BB&T Securities LLC Takes Position in NRG Yield, Inc. Class C (NYLD)

BB&T Securities LLC purchased a new stake in shares of NRG Yield, Inc. Class C (NYSE:NYLD) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 14,787 shares of the utilities provider’s stock, valued at approximately $285,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of NRG Yield, Inc. Class C during the 3rd quarter valued at about $116,000. Pacad Investment Ltd. grew its stake in shares of NRG Yield, Inc. Class C by 82.5% during the 2nd quarter. Pacad Investment Ltd. now owns 7,300 shares of the utilities provider’s stock valued at $128,000 after purchasing an additional 3,300 shares during the period. Suntrust Banks Inc. bought a new stake in shares of NRG Yield, Inc. Class C during the 2nd quarter valued at about $176,000. WBI Investments Inc. bought a new stake in shares of NRG Yield, Inc. Class C during the 2nd quarter valued at about $178,000. Finally, Sei Investments Co. grew its stake in shares of NRG Yield, Inc. Class C by 32.2% during the 2nd quarter. Sei Investments Co. now owns 11,515 shares of the utilities provider’s stock valued at $202,000 after purchasing an additional 2,807 shares during the period. Institutional investors and hedge funds own 29.64% of the company’s stock.

Shares of NRG Yield, Inc. Class C (NYLD) traded down $0.10 during trading hours on Wednesday, hitting $18.70. The company had a trading volume of 641,100 shares, compared to its average volume of 535,303. The company has a market cap of $3,473.84, a P/E ratio of 44.76, a PEG ratio of 0.93 and a beta of 2.52. The company has a current ratio of 1.06, a quick ratio of 0.98 and a debt-to-equity ratio of 2.40. NRG Yield, Inc. Class C has a 52 week low of $15.35 and a 52 week high of $20.15.

NRG Yield, Inc. Class C (NYSE:NYLD) last announced its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.31). The company had revenue of $265.00 million for the quarter, compared to the consensus estimate of $311.81 million. NRG Yield, Inc. Class C had a net margin of 4.10% and a return on equity of 1.76%. The company’s revenue was down 2.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.30 earnings per share. research analysts predict that NRG Yield, Inc. Class C will post 0.81 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $0.288 dividend. The ex-dividend date is Thursday, November 30th. This is a boost from NRG Yield, Inc. Class C’s previous quarterly dividend of $0.28. This represents a $1.15 dividend on an annualized basis and a yield of 6.16%. NRG Yield, Inc. Class C’s payout ratio is currently 273.81%.

A number of equities research analysts have issued reports on the company. BidaskClub upgraded NRG Yield, Inc. Class C from a “hold” rating to a “buy” rating in a research note on Tuesday, November 7th. Zacks Investment Research downgraded NRG Yield, Inc. Class C from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Bank of America assumed coverage on NRG Yield, Inc. Class C in a research note on Tuesday, October 24th. They set a “neutral” rating and a $18.00 price objective for the company. Royal Bank of Canada reiterated a “hold” rating and set a $17.00 price objective on shares of NRG Yield, Inc. Class C in a research note on Wednesday, November 15th. Finally, Goldman Sachs Group downgraded NRG Yield, Inc. Class C from a “buy” rating to a “neutral” rating and set a $19.00 price objective for the company. in a research note on Wednesday, October 11th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $19.75.

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NRG Yield, Inc. Class C 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.

Institutional Ownership by Quarter for NRG Yield, Inc. Class C (NYSE:NYLD)

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