(NYSE:NYLD) shares saw heavy trading volume with 840K shares changing hands in the last trading session. Volume was up 83.23% over the stocks average daily volume.
Here are a few other firms who have also updated their positions. As of the end of the quarter Bank Of Montreal /can/ had disposed of a total of 2,525 shares trimming its stake by 18.8%. The value of the company’s investment in NRG Yield, Inc. Class C went from $238,000 to $192,000 decreasing 19.3% quarter to quarter. As of quarter end Baird Financial Group, Inc. had bought 41,269 shares growing its position 30.1%. The value in dollars increased from $2,170,000 to $3,161,000 a change of $991,000 for the reporting period.
As of quarter end Morgan Stanley had sold a total of 34,580 shares trimming its holdings by 11.8%. The value of the investment in NYLD decreased from $4,639,000 to $4,584,000 a change of 1.2% since the last quarter. Nomura Holdings Inc expanded its position by buying 279,800 shares an increase of 6,661.9%. Nomura Holdings Inc controls 284,000 shares worth $5,018,000. The value of the position overall is up by 6,869.4%.
On November 8, 2016 the stock rating was set at “Outperform” in a report from Avondale Partners up from the previous “Outperform” rating. On September 8 analysts at Oppenheimer initiated coverage setting a rating of “Perform”.
On March 2 Barclays made no change to the stock rating of “Overweight” but moved down the price target from $20.00 to $19.00. Guggenheim Securities added NYLD to its research portfolio with an initial rating of “Neutral”.
January 4 investment analysts at Barclays made no change to the company rating of “Overweight” but raised the price expectation to $20.00 from $18.00. On December 1, 2015 Citigroup began coverage of NYLD giving it an initial rating of “Buy”.
In the market the company is trading up since yesterday’s close of $17.45. The company also declared a dividend paid on Thursday June 15th, 2017. The dividend was $0.270 per share for the quarter or $1.08 on an annualized basis. The dividend yield was $6.03. The ex-dividend date was set for Tuesday the 30th of May 2017.
Shares of the company are trading at $17.90 a tad above $17.63, the 50 day moving average and which is just over the 200 day moving average of $17.08. The 50 day moving average moved up $0.27 and the 200 day average was up $0.82.
The company currently has a P/E ratio of 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)..