quarter valued at $259,000. Institutional investors and hedge funds own 31.48% of the company’s stock.
NRG Yield Inc. (NYSE:NYLD) opened at 15.45 on Friday. NRG Yield Inc. has a 52-week low of $10.49 and a 52-week high of $18.56. The company’s 50-day moving average price is $16.90 and its 200 day moving average price is $16.13. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 23.66 and a beta of 2.63.
NRG Yield (NYSE:NYLD) last released its quarterly earnings results on Tuesday, August 9th. The company reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.37 by $0.32. NRG Yield had a net margin of 7.48% and a return on equity of 2.71%. The business had revenue of $258 million for the quarter, compared to analyst estimates of $274.02 million. During the same period in the prior year, the business earned ($0.07) earnings per share. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. Equities analysts predict that NRG Yield Inc. will post $0.93 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 6.21%. This is a boost from NRG Yield’s previous quarterly dividend of $0.23. The ex-dividend date was Tuesday, August 30th. NRG Yield’s dividend payout ratio (DPR) is currently 139.13%.
Several analysts have recently weighed in on NYLD shares. Zacks Investment Research upgraded NRG Yield from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a report on Saturday, July 9th. Barclays PLC reduced their target price on NRG Yield from $20.00 to $19.00 and set an “overweight” rating for the company in a report on Wednesday, August 10th. Avondale Partners downgraded NRG Yield from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 10th. Deutsche Bank AG reaffirmed a “buy” rating on shares of NRG Yield in a report on Wednesday, August 10th. Finally, Oppenheimer Holdings Inc. assumed coverage on NRG Yield in a report on Thursday, September 8th. They set a “market perform” rating for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. NRG Yield presently has an average rating of “Hold” and a consensus target price of $17.75.
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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