Wall Street brokerages expect NRG Yield, Inc. (NYSE:NYLD) to post earnings of $0.39 per share for the current quarter, according to Zacks. Three analysts have issued estimates for NRG Yield’s earnings, with the lowest EPS estimate coming in at $0.30 and the highest estimate coming in at $0.43. NRG Yield reported earnings per share of $0.30 in the same quarter last year, which suggests a positive year-over-year growth rate of 30%. The business is scheduled to report its next quarterly earnings results on Friday, November 3rd.
On average, analysts expect that NRG Yield will report full year earnings of $0.87 per share for the current financial year, with EPS estimates ranging from $0.70 to $1.06. For the next fiscal year, analysts expect that the company will post earnings of $0.98 per share, with EPS estimates ranging from $0.90 to $1.18. Zacks’ EPS averages are a mean average based on a survey of research firms that cover NRG Yield.
NRG Yield (NYSE:NYLD) last released its 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. The company had revenue of $284 million during the quarter, compared to the consensus estimate of $297.66 million. NRG Yield had a return on equity of 1.89% and a net margin of 4.47%. NRG Yield’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS.
Several equities analysts have commented on the stock. BidaskClub downgraded shares of NRG Yield from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd. Royal Bank Of Canada reiterated a “hold” rating and issued a $17.00 price objective on shares of NRG Yield in a report on Monday, July 31st. Zacks Investment Research upgraded shares of NRG Yield from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Deutsche Bank AG downgraded shares of NRG Yield from a “buy” rating to a “hold” rating and decreased their price objective for the company from $19.00 to $18.00 in a report on Tuesday, July 18th. Finally, Williams Capital reiterated a “buy” rating on shares of NRG Yield in a report on Thursday, June 1st. Six equities research 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. NRG Yield presently has an average rating of “Buy” and an average target price of $20.00.
NRG Yield (NYLD) traded up 1.09% during mid-day trading on Monday, reaching $18.60. The company had a trading volume of 213,857 shares. NRG Yield has a 1-year low of $13.98 and a 1-year high of $19.05. The company has a market capitalization of $1.83 billion, a PE ratio of 40.52 and a beta of 2.57. The firm has a 50-day moving average of $18.18 and a 200 day moving average of $17.58.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be issued a $0.28 dividend. This is an increase from NRG Yield’s previous quarterly dividend of $0.27. This represents a $1.12 annualized dividend and a dividend yield of 6.02%. The ex-dividend date of this dividend is Wednesday, August 30th. NRG Yield’s payout ratio is currently 240.00%.
Institutional investors have recently added to or reduced their stakes in the stock. HighTower Advisors LLC acquired a new stake in shares of NRG Yield during the first quarter worth about $407,000. Eventide Asset Management LLC boosted its stake in shares of NRG Yield by 7.7% in the first quarter. Eventide Asset Management LLC now owns 70,000 shares of the utilities provider’s stock worth $1,239,000 after buying an additional 5,000 shares during the last quarter. KCG Holdings Inc. acquired a new stake in shares of NRG Yield during the first quarter worth about $321,000. Blackstart Capital LP boosted its stake in shares of NRG Yield by 90.1% in the first quarter. Blackstart Capital LP now owns 434,489 shares of the utilities provider’s stock worth $7,690,000 after buying an additional 205,956 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake 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 last quarter. Hedge funds and other institutional investors own 32.35% of the company’s stock.
NRG Yield Company Profile
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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