NRG Yield, Inc. (NYLD) Stock Rating Lowered by BidaskClub
NRG Yield, Inc. (NYSE:NYLD) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Tuesday.
A number of other research analysts have also weighed in on NYLD. Deutsche Bank AG lowered shares of NRG Yield from a “buy” rating to a “hold” rating and decreased their price target for the company from $19.00 to $18.00 in a research note on Tuesday, July 18th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $17.00 price target on shares of NRG Yield in a research note on Monday, July 31st. Zacks Investment Research raised shares of NRG Yield from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Goldman Sachs Group, Inc. (The) lowered shares of NRG Yield from a “buy” rating to a “neutral” rating and set a $19.00 price target on the stock. in a research note on Wednesday, October 11th. Finally, Bank of America Corporation started coverage on shares of NRG Yield in a research note on Tuesday, October 24th. They issued a “neutral” rating and a $18.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. NRG Yield has an average rating of “Hold” and an average price target of $19.75.
NRG Yield (NYSE:NYLD) last issued its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.01. The firm had revenue of $284.00 million for the quarter, compared to analyst estimates of $297.66 million. NRG Yield had a net margin of 4.47% and a return on equity of 1.89%. NRG Yield’s quarterly revenue was up .4% compared to the same quarter last year. During the same period last year, the company posted $0.29 EPS.
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A number of hedge funds have recently added to or reduced their stakes in NYLD. Pacad Investment Ltd. raised its holdings in NRG Yield by 82.5% in the 2nd quarter. Pacad Investment Ltd. now owns 7,300 shares of the utilities provider’s stock valued at $128,000 after acquiring an additional 3,300 shares during the last quarter. Suntrust Banks Inc. acquired a new stake in NRG Yield in the 2nd quarter valued at about $176,000. WBI Investments Inc. acquired a new stake in NRG Yield in the 2nd quarter valued at about $178,000. Sei Investments Co. raised its holdings in NRG Yield by 32.2% in the 2nd quarter. Sei Investments Co. now owns 11,515 shares of the utilities provider’s stock valued at $202,000 after acquiring an additional 2,807 shares during the last quarter. Finally, Brookstone Capital Management acquired a new stake in NRG Yield in the 2nd quarter valued at about $284,000. Institutional investors own 28.41% 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.
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