Deutsche Bank AG lowered shares of NRG Yield, Inc. (NYSE:NYLD) from a buy rating to a hold rating in a research note released on Tuesday, July 18th, Marketbeat Ratings reports. They currently have $18.00 target price on the utilities provider’s stock, down from their prior target price of $19.00.
Other analysts have also recently issued research reports about the stock. BidaskClub cut shares of NRG Yield from a strong-buy rating to a buy rating in a research note on Thursday, June 22nd. Williams Capital reiterated a buy rating on shares of NRG Yield in a report on Thursday, June 1st. Zacks Investment Research upgraded shares of NRG Yield from a strong sell rating to a hold rating in a report on Friday, March 31st. Finally, Barclays PLC restated an overweight rating and set a $24.00 target price (up from $20.00) on shares of NRG Yield in a report on Sunday, April 23rd. Six analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. NRG Yield has an average rating of Buy and a consensus target price of $20.00.
Shares of NRG Yield (NYLD) traded up 0.678% during trading on Tuesday, reaching $18.575. 121,732 shares of the company were exchanged. The firm has a market capitalization of $1.82 billion, a PE ratio of 37.150 and a beta of 2.57. NRG Yield has a 1-year low of $13.98 and a 1-year high of $18.75. The company’s 50-day moving average is $17.87 and its 200 day moving average is $17.43.
NRG Yield (NYSE:NYLD) last issued its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.28 earnings per share for the quarter, topping the Zacks’ 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 firm had revenue of $284 million during the quarter, compared to analysts’ expectations of $297.66 million. During the same quarter in the prior year, the business earned $0.29 EPS. NRG Yield’s quarterly revenue was up .4% compared to the same quarter last year. Equities research analysts expect that NRG Yield will post $0.93 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a $0.28 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This is a boost from NRG Yield’s previous quarterly dividend of $0.27. This represents a $1.12 annualized dividend and a dividend yield of 6.07%. NRG Yield’s dividend payout ratio (DPR) is currently 240.00%.
Large investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in shares of NRG Yield by 2.6% in the first quarter. Principal Financial Group Inc. now owns 48,488 shares of the utilities provider’s stock worth $858,000 after buying an additional 1,214 shares during the period. Mcclain Value Management LLC boosted its position in shares of NRG Yield by 33.4% in the first quarter. Mcclain Value Management LLC now owns 191,096 shares of the utilities provider’s stock worth $3,382,000 after buying an additional 47,894 shares during the period. Baird Financial Group Inc. boosted its position in shares of NRG Yield by 30.1% in the first quarter. Baird Financial Group Inc. now owns 178,581 shares of the utilities provider’s stock worth $3,161,000 after buying an additional 41,269 shares during the period. Grand Jean Capital Management Inc. boosted its position in shares of NRG Yield by 66.3% in the first quarter. Grand Jean Capital Management Inc. now owns 21,120 shares of the utilities provider’s stock worth $374,000 after buying an additional 8,420 shares during the period. Finally, GCA Investment Management LLC boosted its position in shares of NRG Yield by 50.6% in the first quarter. GCA Investment Management LLC now owns 626,324 shares of the utilities provider’s stock worth $11,086,000 after buying an additional 210,382 shares during the period. 32.40% of the stock is currently owned by institutional investors and hedge funds.
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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