Baird Financial Group Inc. boosted its position in shares of NRG Yield, Inc. (NYSE:NYLD) by 30.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 178,581 shares of the utilities provider’s stock after buying an additional 41,269 shares during the period. Baird Financial Group Inc. owned 0.18% of NRG Yield worth $3,161,000 as of its most recent filing with the SEC.
A number of other large investors have also recently added to or reduced their stakes in the stock. US Bancorp DE raised its position in shares of NRG Yield by 1.9% in the third quarter. US Bancorp DE now owns 5,890 shares of the utilities provider’s stock valued at $100,000 after buying an additional 109 shares in the last quarter. Glassman Wealth Services acquired a new position in NRG Yield during the fourth quarter worth about $119,000. Bayesian Capital Management LP acquired a new position in NRG Yield during the fourth quarter worth about $190,000. OTA Financial Group L.P. acquired a new position in NRG Yield during the first quarter worth about $213,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in NRG Yield during the fourth quarter worth about $235,000. 32.27% of the stock is owned by institutional investors and hedge funds.
Shares of NRG Yield, Inc. (NYSE NYLD) opened at 17.55 on Friday. NRG Yield, Inc. has a 52-week low of $13.98 and a 52-week high of $18.56. The company has a market capitalization of $1.72 billion, a P/E ratio of 35.10 and a beta of 2.55. The firm’s 50 day moving average is $17.48 and its 200-day moving average is $16.93.
NRG Yield (NYSE:NYLD) last announced its quarterly earnings results on Tuesday, May 2nd. The utilities provider reported ($0.03) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.03). NRG Yield had a return on equity of 2.01% and a net margin of 5.00%. The firm had revenue of $218 million for the quarter, compared to analyst estimates of $195.91 million. During the same period last year, the firm posted $0.33 earnings per share. Equities research analysts anticipate that NRG Yield, Inc. will post $0.93 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 6.15%. This is a positive change from NRG Yield’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Tuesday, May 30th. NRG Yield’s dividend payout ratio (DPR) is presently 225.00%.
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A number of research firms have recently issued reports on NYLD. Zacks Investment Research downgraded shares of NRG Yield from a “hold” rating to a “strong sell” rating in a research report on Friday, June 9th. Guggenheim downgraded shares of NRG Yield from a “buy” rating to a “neutral” rating in a research report on Wednesday, March 1st. Barclays PLC reiterated an “overweight” rating and issued a $24.00 price objective (up from $20.00) on shares of NRG Yield in a research report on Sunday, April 23rd. Finally, Williams Capital reiterated a “buy” rating on shares of NRG Yield in a research report on Thursday, June 1st. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. NRG Yield currently has a consensus rating of “Hold” and a consensus target price of $19.67.
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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