Prudential Financial Inc. boosted its position in NRG Yield Inc. (NYSE:NYLD) by 303.7% during the second quarter, Holdings Channel reports. The firm owned 252,030 shares of the company’s stock after buying an additional 189,600 shares during the period. Prudential Financial Inc. owned approximately 0.26% of NRG Yield worth $3,929,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Credit Capital Investments LLC increased its position 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 during the last quarter. Capital Advisors Inc. OK increased its position in NRG Yield by 5.1% in the second quarter. Capital Advisors Inc. OK now owns 483,744 shares of the company’s stock worth $7,542,000 after buying an additional 23,348 shares during the last quarter. OTA Financial Group L.P. bought a new position in NRG Yield during the second quarter worth about $227,000. First Trust Advisors LP bought a new position in NRG Yield during the second quarter worth about $1,377,000. Finally, Kleinwort Benson Investors Dublin Ltd bought a new position in NRG Yield during the second quarter worth about $6,108,000. Hedge funds and other institutional investors own 31.50% of the company’s stock.
Shares of NRG Yield Inc. (NYSE:NYLD) opened at 15.40 on Tuesday. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 23.58 and a beta of 2.63. The stock has a 50 day moving average of $16.84 and a 200 day moving average of $16.17. NRG Yield Inc. has a 1-year low of $10.49 and a 1-year high of $18.56.
NRG Yield (NYSE:NYLD) last announced its quarterly earnings data on Tuesday, August 9th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.37 by $0.32. The firm had revenue of $258 million for the quarter, compared to analysts’ expectations of $274.02 million. NRG Yield had a net margin of 7.48% and a return on equity of 2.71%. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.07) EPS. On average, equities analysts forecast that NRG Yield Inc. will post $0.93 EPS for the current year.
A number of research analysts recently issued reports on the stock. Oppenheimer Holdings Inc. assumed coverage on shares of NRG Yield in a research report on Thursday, September 8th. They set a “market perform” rating on the stock. Avondale Partners lowered shares of NRG Yield from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 10th. Deutsche Bank AG restated a “buy” rating on shares of NRG Yield in a research note on Wednesday, August 10th. Barclays PLC decreased their price target on shares of NRG Yield from $20.00 to $19.00 and set an “overweight” rating for the company in a research note on Wednesday, August 10th. Finally, Zacks Investment Research upgraded shares of NRG Yield from a “sell” rating to a “hold” rating in a research note on Thursday, August 11th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. The stock 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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