A number of other brokerages have also weighed in on NYLD. Zacks Investment Research raised shares of NRG Yield from a sell rating to a hold rating in a research note on Thursday, August 11th. Avondale Partners downgraded shares of NRG Yield from an outperform rating to a market perform rating in a report on Wednesday, August 10th. Barclays PLC dropped their target price on shares of NRG Yield from $20.00 to $19.00 and set an overweight rating on the stock in a report on Wednesday, August 10th. Finally, Oppenheimer Holdings Inc. initiated coverage on shares of NRG Yield in a report on Thursday, September 8th. They issued a market perform rating on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $17.75.
NRG Yield (NYSE:NYLD) opened at 17.12 on Wednesday. The firm has a market cap of $1.67 billion, a price-to-earnings ratio of 26.22 and a beta of 2.64. NRG Yield has a one year low of $10.49 and a one year high of $18.56. The firm has a 50 day moving average of $17.30 and a 200-day moving average of $15.96.
NRG Yield (NYSE:NYLD) last issued its quarterly earnings results on Tuesday, August 9th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by $0.32. The company earned $258 million during the quarter, compared to analyst estimates of $274.02 million. NRG Yield had a return on equity of 2.71% and a net margin of 7.48%. The company’s revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the company posted ($0.07) earnings per share. Equities research analysts forecast that NRG Yield will post $0.93 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were issued a dividend of $0.24 per share. The ex-dividend date was Tuesday, August 30th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.61%. This is a positive change from NRG Yield’s previous quarterly dividend of $0.23. NRG Yield’s payout ratio is currently 139.13%.
Several large investors have recently added to or reduced their stakes in the stock. Credit Capital Investments LLC raised its stake in NRG Yield by 12,982.5% in the second quarter. Credit Capital Investments LLC now owns 5,612,400 shares of the company’s stock worth $5,612,000 after buying an additional 5,569,500 shares in the last quarter. Evergreen Capital Management LLC purchased a new stake in NRG Yield during the second quarter worth about $9,602,000. Kleinwort Benson Investors Dublin Ltd purchased a new stake in NRG Yield during the second quarter worth about $6,108,000. Crestwood Capital Management L.P. purchased a new stake in NRG Yield during the second quarter worth about $5,097,000. Finally, Beach Investment Counsel Inc. PA raised its stake in NRG Yield by 49.2% in the second quarter. Beach Investment Counsel Inc. PA now owns 932,261 shares of the company’s stock worth $14,534,000 after buying an additional 307,546 shares in the last quarter. Institutional investors and hedge funds own 31.48% 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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