NRG Yield, Inc. Class C (NYSE:NYLD) CFO Acquires $20,150.00 in Stock

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NRG Yield, Inc. Class C (NYSE:NYLD) CFO Chad Plotkin bought 1,250 shares of the firm’s stock in a transaction that occurred on Friday, March 9th. The shares were purchased at an average cost of $16.12 per share, with a total value of $20,150.00. Following the acquisition, the chief financial officer now directly owns 3,997 shares of the company’s stock, valued at $64,431.64. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

NRG Yield, Inc. Class C stock opened at $17.25 on Friday. The company has a market capitalization of $3,178.42, a PE ratio of 21.30, a price-to-earnings-growth ratio of 0.62 and a beta of 2.19. NRG Yield, Inc. Class C has a 12 month low of $15.55 and a 12 month high of $20.15. 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 (NYSE:NYLD) last posted its quarterly earnings data on Thursday, March 1st. The utilities provider reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.01). The business had revenue of $242.00 million during the quarter, compared to analysts’ expectations of $248.92 million. NRG Yield, Inc. Class C had a negative net margin of 1.59% and a positive return on equity of 3.17%. equities analysts predict that NRG Yield, Inc. Class C will post 0.89 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st were given a $0.298 dividend. The ex-dividend date was Wednesday, February 28th. This is a boost from NRG Yield, Inc. Class C’s previous quarterly dividend of $0.29. This represents a $1.19 dividend on an annualized basis and a dividend yield of 6.91%. NRG Yield, Inc. Class C’s payout ratio is 146.91%.

Several institutional investors have recently bought and sold shares of the company. Beach Investment Counsel Inc. PA increased its position in shares of NRG Yield, Inc. Class C by 0.3% in the fourth quarter. Beach Investment Counsel Inc. PA now owns 1,373,592 shares of the utilities provider’s stock valued at $25,961,000 after buying an additional 3,974 shares in the last quarter. State of Wisconsin Investment Board increased its position 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 worth $22,680,000 after purchasing an additional 757,154 shares in the last quarter. Cushing Asset Management LP increased its position in shares of NRG Yield, Inc. Class C by 11.1% during the fourth quarter. Cushing Asset Management LP now owns 500,100 shares of the utilities provider’s stock worth $9,452,000 after purchasing an additional 50,000 shares in the last quarter. Roystone Capital Management LP increased its position in shares of NRG Yield, Inc. Class C by 0.7% during the fourth quarter. Roystone Capital Management LP now owns 422,500 shares of the utilities provider’s stock worth $7,985,000 after purchasing an additional 3,100 shares in the last quarter. Finally, Credit Capital Investments LLC increased its position in shares of NRG Yield, Inc. Class C by 1.8% during the fourth quarter. Credit Capital Investments LLC now owns 280,046 shares of the utilities provider’s stock worth $5,293,000 after purchasing an additional 5,000 shares in the last quarter. Institutional investors and hedge funds own 29.13% of the company’s stock.

NYLD has been the subject of a number of analyst reports. Morgan Stanley decreased their price target on NRG Yield, Inc. Class C from $21.00 to $18.00 and set an “overweight” rating for the company in a report on Tuesday, February 13th. Zacks Investment Research downgraded NRG Yield, Inc. Class C from a “hold” rating to a “strong sell” rating in a report on Saturday, January 13th. ValuEngine downgraded NRG Yield, Inc. Class C from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Finally, Guggenheim raised NRG Yield, Inc. Class C from a “neutral” rating to a “buy” rating in a report on Tuesday, January 2nd. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. NRG Yield, Inc. Class C presently has a consensus rating of “Hold” and an average price target of $19.29.

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NRG Yield, Inc. Class C Company Profile

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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