Somewhat Favorable Media Coverage Somewhat Unlikely to Impact NRG Yield (NYLD) Stock Price
Media stories about NRG Yield (NYSE:NYLD) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. NRG Yield earned a news sentiment score of 0.16 on Accern’s scale. Accern also assigned news coverage about the utilities provider an impact score of 45.6627073260866 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Shares of NRG Yield (NYSE:NYLD) opened at 18.40 on Monday. NRG Yield has a 1-year low of $13.98 and a 1-year high of $19.10. The firm has a 50-day moving average of $18.55 and a 200 day moving average of $17.71. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 40.09 and a beta of 2.56.
NRG Yield (NYSE:NYLD) last released its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.01. NRG Yield had a net margin of 4.47% and a return on equity of 1.89%. The business had revenue of $284 million during the quarter, compared to analyst estimates of $297.66 million. During the same quarter last year, the business earned $0.29 earnings per share. NRG Yield’s quarterly revenue was up .4% compared to the same quarter last year. Equities research analysts forecast that NRG Yield will post $0.93 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 6.09%. The ex-dividend date is Wednesday, August 30th. This is a positive change from NRG Yield’s previous quarterly dividend of $0.27. NRG Yield’s dividend payout ratio (DPR) is 248.89%.
NYLD has been the topic of a number of research analyst reports. Zacks Investment Research cut shares of NRG Yield from a “hold” rating to a “strong sell” rating in a research report on Friday, June 9th. Williams Capital reissued a “buy” rating on shares of NRG Yield in a research report on Thursday, June 1st. Deutsche Bank AG cut shares of NRG Yield from a “buy” rating to a “hold” rating and cut their price objective for the stock from $19.00 to $18.00 in a research report on Tuesday, July 18th. Royal Bank Of Canada reissued a “hold” rating and set a $17.00 price objective on shares of NRG Yield in a research report on Monday, July 31st. Finally, BidaskClub raised shares of NRG Yield from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. Five investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average 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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