NRG Yield, Inc. Class C (NYSE:NYLD) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, March 14th.
According to Zacks, “NRG Yield, Inc. acquires, owns and operates contracted renewable and conventional generation as well as thermal infrastructure assets primarily in the United States through its subsidiaries. NRG Yield, Inc. is based in Princeton, New Jersey. “
A number of other equities analysts also recently weighed in on NYLD. Morgan Stanley dropped their target price on NRG Yield, Inc. Class C from $21.00 to $18.00 and set an “overweight” rating on the stock in a report on Tuesday, February 13th. Royal Bank of Canada reiterated a “hold” rating and issued a $17.00 target price on shares of NRG Yield, Inc. Class C in a report on Wednesday, November 15th. Finally, Guggenheim upgraded NRG Yield, Inc. Class C from a “neutral” rating to a “buy” rating in a report on Tuesday, January 2nd. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $19.29.
NRG Yield, Inc. Class C (NYSE:NYLD) last issued its earnings results on Thursday, March 1st. The utilities provider reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The business had revenue of $242.00 million during the quarter, compared to analyst estimates of $248.92 million. NRG Yield, Inc. Class C had a negative net margin of 1.59% and a positive return on equity of 3.17%. sell-side analysts forecast that NRG Yield, Inc. Class C will post 0.89 earnings per share for the current fiscal year.
In other news, insider Christopher S. Sotos purchased 6,200 shares of the stock in a transaction that occurred on Monday, March 5th. The stock was acquired at an average price of $16.16 per share, with a total value of $100,192.00. Following the purchase, the insider now owns 16,600 shares in the company, valued at approximately $268,256. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.19% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in NYLD. Eqis Capital Management Inc. boosted its position in NRG Yield, Inc. Class C by 53.3% during the fourth quarter. Eqis Capital Management Inc. now owns 78,754 shares of the utilities provider’s stock worth $1,488,000 after purchasing an additional 27,384 shares during the period. BB&T Securities LLC bought a new stake in NRG Yield, Inc. Class C during the third quarter worth approximately $285,000. State of Wisconsin Investment Board bought a new stake in NRG Yield, Inc. Class C during the third quarter worth approximately $8,547,000. Doyle Wealth Management boosted its position in NRG Yield, Inc. Class C by 11.5% during the fourth quarter. Doyle Wealth Management now owns 57,215 shares of the utilities provider’s stock worth $1,081,000 after purchasing an additional 5,904 shares during the period. Finally, Atria Investments LLC boosted its position in NRG Yield, Inc. Class C by 43.3% during the fourth quarter. Atria Investments LLC now owns 23,703 shares of the utilities provider’s stock worth $448,000 after purchasing an additional 7,166 shares during the period. 29.12% of the stock is owned by institutional investors and hedge funds.
About NRG Yield, Inc. Class C
NRG Yield, Inc, through its subsidiaries, acquires, owns, and operates contracted renewable and conventional generation, and thermal infrastructure assets in the United States. As of December 31, 2017, it had contracted renewable and conventional generation portfolio of 5,118 net megawatt (MW). The company also owns thermal infrastructure assets with an aggregate steam and chilled water capacity of 1,319 net MW thermal equivalents, and electric generation capacity of 123 net MW.
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