Christopher S. Sotos Acquires 6,400 Shares of NRG Yield Inc. (NYLD) Stock
NRG Yield Inc. (NYSE:NYLD) insider Christopher S. Sotos bought 6,400 shares of NRG Yield stock in a transaction that occurred on Tuesday, November 8th. The stock was bought at an average price of $15.67 per share, with a total value of $100,288.00. Following the completion of the acquisition, the insider now owns 10,400 shares in the company, valued at approximately $162,968. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
NRG Yield Inc. (NYSE:NYLD) opened at 14.55 on Friday. The company has a 50 day moving average price of $15.92 and a 200-day moving average price of $16.26. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 17.66 and a beta of 2.65. NRG Yield Inc. has a 52 week low of $10.49 and a 52 week high of $18.56.
NRG Yield (NYSE:NYLD) last posted its quarterly earnings data on Friday, November 4th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.03. The firm had revenue of $272 million for the quarter, compared to the consensus estimate of $264.60 million. NRG Yield had a return on equity of 3.25% and a net margin of 8.65%. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.21 earnings per share. Equities analysts predict that NRG Yield Inc. will post $0.93 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, November 29th. This is an increase from NRG Yield’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.87%. NRG Yield’s dividend payout ratio (DPR) is presently 118.52%.
NYLD has been the subject of several analyst reports. Deutsche Bank AG restated a “buy” rating and issued a $18.00 target price on shares of NRG Yield in a report on Monday. Zacks Investment Research lowered NRG Yield from a “hold” rating to a “sell” rating in a report on Wednesday, September 14th. Oppenheimer Holdings Inc. assumed coverage on NRG Yield in a report on Thursday, September 8th. They issued a “market perform” rating for the company. Avondale Partners lowered NRG Yield from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 10th. Finally, Barclays PLC cut their price target on NRG Yield from $20.00 to $19.00 and set an “overweight” rating for the company in a report on Wednesday, August 10th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $18.33.
Hedge funds and other institutional investors have recently bought and sold shares of the company. US Bancorp DE increased its position in NRG Yield by 1.9% in the third quarter. US Bancorp DE now owns 5,890 shares of the company’s stock worth $100,000 after buying an additional 109 shares during the last quarter. Cubist Systematic Strategies LLC increased its position in NRG Yield by 225.0% in the second quarter. Cubist Systematic Strategies LLC now owns 7,760 shares of the company’s stock worth $121,000 after buying an additional 5,372 shares in the last quarter. Tower Research Capital LLC TRC bought a new position in NRG Yield during the second quarter worth $107,000. Credit Capital Investments LLC increased its position in NRG Yield by 2.8% in the third quarter. Credit Capital Investments LLC now owns 370,000 shares of the company’s stock worth $6,275,000 after buying an additional 10,000 shares in the last quarter. Finally, DAVENPORT & Co LLC bought a new position in NRG Yield during the third quarter worth $193,000. Institutional investors and hedge funds own 31.50% 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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