NRG Yield, Inc. Class C (NYSE:NYLD) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Wednesday, March 14th.
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. “
A number of other research analysts also recently commented on the company. Morgan Stanley lowered their target price on NRG Yield, Inc. Class C from $21.00 to $18.00 and set an “overweight” rating for the company in a research report on Tuesday, February 13th. Guggenheim upgraded NRG Yield, Inc. Class C from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 2nd. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $17.00 target price on shares of NRG Yield, Inc. Class C in a research report on Wednesday, November 15th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $19.29.
NYLD traded down $0.10 during trading on Wednesday, reaching $17.25. 724,555 shares of the company traded hands, compared to its average volume of 575,180. The company has a debt-to-equity ratio of 2.59, a current ratio of 0.99 and a quick ratio of 0.91. NRG Yield, Inc. Class C has a 12-month low of $15.55 and a 12-month high of $20.15. The firm has a market cap of $3,187.66, a P/E ratio of 21.30, a price-to-earnings-growth ratio of 0.63 and a beta of 2.19.
NRG Yield, Inc. Class C (NYSE:NYLD) last announced its quarterly earnings data on Thursday, March 1st. The utilities provider reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). NRG Yield, Inc. Class C had a negative net margin of 1.59% and a positive return on equity of 3.17%. The company had revenue of $242.00 million for the quarter, compared to analysts’ expectations of $248.92 million. sell-side analysts anticipate that NRG Yield, Inc. Class C will post 0.89 earnings per share for the current year.
In other NRG Yield, Inc. Class C news, insider Christopher S. Sotos bought 6,200 shares of NRG Yield, Inc. Class C stock in a transaction on Monday, March 5th. The shares were acquired at an average price of $16.16 per share, for a total transaction of $100,192.00. Following the completion of the purchase, the insider now directly owns 16,600 shares in the company, valued at approximately $268,256. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.24% of the company’s stock.
Several institutional investors have recently made changes to their positions in NYLD. State of Wisconsin Investment Board increased its stake in shares of NRG Yield, Inc. Class C by 171.0% during the fourth quarter. State of Wisconsin Investment Board now owns 1,200,000 shares of the utilities provider’s stock valued at $22,680,000 after buying an additional 757,154 shares during the period. AMP Capital Investors Ltd purchased a new position in shares of NRG Yield, Inc. Class C during the third quarter valued at $2,379,000. First Trust Advisors LP increased its stake in shares of NRG Yield, Inc. Class C by 82.3% during the third quarter. First Trust Advisors LP now owns 261,556 shares of the utilities provider’s stock valued at $5,048,000 after buying an additional 118,077 shares during the period. TCW Group Inc. grew its stake in NRG Yield, Inc. Class C by 348.0% in the fourth quarter. TCW Group Inc. now owns 123,198 shares of the utilities provider’s stock valued at $2,329,000 after purchasing an additional 95,698 shares during the last quarter. Finally, Messner & Smith Theme Value Investment Management Ltd. CA purchased a new position in NRG Yield, Inc. Class C in the fourth quarter valued at about $1,415,000. Hedge funds and other institutional investors own 29.13% of the company’s stock.
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About NRG Yield, Inc. Class C
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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