NRG Yield Inc. (NYLD) Downgraded by Zacks Investment Research
NRG Yield Inc. (NYSE:NYLD) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.
According to Zacks, “NRG Yield, Inc. acquires, owns and operates contracted renewable and conventional generation as well as thermal infrastructure assets primarily in the United States through its subsidiaries. NRG Yield, Inc. is based in Princeton, New Jersey. “
NYLD has been the topic of a number of other reports. Oppenheimer Holdings Inc. assumed coverage on shares of NRG Yield in a research report on Thursday, September 8th. They set a “market perform” rating on the stock. Deutsche Bank AG restated a “buy” rating on shares of NRG Yield in a research report on Wednesday, August 10th. Avondale Partners lowered shares of NRG Yield from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 10th. Finally, Barclays PLC lowered their price target on shares of NRG Yield from $20.00 to $19.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $18.20.
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Shares of NRG Yield (NYSE:NYLD) opened at 16.70 on Wednesday. NRG Yield has a 52-week low of $10.49 and a 52-week high of $18.56. The company has a 50-day moving average of $17.38 and a 200-day moving average of $15.77. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of 25.57 and a beta of 2.64.
NRG Yield (NYSE:NYLD) last released its quarterly earnings data on Tuesday, August 9th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by $0.32. NRG Yield had a net margin of 7.48% and a return on equity of 2.71%. The firm earned $258 million during the quarter, compared to analysts’ expectations of $274.02 million. During the same period in the previous year, the firm posted ($0.07) EPS. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. Equities research analysts anticipate that NRG Yield will post $0.93 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.75%. This is an increase from NRG Yield’s previous quarterly dividend of $0.23. The ex-dividend date was Tuesday, August 30th. NRG Yield’s payout ratio is 139.13%.
Several large investors have recently added to or reduced their stakes in the stock. Credit Capital Investments LLC increased its stake in shares of NRG Yield by 12,982.5% in the second quarter. Credit Capital Investments LLC now owns 5,612,400 shares of the company’s stock valued at $5,612,000 after buying an additional 5,569,500 shares during the last quarter. Beach Investment Counsel Inc. PA increased its stake in shares of NRG Yield by 49.2% in the second quarter. Beach Investment Counsel Inc. PA now owns 932,261 shares of the company’s stock valued at $14,534,000 after buying an additional 307,546 shares during the last quarter. Evergreen Capital Management LLC acquired a new stake in shares of NRG Yield during the second quarter valued at $9,602,000. Capital Advisors Inc. OK increased its stake in shares of NRG Yield by 5.1% in the second quarter. Capital Advisors Inc. OK now owns 483,744 shares of the company’s stock valued at $7,542,000 after buying an additional 23,348 shares during the last quarter. Finally, Kleinwort Benson Investors Dublin Ltd acquired a new stake in shares of NRG Yield during the second quarter valued at $6,108,000. 31.48% of the stock is currently owned by institutional investors and hedge funds.
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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