Shares of NRG Yield Inc. (NYSE:NYLD) have been assigned an average recommendation of “Hold” from the eight analysts that are covering the company. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $17.50.
Several research analysts recently weighed in on the company. Deutsche Bank AG reissued a “buy” rating on shares of NRG Yield in a research report on Wednesday, August 10th. Zacks Investment Research raised NRG Yield from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Saturday, July 9th. Oppenheimer Holdings Inc. assumed coverage on NRG Yield in a research report on Thursday, September 8th. They set a “market perform” rating on the stock. Avondale Partners lowered NRG Yield from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 10th. Finally, Barclays PLC dropped their price target on NRG Yield from $20.00 to $19.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 10th.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Credit Capital Investments LLC increased its position in shares of 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 during the period. Evergreen Capital Management LLC purchased a new position in shares of NRG Yield during the second quarter worth approximately $9,602,000. Kleinwort Benson Investors Dublin Ltd purchased a new position in shares of NRG Yield during the second quarter worth approximately $6,108,000. Crestwood Capital Management L.P. purchased a new position in shares of NRG Yield during the second quarter worth approximately $5,097,000. Finally, Beach Investment Counsel Inc. PA increased its position in shares of 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 during the period. Hedge funds and other institutional investors own 31.48% of the company’s stock.
Shares of NRG Yield (NYSE:NYLD) opened at 17.24 on Monday. The company’s 50 day moving average price is $17.28 and its 200-day moving average price is $15.98. NRG Yield has a 1-year low of $10.49 and a 1-year high of $18.56. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 26.40 and a beta of 2.64.
NRG Yield (NYSE:NYLD) last announced its earnings results on Tuesday, August 9th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by $0.32. The company had revenue of $258 million for 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 firm’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period last year, the firm earned ($0.07) earnings per share. Equities analysts expect that NRG Yield will post $0.93 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were paid a $0.24 dividend. The ex-dividend date was Tuesday, August 30th. This represents a $0.96 dividend on an annualized basis and a yield of 5.57%. This is an increase from NRG Yield’s previous quarterly dividend of $0.23. NRG Yield’s payout ratio is 139.13%.
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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