Wilbanks Smith & Thomas Asset Management LLC continued to hold its stake in NRG Yield, Inc. (NYSE:NYLD) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,778 shares of the utilities provider’s stock at the end of the second quarter. Wilbanks Smith & Thomas Asset Management LLC’s holdings in NRG Yield were worth $207,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Grand Jean Capital Management Inc. raised its stake in NRG Yield by 4.5% during the second quarter. Grand Jean Capital Management Inc. now owns 22,080 shares of the utilities provider’s stock worth $389,000 after buying an additional 960 shares during the last quarter. Principal Financial Group Inc. grew its holdings in NRG Yield by 2.6% in the first quarter. Principal Financial Group Inc. now owns 48,488 shares of the utilities provider’s stock worth $858,000 after purchasing an additional 1,214 shares during the period. Janus Capital Management LLC grew its holdings 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 worth $506,000 after purchasing an additional 1,900 shares during the period. Sei Investments Co. grew its holdings 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 purchasing an additional 2,807 shares during the period. Finally, Pacad Investment Ltd. grew its holdings in NRG Yield by 82.5% in the second quarter. Pacad Investment Ltd. now owns 7,300 shares of the utilities provider’s stock worth $128,000 after purchasing an additional 3,300 shares during the period. 28.31% of the stock is owned by institutional investors and hedge funds.

NRG Yield (NYSE:NYLD) last released its earnings results on Thursday, August 3rd. The utilities provider reported $0.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.01. The firm had revenue of $284.00 million for the quarter, compared to the consensus estimate of $297.66 million. NRG Yield had a net margin of 4.47% and a return on equity of 1.89%. The company’s revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.29 EPS.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were given a $0.28 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This is an increase from NRG Yield’s previous quarterly dividend of $0.27. This represents a $1.12 dividend on an annualized basis and a dividend yield of 5.86%. NRG Yield’s dividend payout ratio is currently 248.89%.

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A number of research firms have commented on NYLD. Goldman Sachs Group, Inc. (The) cut shares of NRG Yield from a “buy” rating to a “neutral” rating in a report on Wednesday. Zacks Investment Research upgraded shares of NRG Yield from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Tuesday. BidaskClub cut shares of NRG Yield from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 3rd. Royal Bank Of Canada restated a “hold” rating and issued a $17.00 price target on shares of NRG Yield in a report on Monday, July 31st. Finally, Deutsche Bank AG cut shares of NRG Yield from a “buy” rating to a “hold” rating and reduced their price target for the stock from $19.00 to $18.00 in a report on Tuesday, July 18th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. NRG Yield presently has a consensus rating of “Buy” and a consensus target price of $20.17.

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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Institutional Ownership by Quarter for NRG Yield (NYSE:NYLD)

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