Deutsche Bank AG cut shares of NRG Yield, Inc. (NYSE:NYLD) from a buy rating to a hold rating in a research note issued to investors on Tuesday, July 18th, MarketBeat reports. They currently have $18.00 price target on the utilities provider’s stock, down from their prior price target of $19.00.
Other equities research analysts have also issued reports about the stock. BidaskClub lowered shares of NRG Yield from a strong-buy rating to a buy rating in a research note on Thursday, June 22nd. Williams Capital reissued a buy rating on shares of NRG Yield in a research note on Thursday, June 1st. Barclays PLC reissued an overweight rating and set a $24.00 target price (up from $20.00) on shares of NRG Yield in a research note on Sunday, April 23rd. Finally, Zacks Investment Research raised shares of NRG Yield from a strong sell rating to a hold rating in a research note on Friday, March 31st. Six equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. NRG Yield has a consensus rating of Buy and an average price target of $20.00.
NRG Yield (NYSE NYLD) remained flat at $18.55 during trading on Tuesday. 1,627,396 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $18.08 and a 200 day moving average price of $17.52. NRG Yield has a 1-year low of $13.98 and a 1-year high of $19.05. The stock has a market capitalization of $1.82 billion, a price-to-earnings ratio of 40.41 and a beta of 2.57.
NRG Yield (NYSE:NYLD) last announced its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.01. NRG Yield had a return on equity of 1.89% and a net margin of 4.47%. The company had revenue of $284 million for the quarter, compared to the consensus estimate of $297.66 million. During the same period last year, the firm earned $0.29 EPS. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. On average, equities research analysts forecast that NRG Yield will post $0.93 EPS for the current year.
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The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be paid a $0.28 dividend. The ex-dividend date is Wednesday, August 30th. This is a positive change from NRG Yield’s previous quarterly dividend of $0.27. This represents a $1.12 dividend on an annualized basis and a yield of 6.04%. NRG Yield’s dividend payout ratio (DPR) is currently 240.00%.
Hedge funds have recently added to or reduced their stakes in the stock. Beach Investment Management LLC. increased its stake in NRG Yield by 1,025.8% in the second quarter. Beach Investment Management LLC. now owns 1,373,543 shares of the utilities provider’s stock worth $24,174,000 after buying an additional 1,251,533 shares during the last quarter. GCA Investment Management LLC increased its stake in 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 last quarter. Blackstart Capital LP increased its stake in 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. Point72 Asset Management L.P. acquired a new stake in NRG Yield during the first quarter worth approximately $2,779,000. Finally, First Trust Advisors LP increased its stake in NRG Yield by 109.7% in the first quarter. First Trust Advisors LP now owns 224,725 shares of the utilities provider’s stock worth $3,978,000 after buying an additional 117,541 shares during the last quarter. Institutional investors own 32.40% of the company’s stock.
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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