Evergreen Capital Management LLC decreased its stake in shares of NRG Yield, Inc. (NYSE:NYLD) by 13.8% during the first quarter, according to its most recent filing with the SEC. The fund owned 544,505 shares of the utilities provider’s stock after selling 87,480 shares during the period. NRG Yield accounts for 2.0% of Evergreen Capital Management LLC’s investment portfolio, making the stock its 13th largest position. Evergreen Capital Management LLC owned about 0.56% of NRG Yield worth $9,638,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of NYLD. Eventide Asset Management LLC boosted its stake in NRG Yield by 8.3% in the fourth quarter. Eventide Asset Management LLC now owns 65,000 shares of the utilities provider’s stock worth $1,027,000 after buying an additional 5,000 shares during the last quarter. Two Sigma Investments LP purchased a new stake in shares of NRG Yield during the fourth quarter worth about $785,000. Janus Capital Management LLC raised its position in NRG Yield by 7.2% in the fourth quarter. Janus Capital Management LLC now owns 26,700 shares of the utilities provider’s stock worth $422,000 after buying an additional 1,800 shares during the last quarter. Glassman Wealth Services bought a new position in NRG Yield during the fourth quarter worth $119,000. Finally, Advisory Research Inc. raised its position in NRG Yield by 35.3% in the fourth quarter. Advisory Research Inc. now owns 1,854,888 shares of the utilities provider’s stock worth $29,307,000 after buying an additional 483,942 shares during the last quarter. Institutional investors and hedge funds own 32.27% of the company’s stock.
NRG Yield, Inc. (NYLD) opened at 17.55 on Friday. The company has a market cap of $1.72 billion, a P/E ratio of 35.10 and a beta of 2.55. The company’s 50 day moving average price is $17.48 and its 200-day moving average price is $16.93. NRG Yield, Inc. has a one year low of $13.98 and a one year high of $18.56.
NRG Yield (NYSE:NYLD) last announced its earnings results on Tuesday, May 2nd. The utilities provider reported ($0.03) EPS for the quarter, meeting analysts’ consensus estimates of ($0.03). The business had revenue of $218 million during the quarter, compared to analysts’ expectations of $195.91 million. NRG Yield had a return on equity of 2.01% and a net margin of 5.00%. During the same quarter in the prior year, the firm earned $0.33 earnings per share. On average, analysts forecast that NRG Yield, Inc. will post $0.93 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st were given a $0.27 dividend. The ex-dividend date was Tuesday, May 30th. This is a positive change from NRG Yield’s previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a dividend yield of 6.15%. NRG Yield’s dividend payout ratio is 225.00%.
NYLD has been the subject of several recent analyst reports. Williams Capital reissued a “buy” rating on shares of NRG Yield in a report on Thursday, June 1st. Zacks Investment Research raised NRG Yield from a “strong sell” rating to a “hold” rating in a report on Friday, March 31st. Guggenheim downgraded NRG Yield from a “buy” rating to a “neutral” rating in a research report on Wednesday, March 1st. Finally, Barclays PLC restated an “overweight” rating and issued a $24.00 target price (up previously from $20.00) on shares of NRG Yield in a research report on Sunday, April 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $19.67.
About NRG Yield
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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