Brokerages Set NRG Yield, Inc. (NYLD) Target Price at $20.00
NRG Yield, Inc. (NYSE:NYLD) has been given a consensus recommendation of “Hold” by the eleven analysts that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $20.00.
Several equities research analysts recently weighed in on the stock. BidaskClub downgraded shares of NRG Yield from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. Zacks Investment Research downgraded shares of NRG Yield from a “hold” rating to a “strong sell” rating in a research note on Friday, June 9th. Williams Capital reiterated a “buy” rating on shares of NRG Yield in a report on Thursday, June 1st. Finally, Barclays PLC reiterated an “overweight” rating and set a $24.00 price target (up previously from $20.00) on shares of NRG Yield in a report on Sunday, April 23rd.
Shares of NRG Yield (NYSE:NYLD) traded up 2.58% during mid-day trading on Friday, hitting $17.90. 840,407 shares of the stock traded hands. The firm has a 50 day moving average of $17.63 and a 200 day moving average of $17.08. The company has a market cap of $1.13 billion, a P/E ratio of 35.80 and a beta of 2.55. NRG Yield has a 12 month low of $13.98 and a 12 month high of $18.56.
NRG Yield (NYSE:NYLD) last announced its earnings results on Tuesday, May 2nd. The utilities provider reported ($0.03) earnings per share for the quarter, hitting the consensus estimate of ($0.03). NRG Yield had a net margin of 5.00% and a return on equity of 2.01%. The firm had revenue of $218 million for the quarter, compared to the consensus estimate of $195.91 million. During the same period in the prior year, the firm earned $0.33 EPS. Equities analysts anticipate that NRG Yield will post $0.93 EPS for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the stock. Point72 Asset Management L.P. acquired a new stake in NRG Yield during the first quarter valued at approximately $2,779,000. Janus Capital Management LLC increased its stake in NRG Yield by 7.1% in the first quarter. Janus Capital Management LLC now owns 28,600 shares of the utilities provider’s stock valued at $506,000 after buying an additional 1,900 shares during the period. HighTower Advisors LLC acquired a new stake in NRG Yield during the first quarter valued at approximately $407,000. Eventide Asset Management LLC increased its stake in NRG Yield by 7.7% in the first quarter. Eventide Asset Management LLC now owns 70,000 shares of the utilities provider’s stock valued at $1,239,000 after buying an additional 5,000 shares during the period. Finally, KCG Holdings Inc. acquired a new stake in NRG Yield during the first quarter valued at approximately $321,000. Hedge funds and other institutional investors own 32.26% 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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