NRG Yield’s (NYSE:NYLD) “Hold” Rating Reiterated at Royal Bank Of Canada
Royal Bank Of Canada restated their hold rating on shares of NRG Yield, Inc. (NYSE:NYLD) in a report released on Monday morning. The firm currently has a $17.00 target price on the utilities provider’s stock.
A number of other analysts also recently weighed in on NYLD. BidaskClub upgraded NRG Yield from a buy rating to a strong-buy rating in a research report on Monday, July 24th. Deutsche Bank AG downgraded NRG Yield from a buy rating to a hold rating and cut their target price for the company from $19.00 to $18.00 in a research report on Tuesday, July 18th. Zacks Investment Research downgraded NRG Yield from a hold rating to a strong sell rating in a research report on Friday, June 9th. Williams Capital reiterated a buy rating on shares of NRG Yield in a research report on Thursday, June 1st. Finally, Barclays PLC reiterated an overweight rating and set a $24.00 target price (up from $20.00) on shares of NRG Yield in a research report on Sunday, April 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $20.00.
NRG Yield (NYLD) traded down 0.55% on Monday, reaching $18.15. The company’s stock had a trading volume of 138,616 shares. The company has a 50-day moving average price of $17.87 and a 200 day moving average price of $17.43. The company has a market cap of $1.78 billion, a P/E ratio of 36.30 and a beta of 2.57. NRG Yield has a 12 month low of $13.98 and a 12 month high of $18.75.
NRG Yield (NYSE:NYLD) last released its earnings results on Tuesday, May 2nd. The utilities provider reported ($0.03) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.03). The firm had revenue of $218 million during the quarter, compared to the consensus estimate of $195.91 million. NRG Yield had a return on equity of 2.01% and a net margin of 5.00%. During the same period in the prior year, the company posted $0.33 EPS. On average, equities research analysts anticipate that NRG Yield will post $0.93 EPS for the current fiscal year.
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Several institutional investors have recently bought and sold shares of NYLD. Sei Investments Co. boosted its position in NRG Yield by 32.2% in the second quarter. Sei Investments Co. now owns 11,515 shares of the utilities provider’s stock worth $202,000 after buying an additional 2,807 shares during the period. OTA Financial Group L.P. acquired a new position in NRG Yield during the first quarter worth approximately $213,000. KCG Holdings Inc. acquired a new position in NRG Yield during the first quarter worth approximately $321,000. Visionary Asset Management Inc. acquired a new position in NRG Yield during the second quarter worth approximately $331,000. Finally, Grand Jean Capital Management Inc. boosted its position in NRG Yield by 66.3% in the first quarter. Grand Jean Capital Management Inc. now owns 21,120 shares of the utilities provider’s stock worth $374,000 after buying an additional 8,420 shares during the period. 32.37% of the stock is owned by 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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