RBC Capital Reaffirms Their Hold Rating on NRG Yield Inc

By Carrie Williams

RBC Capital analyst Shelby Tucker reiterated a Hold rating on NRG Yield Inc (NYSE: NYLD) yesterday and set a price target of $17. The company’s shares opened today at $18.55, close to its 52-week high of $18.75.

According to TipRanks.com, Tucker is a 5-star analyst with an average return of 7.7% and a 78.7% success rate. Tucker covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, Public Service Enterprise, and American Electric Power.

Currently, the analyst consensus on NRG Yield Inc is Hold and the average price target is $17.50, representing a -5.7% downside.

In a report issued on July 18, Deutsche Bank also downgraded the stock to Hold with a $18 price target.

Based on NRG Yield Inc’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $218 million and GAAP net loss of $3 million. In comparison, last year the company earned revenue of $258 million and had a net profit of $32 million.

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NRG Yield, Inc. operates as a dividend growth-oriented company. It owns a portfolio of contracted renewable and conventional generation and thermal infrastructure assets.