Insider Buying: NRG Yield Inc. (NYLD) CFO Buys $20,006.40 in Stock
NRG Yield Inc. (NYSE:NYLD) CFO Chad Plotkin purchased 1,280 shares of the business’s stock in a transaction dated Tuesday, November 8th. The shares were purchased at an average price of $15.63 per share, for a total transaction of $20,006.40. Following the purchase, the chief financial officer now owns 17,112 shares of the company’s stock, valued at approximately $267,460.56. The purchase was disclosed in a filing with the SEC, which is accessible through this link.
Shares of NRG Yield Inc. (NYSE:NYLD) opened at 15.00 on Monday. The company has a market cap of $1.46 billion, a P/E ratio of 18.20 and a beta of 2.65. The company’s 50-day moving average price is $15.85 and its 200-day moving average price is $16.26. NRG Yield Inc. has a 12 month low of $10.49 and a 12 month high of $18.56.
NRG Yield (NYSE:NYLD) last announced its quarterly earnings results on Friday, November 4th. The company reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.03. NRG Yield had a net margin of 8.65% and a return on equity of 3.25%. The business earned $272 million during the quarter, compared to analyst estimates of $264.60 million. During the same period last year, the company earned $0.21 EPS. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. Equities analysts forecast that NRG Yield Inc. will post $0.93 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 6.67%. The ex-dividend date is Tuesday, November 29th. This is a positive change from NRG Yield’s previous quarterly dividend of $0.24. NRG Yield’s dividend payout ratio is 118.52%.
Several institutional investors have recently made changes to their positions in NYLD. Credit Capital Investments LLC raised its position in shares of NRG Yield by 12,982.5% in the second quarter. Credit Capital Investments LLC now owns 5,612,400 shares of the company’s stock valued at $5,612,000 after buying an additional 5,569,500 shares during the period. Evergreen Capital Management LLC acquired a new position in shares of NRG Yield during the second quarter valued at approximately $9,602,000. Kleinwort Benson Investors Dublin Ltd acquired a new position in shares of NRG Yield during the second quarter valued at approximately $6,108,000. Adage Capital Partners GP L.L.C. raised its position in shares of NRG Yield by 587.8% in the third quarter. Adage Capital Partners GP L.L.C. now owns 400,000 shares of the company’s stock valued at $6,784,000 after buying an additional 341,846 shares during the period. Finally, Crestwood Capital Management L.P. acquired a new position in shares of NRG Yield during the second quarter valued at approximately $5,097,000. 31.41% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have recently commented on NYLD shares. Deutsche Bank AG restated a “buy” rating on shares of NRG Yield in a research note on Wednesday, September 21st. Oppenheimer Holdings Inc. started coverage on NRG Yield in a research note on Thursday, September 8th. They set a “market perform” rating on the stock. Zacks Investment Research upgraded NRG Yield from a “sell” rating to a “hold” rating in a research note on Thursday, August 11th. Barclays PLC cut their price target on NRG Yield from $20.00 to $19.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 10th. Finally, Avondale Partners lowered NRG Yield from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 10th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $18.33.
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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