Atlantica Yield PLC (NASDAQ:aby) announced a quarterly dividend on Tuesday, May 16th, NASDAQ reports. Investors of record on Wednesday, May 31st will be paid a dividend of 0.25 per share by the utilities provider on Thursday, June 15th. This represents a $1.00 annualized dividend and a yield of 4.88%. The ex-dividend date of this dividend is Friday, May 26th.
Shares of Atlantica Yield PLC (ABY) traded down 1.16% during mid-day trading on Friday, reaching $20.49. 690,135 shares of the company traded hands. Atlantica Yield PLC has a 52-week low of $16.18 and a 52-week high of $22.87. The company’s 50 day moving average is $20.46 and its 200 day moving average is $20.41. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of 217.98 and a beta of 1.12.
Atlantica Yield PLC (NASDAQ:ABY) last released its quarterly earnings data on Monday, May 15th. The utilities provider reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.07. The company had revenue of $198.15 million for the quarter, compared to the consensus estimate of $208 million. Atlantica Yield PLC had a return on equity of 0.48% and a net margin of 0.97%. On average, equities analysts forecast that Atlantica Yield PLC will post $0.46 earnings per share for the current year.
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Large investors have recently made changes to their positions in the stock. Renaissance Technologies LLC bought a new stake in shares of Atlantica Yield PLC during the first quarter valued at approximately $2,639,000. Dimensional Fund Advisors LP bought a new stake in shares of Atlantica Yield PLC during the first quarter valued at approximately $3,171,000. Geode Capital Management LLC increased its stake in shares of Atlantica Yield PLC by 13.9% in the first quarter. Geode Capital Management LLC now owns 150,890 shares of the utilities provider’s stock valued at $3,162,000 after buying an additional 18,451 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Atlantica Yield PLC by 22.1% in the first quarter. Vanguard Group Inc. now owns 313,460 shares of the utilities provider’s stock valued at $6,570,000 after buying an additional 56,649 shares during the last quarter. Finally, California Public Employees Retirement System increased its stake in shares of Atlantica Yield PLC by 2.3% in the first quarter. California Public Employees Retirement System now owns 22,300 shares of the utilities provider’s stock valued at $467,000 after buying an additional 500 shares during the last quarter. Institutional investors and hedge funds own 54.47% of the company’s stock.
ABY has been the topic of a number of research reports. Guggenheim upgraded Atlantica Yield PLC from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $22.35 to $23.00 in a report on Tuesday, February 28th. TheStreet upgraded Atlantica Yield PLC from a “d” rating to a “c-” rating in a report on Monday. ValuEngine upgraded Atlantica Yield PLC from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research upgraded Atlantica Yield PLC from a “sell” rating to a “hold” rating in a report on Tuesday, May 16th. Finally, Jefferies Group LLC began coverage on Atlantica Yield PLC in a report on Wednesday, April 12th. They issued a “hold” rating and a $22.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $22.75.
Atlantica Yield PLC Company Profile
Atlantica Yield plc, formerly Abengoa Yield plc, is a total return company. The Company owns, manages, and acquires renewable energy, conventional power, electric transmission lines and water assets, focused on North America (the United States and Mexico), South America (Peru, Chile, Brazil and Uruguay) and Europe, Middle East and Africa (Spain, Algeria and South Africa).
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