News stories about NRG Yield, Inc. Class C (NYSE:NYLD) have trended somewhat negative this week, Alpha One Sentiment reports. The research firm, a subsidiary of Accern, rates the sentiment of news coverage by analyzing more than twenty million news and blog sources. Alpha One ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. NRG Yield, Inc. Class C earned a media sentiment score of -0.06 on Alpha One’s scale. Alpha One also assigned media coverage about the utilities provider an impact score of 90 out of 100, meaning that recent news coverage is very likely to have an impact on the company’s share price in the near term.
NYLD has been the topic of a number of recent analyst reports. Citigroup Inc lifted their price objective on NRG Yield, Inc. Class C from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, January 23rd. Morgan Stanley lowered NRG Yield, Inc. Class C from an “overweight” rating to an “equal weight” rating and set a $21.00 price objective on the stock. in a research note on Wednesday, February 15th. Guggenheim lowered NRG Yield, Inc. Class C from a “buy” rating to a “neutral” rating in a research note on Wednesday, March 1st. Zacks Investment Research lowered NRG Yield, Inc. Class C from a “hold” rating to a “sell” rating in a research note on Thursday, March 2nd. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a $24.00 price objective (up from $20.00) on shares of NRG Yield, Inc. Class C in a research note on Sunday, April 23rd. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $19.67.
NRG Yield, Inc. Class C (NYSE:NYLD) traded up 2.05% during trading on Friday, hitting $17.40. The company had a trading volume of 655,905 shares. The company’s 50 day moving average price is $17.33 and its 200-day moving average price is $16.61. NRG Yield, Inc. Class C has a 1-year low of $13.98 and a 1-year high of $18.56. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 34.80 and a beta of 2.61.
NRG Yield, Inc. Class C (NYSE:NYLD) last posted its quarterly earnings results on Tuesday, May 2nd. The utilities provider reported ($0.03) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.03). NRG Yield, Inc. Class C had a return on equity of 3.25% and a net margin of 8.65%. The business had revenue of $218 million for the quarter, compared to analyst estimates of $195.91 million. During the same period last year, the company earned $0.33 EPS. On average, analysts expect that NRG Yield, Inc. Class C will post $0.93 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, June 1st will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 6.33%. This is a positive change from NRG Yield, Inc. Class C’s previous quarterly dividend of $0.26. The ex-dividend date is Tuesday, May 30th. NRG Yield, Inc. Class C’s dividend payout ratio (DPR) is presently 123.46%.
About NRG Yield, Inc. Class C
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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