(NYSE:NYLD) shares saw heavy trading volume with 840K shares changing hands on Friday. Volume was up 83.23% over the stocks average daily volume.
These firms have also modified their investment in NYLD. Bank Of Montreal /can/ downsized its holdings by selling 2,525 shares a decrease of 18.8% from 03/31/2017 to 06/30/2017. Bank Of Montreal /can/ owns 10,905 shares valued at $192,000. The value of the position overall is down by 19.3%. As of the end of the quarter Baird Financial Group, Inc. had bought 41,269 shares growing its stake by 30.1%. The value of the total investment in NRG Yield, Inc. Class C increased from $2,170,000 to $3,161,000 increasing 45.7% quarter over quarter.
Morgan Stanley reduced its stake by shedding 34,580 shares a decrease of 11.8% as of 03/31/2017. Morgan Stanley now holds 259,004 shares with a value of $4,584,000. The total value of its holdings decreased 1.2%. Nomura Holdings Inc bolstered its investment by buying 279,800 shares an increase of 6,661.9%. Nomura Holdings Inc controls 284,000 shares worth $5,018,000. The total value of its holdings increased 6,869.4%.
On November 8, 2016 the stock rating was changed to a “Outperform” by Avondale Partners which was a boost from the previous “Outperform” rating. Oppenheimer initiated coverage giving it an initial rating of “Perform”.
March 2 investment analysts at Barclays kept the company rating at “Overweight” and lowered the price target from $20.00 to $19.00. On January 29, 2016 Guggenheim Securities added the stock to its research portfolio setting a rating of “Neutral”.
On January 4 Barclays left the company rating at “Overweight” and raised the price expectation to $20.00 from $18.00. Equity analyst Citigroup started covering the stock with a rating of “Buy”.
The company is so far trading up since yesterday’s close of $17.45. The company recently announced a dividend for shareholders paid on Thursday June 15th, 2017. The dividend payment was $0.270 per share for the quarter or $1.08 annualized. The dividend yield was $6.19. The ex-dividend date was set for Tuesday the 30th of May 2017.
It is trading at $17.90 just above $17.63, the 50 day moving average and slightly over the 200 day moving average of $17.08. The 50 day moving average went up by +1.53% and the 200 day average was up $0.82.
The most current P/E ratio is 35.80 and market capitalization is 1.75B.
NRG Yield, Inc., launched on December 20, 2012, is a holding company. The Business’s segments include Conventional Generation, Renewables, Thermal and Corporate. The Business’s businesses are segregated based on conventional power generation, renewable businesses, which consist of solar and wind, and the thermal and chilled water business. The Company holds interest in Alta Wind Asset Management Holdings, LLC, Alta Wind Company, LLC, Alta Wind X Holding Company, LLC and Alta Wind XI Holding Company, LLC. As of December 31, 2016, these collectively owned seven wind facilities that totaled 947 megawatts (MW) located in Tehachapi, California, and a portfolio of associated land leases (the Alta Wind Portfolio)..