Point72 Asset Management L.P. Acquires Shares of 157,000 NRG Yield, Inc. (NYSE:NYLD)
Point72 Asset Management L.P. purchased a new stake in NRG Yield, Inc. (NYSE:NYLD) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 157,000 shares of the utilities provider’s stock, valued at approximately $2,779,000. Point72 Asset Management L.P. owned 0.16% of NRG Yield as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. OTA Financial Group L.P. purchased a new stake in shares of NRG Yield during the first quarter valued at about $213,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of NRG Yield during the fourth quarter valued at about $235,000. KCG Holdings Inc. bought a new stake in NRG Yield during the first quarter valued at $321,000. Grand Jean Capital Management Inc. raised its stake 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 valued at $374,000 after buying an additional 8,420 shares during the last quarter. Finally, HighTower Advisors LLC bought a new stake in NRG Yield during the first quarter valued at $407,000. Institutional investors and hedge funds own 32.37% of the company’s stock.
NRG Yield, Inc. (NYSE NYLD) traded up 0.82% during trading on Thursday, hitting $18.40. The stock had a trading volume of 354,646 shares. The company has a market cap of $1.16 billion, a P/E ratio of 36.80 and a beta of 2.57. NRG Yield, Inc. has a one year low of $13.98 and a one year high of $18.75. The firm has a 50 day moving average of $17.87 and a 200-day moving average of $17.43.
NRG Yield (NYSE:NYLD) last issued 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). The business had revenue of $218 million for the quarter, compared to analyst estimates 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 last year, the company posted $0.33 EPS. Equities analysts anticipate that NRG Yield, Inc. will post $0.93 earnings per share for the current fiscal year.
Several research firms recently weighed in on NYLD. BidaskClub lowered NRG Yield from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd. Royal Bank Of Canada restated a “hold” rating and set a $17.00 price target on shares of NRG Yield in a report on Monday. Deutsche Bank AG lowered NRG Yield from a “buy” rating to a “hold” rating and decreased their price target for the company from $19.00 to $18.00 in a report on Tuesday, July 18th. Williams Capital restated a “buy” rating on shares of NRG Yield in a report on Thursday, June 1st. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a $24.00 price objective (up previously from $20.00) on shares of NRG Yield in a research report on Sunday, April 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $20.00.
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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