Salient Mf Trust is Buying NRG Yield Inc. (NYSE:NYLD) Shares

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In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), NRG Yield Inc. (NYSE:NYLD) reported that Salient Mf Trust has picked up 1,543,952 of common stock as of 2017-06-08.

The acquisition brings the aggregate amount owned by Salient Mf Trust to a total of 1,543,952 representing less than 4.5% stake in the company.

For those not familiar with the company, NRG Yield, Inc. is a dividend growth-oriented company formed as a Delaware corporation on December 20, 2012, to serve as the primary vehicle through which NRG Energy, Inc. owns, operates and acquires contracted renewable and conventional generation and thermal infrastructure assets. The Company owns a diversified portfolio of contracted renewable and conventional generation and thermal infrastructure assets in the U.S.  The Company also owns thermal infrastructure assets with an aggregate steam and chilled water capacity of 1,449 net MWt and electric generation capacity of 124 net MW. These thermal infrastructure assets provide steam, hot water and/or chilled water, and in some instances electricity, to commercial businesses, universities, hospitals and governmental units in multiple locations, principally through long-term contracts or pursuant to rates regulated by state utility commissions.

A glance at NRG Yield Inc. (NYSE:NYLD)’s key stats reveals a current market capitalization of 1.11 Billion based on 63.21 Million shares outstanding and a price at last close of $17.70 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2016-11-08, Sotos picked up 6,400 at a purchase price of $15.67. This brings their total holding to 10,400 as of the date of the filing.

On the sell side, the most recent transaction saw Crane unload 250 shares at a sale price of $51.94. This brings their total holding to 0.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on NRG Yield Inc. (NYSE:NYLD) as things move forward to see if its progress aligns with these transactions.

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