Driehaus Capital Management LLC lowered its stake in NRG Yield, Inc. Class C (NYSE:NYLD) by 51.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 38,064 shares of the utilities provider’s stock after selling 39,736 shares during the quarter. Driehaus Capital Management LLC’s holdings in NRG Yield, Inc. Class C were worth $719,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. Invictus RG acquired a new stake in shares of NRG Yield, Inc. Class C in the 3rd quarter valued at about $135,000. Whittier Trust Co. grew its holdings in NRG Yield, Inc. Class C by 77.2% during the fourth quarter. Whittier Trust Co. now owns 7,540 shares of the utilities provider’s stock worth $142,000 after purchasing an additional 3,286 shares during the period. Financial Gravity Companies Inc. bought a new position in NRG Yield, Inc. Class C during the fourth quarter worth about $176,000. BB&T Securities LLC bought a new position in NRG Yield, Inc. Class C during the third quarter worth about $285,000. Finally, Yorktown Management & Research Co Inc bought a new position in NRG Yield, Inc. Class C during the third quarter worth about $320,000. 29.13% of the stock is currently owned by institutional investors.
In other news, insider Christopher S. Sotos purchased 6,200 shares of the business’s stock in a transaction on Monday, March 5th. The shares were acquired at an average price of $16.16 per share, with a total value of $100,192.00. Following the acquisition, the insider now directly owns 16,600 shares in the company, valued at $268,256. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.24% of the stock is owned by company insiders.
NYLD traded down $0.10 on Friday, hitting $17.25. The company’s stock had a trading volume of 724,555 shares, compared to its average volume of 753,525. The company has a market cap of $3,178.42, a PE ratio of 21.30, a price-to-earnings-growth ratio of 0.62 and a beta of 2.19. NRG Yield, Inc. Class C has a 12 month low of $15.55 and a 12 month high of $20.15. The company has a current ratio of 0.99, a quick ratio of 0.91 and a debt-to-equity ratio of 2.59.
NRG Yield, Inc. Class C (NYSE:NYLD) last posted its earnings results on Thursday, March 1st. The utilities provider reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.01). The firm had revenue of $242.00 million during the quarter, compared to analysts’ expectations of $248.92 million. NRG Yield, Inc. Class C had a positive return on equity of 3.17% and a negative net margin of 1.59%. research analysts forecast that NRG Yield, Inc. Class C will post 0.89 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, March 1st were given a $0.298 dividend. This represents a $1.19 dividend on an annualized basis and a yield of 6.91%. The ex-dividend date of this dividend was Wednesday, February 28th. This is a boost from NRG Yield, Inc. Class C’s previous quarterly dividend of $0.29. NRG Yield, Inc. Class C’s dividend payout ratio (DPR) is presently 146.91%.
Several equities research analysts have issued reports on the stock. ValuEngine downgraded shares of NRG Yield, Inc. Class C from a “buy” rating to a “hold” rating in a research report on Monday. Morgan Stanley decreased their target price on shares of NRG Yield, Inc. Class C from $21.00 to $18.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 13th. Guggenheim raised shares of NRG Yield, Inc. Class C from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 2nd. Finally, Zacks Investment Research raised shares of NRG Yield, Inc. Class C from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 14th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the stock. NRG Yield, Inc. Class C has a consensus rating of “Hold” and a consensus target price of $19.29.
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NRG Yield, Inc. Class C Company Profile
NRG Yield, Inc, through its subsidiaries, acquires, owns, and operates contracted renewable and conventional generation, and thermal infrastructure assets in the United States. As of December 31, 2017, it had contracted renewable and conventional generation portfolio of 5,118 net megawatt (MW). The company also owns thermal infrastructure assets with an aggregate steam and chilled water capacity of 1,319 net MW thermal equivalents, and electric generation capacity of 123 net MW.
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