Is NRG Yield, Inc. (NYLD) A Good Stock To Buy?

Seeing as NRG Yield, Inc. Class C (NYSE:NYLD) has gone through a decline in interest from hedge fund managers, we can see that there exists a select few hedgies who were dropping their positions entirely by the end of the third quarter. It’s worth mentioning that Eric Edidin and Josh Lobel’s Archer Capital Management got rid of the largest position of all the hedgies watched by Insider Monkey, valued at an estimated $24.8 million in stock. Robert Pitts’ fund, Steadfast Capital Management, also sold off its stock, about $14.6 million worth.

Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as NRG Yield, Inc. Class C (NYSE:NYLD) but similarly valued. These stocks are Laredo Petroleum Holdings Inc (NYSE:LPI), Energizer Holdings, Inc. (NYSE:ENR), Integra Lifesciences Holdings Corp (NASDAQ:IART), and United States Cellular Corporation (NYSE:USM). All of these stocks’ market caps resemble NYLD’s market cap.

As you can see these stocks had an average of 18 hedge funds with bullish positions and the average amount invested in these stocks was $253 million. That figure was $210 million in NYLD’s case. Laredo Petroleum Holdings Inc (NYSE:LPI) is the most popular stock in this table. On the other hand United States Cellular Corporation (NYSE:USM) is the least popular one with only 11 bullish hedge fund positions. Compared to these stocks NRG Yield, Inc. Class C (NYSE:NYLD) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

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