NRG Yield, Inc. (NYLD) Earns “Hold” Rating from Royal Bank Of Canada

Royal Bank Of Canada reissued their hold rating on shares of NRG Yield, Inc. (NYSE:NYLD) in a report issued on Wednesday. The firm currently has a $17.00 price target on the utilities provider’s stock.

NYLD has been the topic of several other reports. Bank of America Corporation began coverage on shares of NRG Yield in a report on Tuesday, October 24th. They set a neutral rating and a $18.00 price target on the stock. Zacks Investment Research upgraded shares of NRG Yield from a sell rating to a hold rating in a report on Tuesday, August 8th. Goldman Sachs Group, Inc. (The) downgraded shares of NRG Yield from a buy rating to a neutral rating and set a $19.00 price target on the stock. in a report on Wednesday, October 11th. Deutsche Bank AG downgraded shares of NRG Yield from a buy rating to a hold rating and cut their price target for the company from $19.00 to $18.00 in a report on Tuesday, July 18th. Finally, BidaskClub downgraded shares of NRG Yield from a buy rating to a hold rating in a report on Tuesday, October 31st. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $19.75.

NRG Yield (NYLD) opened at $19.70 on Wednesday. The company has a market cap of $3,640.15, a PE ratio of 46.90, a P/E/G ratio of 0.97 and a beta of 2.53. NRG Yield has a fifty-two week low of $14.60 and a fifty-two week high of $20.15. The company has a current ratio of 1.06, a quick ratio of 0.98 and a debt-to-equity ratio of 2.40.

NRG Yield (NYSE:NYLD) last issued its quarterly earnings results on Thursday, November 2nd. The utilities provider reported $0.27 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.31). The firm had revenue of $265.00 million for the quarter, compared to the consensus estimate of $311.81 million. NRG Yield had a net margin of 4.10% and a return on equity of 1.76%. The business’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.30 earnings per share. equities 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 announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a $0.288 dividend. This is an increase from NRG Yield’s previous quarterly dividend of $0.28. This represents a $1.15 dividend on an annualized basis and a yield of 5.85%. The ex-dividend date of this dividend is Thursday, November 30th. NRG Yield’s dividend payout ratio is currently 266.67%.

A number of hedge funds have recently modified their holdings of NYLD. Migdal Insurance & Financial Holdings Ltd. bought a new position in NRG Yield in the 3rd quarter worth about $116,000. Pacad Investment Ltd. grew its stake in NRG Yield by 82.5% in the 2nd quarter. Pacad Investment Ltd. now owns 7,300 shares of the utilities provider’s stock worth $128,000 after acquiring an additional 3,300 shares in the last quarter. Invictus RG bought a new position in NRG Yield in the 3rd quarter worth about $135,000. Suntrust Banks Inc. bought a new position in NRG Yield in the 2nd quarter worth about $176,000. Finally, WBI Investments Inc. bought a new position in NRG Yield in the 2nd quarter worth about $178,000. Institutional investors and hedge funds own 28.22% of the company’s stock.

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.

Analyst Recommendations for NRG Yield (NYSE:NYLD)

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