NRG Yield, Inc. (NYLD) Lowered to Hold at BidaskClub

NRG Yield, Inc. (NYSE:NYLD) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

A number of other brokerages have also recently issued reports on NYLD. Royal Bank Of Canada reiterated a “hold” rating and set a $17.00 price objective on shares of NRG Yield in a research note on Monday, July 31st. Deutsche Bank AG cut NRG Yield from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $19.00 to $18.00 in a research note on Tuesday, July 18th. Zacks Investment Research upgraded NRG Yield from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Tuesday, October 10th. Goldman Sachs Group, Inc. (The) cut NRG Yield from a “buy” rating to a “neutral” rating and set a $19.00 price objective on the stock. in a research note on Wednesday, October 11th. Finally, Bank of America Corporation started coverage on NRG Yield in a research note on Tuesday, October 24th. They set a “neutral” rating and a $18.00 price objective on the stock. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $19.75.

NRG Yield (NYLD) opened at 18.55 on Tuesday. The company has a 50-day moving average price of $18.93 and a 200-day moving average price of $18.16. The firm has a market cap of $1.82 billion, a P/E ratio of 40.41 and a beta of 2.57. NRG Yield has a 12-month low of $13.98 and a 12-month high of $20.00.

NRG Yield (NYSE:NYLD) last released its earnings results on Thursday, August 3rd. The utilities provider reported $0.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.01. The firm had revenue of $284.00 million for the quarter, compared to analysts’ expectations of $297.66 million. NRG Yield had a return on equity of 1.89% and a net margin of 4.47%. The business’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.29 EPS. On average, analysts predict that NRG Yield will post $0.93 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “NRG Yield, Inc. (NYLD) Lowered to Hold at BidaskClub” was first reported by Community Financial News and is owned by of Community Financial News. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of US & international copyright and trademark laws. The legal version of this piece of content can be viewed at https://www.com-unik.info/2017/10/31/nrg-yield-inc-nyld-lowered-to-hold-at-bidaskclub.html.

Several hedge funds have recently bought and sold shares of the stock. Beach Investment Management LLC. increased its holdings in shares of NRG Yield by 1,025.8% during the 2nd quarter. Beach Investment Management LLC. now owns 1,373,543 shares of the utilities provider’s stock worth $24,174,000 after acquiring an additional 1,251,533 shares during the last quarter. Rare Infrastructure Ltd increased its holdings in shares of NRG Yield by 20.0% during the 2nd quarter. Rare Infrastructure Ltd now owns 891,333 shares of the utilities provider’s stock worth $15,688,000 after acquiring an additional 148,338 shares during the last quarter. GCA Investment Management LLC increased its holdings in shares of NRG Yield by 25.3% during the 2nd quarter. GCA Investment Management LLC now owns 784,524 shares of the utilities provider’s stock worth $13,808,000 after acquiring an additional 158,200 shares during the last quarter. Capital Advisors Inc. OK increased its holdings in shares of NRG Yield by 2.5% during the 2nd quarter. Capital Advisors Inc. OK now owns 673,226 shares of the utilities provider’s stock worth $11,849,000 after acquiring an additional 16,665 shares during the last quarter. Finally, Evergreen Capital Management LLC increased its holdings in shares of NRG Yield by 16.8% during the 2nd quarter. Evergreen Capital Management LLC now owns 635,870 shares of the utilities provider’s stock worth $11,191,000 after acquiring an additional 91,365 shares during the last quarter. 28.41% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for NRG Yield (NYSE:NYLD)

What are top analysts saying about NRG Yield Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for NRG Yield Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit