NRG Yield, Inc. (NYLD) Upgraded to Buy at BidaskClub
BidaskClub upgraded shares of NRG Yield, Inc. (NYSE:NYLD) from a hold rating to a buy rating in a research report report published on Tuesday.
A number of other research firms have also issued reports on NYLD. Zacks Investment Research lowered shares of NRG Yield from a buy rating to a hold rating in a research note on Tuesday. Royal Bank Of Canada reissued a hold rating and set a $17.00 target price on shares of NRG Yield in a research note on Monday, July 31st. Deutsche Bank AG lowered shares of NRG Yield from a buy rating to a hold rating and reduced their target price for the company from $19.00 to $18.00 in a research note on Tuesday, July 18th. Goldman Sachs Group, Inc. (The) lowered shares of NRG Yield from a buy rating to a neutral rating and set a $19.00 target price for the company. in a research note on Wednesday, October 11th. Finally, Bank of America Corporation initiated coverage on shares of NRG Yield in a research note on Tuesday, October 24th. They set a neutral rating and a $18.00 target price for the company. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of Hold and an average target price of $19.75.
NRG Yield (NYSE:NYLD) opened at $19.55 on Tuesday. The company has a debt-to-equity ratio of 2.40, a quick ratio of 0.98 and a current ratio of 1.06. The stock has a market cap of $3,621.67, a PE ratio of 46.67, a price-to-earnings-growth ratio of 0.97 and a beta of 2.53. NRG Yield has a one year low of $14.60 and a one year high of $20.00.
NRG Yield (NYSE:NYLD) last posted its earnings results on Thursday, November 2nd. The utilities provider reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.31). The firm had revenue of $265.00 million for the quarter, compared to analyst estimates of $311.81 million. NRG Yield had a net margin of 4.10% and a return on equity of 1.76%. The company’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.30 earnings per share. equities research analysts predict that NRG Yield will post 0.81 earnings per share for the current fiscal year.
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The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a $0.288 dividend. This is a positive change from NRG Yield’s previous quarterly dividend of $0.28. This represents a $1.15 dividend on an annualized basis and a dividend yield of 5.89%. The ex-dividend date is Thursday, November 30th. NRG Yield’s dividend payout ratio is currently 266.67%.
Several large investors have recently modified their holdings of the company. Beach Investment Management LLC. lifted its stake in shares of NRG Yield by 1,025.8% in the 2nd quarter. Beach Investment Management LLC. now owns 1,373,543 shares of the utilities provider’s stock worth $24,174,000 after acquiring an additional 1,251,533 shares during the period. Rare Infrastructure Ltd lifted its stake in shares of NRG Yield by 20.0% in the 2nd quarter. Rare Infrastructure Ltd now owns 891,333 shares of the utilities provider’s stock worth $15,688,000 after acquiring an additional 148,338 shares during the period. GCA Investment Management LLC lifted its stake in NRG Yield by 25.3% during the second quarter. GCA Investment Management LLC now owns 784,524 shares of the utilities provider’s stock valued at $13,808,000 after purchasing an additional 158,200 shares during the last quarter. Capital Advisors Inc. OK lifted its stake in NRG Yield by 2.5% during the second quarter. Capital Advisors Inc. OK now owns 673,226 shares of the utilities provider’s stock valued at $11,849,000 after purchasing an additional 16,665 shares during the last quarter. Finally, Evergreen Capital Management LLC lifted its stake in NRG Yield by 16.8% during the second quarter. Evergreen Capital Management LLC now owns 635,870 shares of the utilities provider’s stock valued at $11,191,000 after purchasing an additional 91,365 shares during the last quarter. 28.48% of the stock is owned by institutional investors.
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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