First Trust Advisors LP lessened its holdings in Atlantica Yield PLC (NASDAQ:AY) by 3.8% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 100,154 shares of the utilities provider’s stock after selling 3,940 shares during the period. First Trust Advisors LP owned 0.10% of Atlantica Yield worth $1,973,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Atlantica Yield by 22.1% in the first quarter. Vanguard Group Inc. now owns 313,460 shares of the utilities provider’s stock worth $6,570,000 after buying an additional 56,649 shares in the last quarter. Verition Fund Management LLC purchased a new stake in shares of Atlantica Yield in the second quarter worth $2,367,000. Goldman Sachs Group Inc. raised its position in shares of Atlantica Yield by 72.4% in the second quarter. Goldman Sachs Group Inc. now owns 619,991 shares of the utilities provider’s stock worth $13,243,000 after buying an additional 260,309 shares in the last quarter. Apollo Management Holdings L.P. purchased a new stake in shares of Atlantica Yield in the second quarter worth $2,136,000. Finally, Parametric Portfolio Associates LLC raised its position in shares of Atlantica Yield by 63.2% in the second quarter. Parametric Portfolio Associates LLC now owns 114,126 shares of the utilities provider’s stock worth $2,438,000 after buying an additional 44,185 shares in the last quarter.
A number of research firms have weighed in on AY. BidaskClub downgraded Atlantica Yield from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Royal Bank Of Canada restated a “buy” rating and set a $23.00 price target on shares of Atlantica Yield in a research report on Monday, September 25th. Finally, Zacks Investment Research downgraded Atlantica Yield from a “buy” rating to a “hold” rating in a research report on Thursday, October 19th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $23.83.
Shares of Atlantica Yield PLC (NASDAQ:AY) opened at $22.98 on Monday. Atlantica Yield PLC has a 12-month low of $17.16 and a 12-month high of $25.99. The company has a debt-to-equity ratio of 2.90, a quick ratio of 2.20 and a current ratio of 2.23. The firm has a market capitalization of $2,302.99, a PE ratio of 85.11, a price-to-earnings-growth ratio of 1.07 and a beta of 1.15.
Atlantica Yield (NASDAQ:AY) last released its quarterly earnings results on Monday, November 13th. The utilities provider reported $0.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.30). The firm had revenue of $291.96 million for the quarter. Atlantica Yield had a net margin of 2.85% and a return on equity of 1.41%. equities research analysts forecast that Atlantica Yield PLC will post 0.74 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be issued a $0.29 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $1.16 annualized dividend and a dividend yield of 5.05%. This is an increase from Atlantica Yield’s previous quarterly dividend of $0.26. Atlantica Yield’s payout ratio is currently 385.19%.
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About Atlantica Yield
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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