Doyle Wealth Management acquired a new stake in NRG Yield, Inc. (NYSE:NYLD) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 51,311 shares of the utilities provider’s stock, valued at approximately $990,000. Doyle Wealth Management owned approximately 0.05% of NRG Yield as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NYLD. Grand Jean Capital Management Inc. lifted its holdings in shares of NRG Yield by 4.5% in the 2nd quarter. Grand Jean Capital Management Inc. now owns 22,080 shares of the utilities provider’s stock worth $389,000 after purchasing an additional 960 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of NRG Yield by 2.6% in the 1st quarter. Principal Financial Group Inc. now owns 48,488 shares of the utilities provider’s stock worth $858,000 after acquiring an additional 1,214 shares during the last quarter. Janus Capital Management LLC grew its holdings in shares of NRG Yield by 7.1% in the 1st quarter. Janus Capital Management LLC now owns 28,600 shares of the utilities provider’s stock worth $506,000 after acquiring an additional 1,900 shares during the last quarter. Sei Investments Co. boosted its position in shares of NRG Yield by 32.2% in the second quarter. Sei Investments Co. now owns 11,515 shares of the utilities provider’s stock worth $202,000 after buying an additional 2,807 shares during the period. Finally, Pacad Investment Ltd. boosted its position in shares of NRG Yield by 82.5% in the second quarter. Pacad Investment Ltd. now owns 7,300 shares of the utilities provider’s stock worth $128,000 after buying an additional 3,300 shares during the period. Hedge funds and other institutional investors own 28.22% of the company’s stock.
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Shares of NRG Yield, Inc. (NYSE:NYLD) traded up $0.10 on Tuesday, hitting $19.65. 608,600 shares of the stock traded hands, compared to its average volume of 540,269. The company has a market capitalization of $3,612.43, a PE ratio of 46.55, a PEG ratio of 0.97 and a beta of 2.53. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.06 and a quick ratio of 0.98. NRG Yield, Inc. has a 12 month low of $14.60 and a 12 month high of $20.00.
NRG Yield (NYSE:NYLD) last posted its 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). NRG Yield had a return on equity of 1.76% and a net margin of 4.10%. The business had revenue of $265.00 million for the quarter, compared to the consensus estimate of $311.81 million. During the same period in the previous year, the firm earned $0.30 earnings per share. The company’s revenue was down 2.6% on a year-over-year basis. sell-side analysts forecast that NRG Yield, Inc. will post 0.81 EPS for the current year.
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 represents a $1.15 dividend on an annualized basis and a yield of 5.86%. This is a boost from NRG Yield’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Thursday, November 30th. NRG Yield’s payout ratio is presently 266.67%.
A number of analysts recently issued reports on the company. Zacks Investment Research cut NRG Yield from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. BidaskClub upgraded NRG Yield from a “hold” rating to a “buy” rating in a research note on Tuesday, November 7th. Royal Bank Of Canada reissued a “hold” rating and issued a $17.00 target price on shares of NRG Yield in a report on Monday, July 31st. Goldman Sachs Group, Inc. (The) downgraded NRG Yield from a “buy” rating to a “neutral” rating and set a $19.00 target price on the stock. in a report on Wednesday, October 11th. Finally, Deutsche Bank AG downgraded NRG Yield from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $19.00 to $18.00 in a report on Tuesday, July 18th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. NRG Yield currently has a consensus rating of “Hold” and a consensus target price of $19.75.
NRG Yield 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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