Atlantica Yield PLC (ABY) Receives $22.75 Average PT from Analysts

Atlantica Yield PLC (NASDAQ:ABY) has been given an average recommendation of “Hold” by the eight research firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $22.75.

A number of research firms have recently weighed in on ABY. BidaskClub raised Atlantica Yield PLC from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Zacks Investment Research raised Atlantica Yield PLC from a “hold” rating to a “strong-buy” rating and set a $23.00 price objective on the stock in a research report on Tuesday, July 11th. TheStreet raised Atlantica Yield PLC from a “d” rating to a “c-” rating in a research report on Monday, June 12th. Finally, ValuEngine raised Atlantica Yield PLC from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd.

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A number of large investors have recently bought and sold shares of the stock. California Public Employees Retirement System increased its holdings in 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. American International Group Inc. increased its holdings in Atlantica Yield PLC by 7.0% in the first quarter. American International Group Inc. now owns 36,240 shares of the utilities provider’s stock valued at $760,000 after buying an additional 2,382 shares during the last quarter. Teachers Advisors LLC increased its holdings in Atlantica Yield PLC by 2.4% in the first quarter. Teachers Advisors LLC now owns 105,529 shares of the utilities provider’s stock valued at $2,212,000 after buying an additional 2,441 shares during the last quarter. Premier Fund Managers Ltd increased its holdings in Atlantica Yield PLC by 16.7% in the first quarter. Premier Fund Managers Ltd now owns 17,500 shares of the utilities provider’s stock valued at $367,000 after buying an additional 2,500 shares during the last quarter. Finally, UBS Group AG increased its holdings in Atlantica Yield PLC by 10.0% in the first quarter. UBS Group AG now owns 35,166 shares of the utilities provider’s stock valued at $738,000 after buying an additional 3,184 shares during the last quarter. 47.79% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Atlantica Yield PLC (NASDAQ:ABY) traded down 0.90% during mid-day trading on Wednesday, reaching $19.85. The company’s stock had a trading volume of 476,847 shares. The stock has a market cap of $1.99 billion, a P/E ratio of 64.03 and a beta of 1.12. The stock has a 50 day moving average of $21.15 and a 200-day moving average of $20.80. Atlantica Yield PLC has a one year low of $16.55 and a one year high of $22.87.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 31st were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 5.24%. The ex-dividend date was Tuesday, August 29th. This is a positive change from Atlantica Yield PLC’s previous quarterly dividend of $0.25. Atlantica Yield PLC’s dividend payout ratio is 346.67%.

About Atlantica Yield PLC

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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