Shares of NRG Yield, Inc. (NYSE:NYLD) have received an average rating of “Buy” from the twelve analysts that are presently covering the firm, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $19.75.
A number of research analysts have weighed in on NYLD shares. Zacks Investment Research raised NRG Yield from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Tuesday, October 10th. BidaskClub downgraded NRG Yield from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 3rd. Royal Bank Of Canada reissued a “hold” rating and issued a $17.00 target price on shares of NRG Yield in a report on Monday, July 31st. Deutsche Bank AG downgraded NRG Yield from a “buy” rating to a “hold” rating and lowered their target price for the company from $19.00 to $18.00 in a report on Tuesday, July 18th. Finally, Bank of America Corporation started coverage on NRG Yield in a report on Tuesday, October 24th. They issued a “neutral” rating and a $18.00 target price on the stock.
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NRG Yield (NYSE:NYLD) traded up 0.81% during midday trading on Thursday, hitting $18.70. The stock had a trading volume of 296,885 shares. The firm has a 50 day moving average of $18.92 and a 200 day moving average of $18.15. NRG Yield has a 52 week low of $13.98 and a 52 week high of $20.00. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of 40.74 and a beta of 2.57.
NRG Yield (NYSE:NYLD) last posted its earnings results on Thursday, August 3rd. The utilities provider reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates 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 $284.00 million for the quarter, compared to the consensus estimate of $297.66 million. During the same quarter in the prior year, the company earned $0.29 earnings per share. NRG Yield’s revenue was up .4% on a year-over-year basis. Equities research analysts predict that NRG Yield will post $0.93 EPS for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Doyle Wealth Management bought a new position in shares of NRG Yield in the third quarter worth about $990,000. First Trust Advisors LP raised its stake in shares of NRG Yield by 82.3% in the third quarter. First Trust Advisors LP now owns 261,556 shares of the utilities provider’s stock worth $5,048,000 after buying an additional 118,077 shares during the period. Eqis Capital Management Inc. bought a new position in shares of NRG Yield in the third quarter worth about $991,000. BlueCrest Capital Management Ltd bought a new stake in NRG Yield during the 2nd quarter valued at approximately $1,981,000. Finally, Rare Infrastructure Ltd raised its stake in NRG Yield by 20.0% during the 2nd quarter. Rare Infrastructure Ltd now owns 891,333 shares of the utilities provider’s stock valued at $15,688,000 after purchasing an additional 148,338 shares during the period. 28.35% of the stock is currently owned by hedge funds and other institutional investors.
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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