Ecofin Ltd. reduced its position in shares of Atlantica Yield PLC (NASDAQ:ABY) by 7.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 862,998 shares of the utilities provider’s stock after selling 65,010 shares during the period. Atlantica Yield PLC makes up approximately 4.8% of Ecofin Ltd.’s portfolio, making the stock its 9th largest position. Ecofin Ltd.’s holdings in Atlantica Yield PLC were worth $18,088,000 as of its most recent filing with the SEC.
Other institutional investors also recently made changes to their positions in the company. Pacad Investment Ltd. acquired a new position in Atlantica Yield PLC during the fourth quarter valued at $201,000. Advisory Services Network LLC acquired a new position in Atlantica Yield PLC during the first quarter valued at $217,000. TFS Capital LLC acquired a new position in Atlantica Yield PLC during the first quarter valued at $360,000. Fox Run Management L.L.C. raised its position in Atlantica Yield PLC by 34.1% in the first quarter. Fox Run Management L.L.C. now owns 18,500 shares of the utilities provider’s stock valued at $388,000 after buying an additional 4,700 shares during the period. Finally, Two Sigma Investments LP acquired a new position in Atlantica Yield PLC during the fourth quarter valued at $425,000. Hedge funds and other institutional investors own 51.32% of the company’s stock.
Atlantica Yield PLC (NASDAQ:ABY) traded up 0.81% during mid-day trading on Friday, reaching $19.86. 398,621 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $20.37 and a 200-day moving average price of $20.02. The stock has a market cap of $1.99 billion, a P/E ratio of 211.28 and a beta of 1.12. Atlantica Yield PLC has a 52 week low of $16.00 and a 52 week high of $22.87.
Atlantica Yield PLC (NASDAQ:ABY) last announced its quarterly earnings data on Monday, May 15th. The utilities provider reported ($0.12) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.07. The firm had revenue of $198.15 million during the quarter, compared to analysts’ expectations of $208 million. Atlantica Yield PLC had a negative return on equity of 0.71% and a negative net margin of 22.96%. On average, analysts forecast that Atlantica Yield PLC will post $0.48 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Wednesday, May 31st will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, May 26th. This represents a $1.00 annualized dividend and a yield of 5.04%. Atlantica Yield PLC’s dividend payout ratio is currently -29.02%.
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ABY has been the subject of several research reports. Guggenheim upgraded shares of Atlantica Yield PLC from a “neutral” rating to a “buy” rating and raised their price objective for the company from $22.35 to $23.00 in a research report on Tuesday, February 28th. Zacks Investment Research upgraded shares of Atlantica Yield PLC from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Wednesday, February 8th. Finally, Jefferies Group LLC initiated coverage on shares of Atlantica Yield PLC in a research report on Wednesday, April 12th. They set a “hold” rating and a $22.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target 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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