Several other research analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Atlantica Yield from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. ValuEngine upgraded shares of Atlantica Yield from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Finally, Raymond James reiterated an “outperform” rating and set a $27.00 price target on shares of Atlantica Yield in a research report on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Atlantica Yield currently has an average rating of “Buy” and a consensus target price of $27.00.
AY opened at $25.44 on Friday. Atlantica Yield has a fifty-two week low of $17.50 and a fifty-two week high of $26.15. The company has a current ratio of 1.23, a quick ratio of 1.21 and a debt-to-equity ratio of 2.81. The firm’s fifty day moving average price is $25.02 and its two-hundred day moving average price is $23.76.
Atlantica Yield (NASDAQ:AY) last issued its earnings results on Thursday, November 7th. The utilities provider reported $0.43 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.24). Atlantica Yield had a negative net margin of 1.62% and a negative return on equity of 0.95%. The firm had revenue of $293.37 million during the quarter. On average, sell-side analysts anticipate that Atlantica Yield will post 0.65 EPS for the current fiscal year.
Hedge funds have recently made changes to their positions in the company. Brookfield Asset Management Inc. acquired a new position in shares of Atlantica Yield in the 2nd quarter valued at approximately $4,287,000. Vanguard Group Inc. boosted its position in Atlantica Yield by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 211,856 shares of the utilities provider’s stock worth $4,803,000 after acquiring an additional 9,327 shares during the last quarter. Essex Investment Management Co. LLC acquired a new position in Atlantica Yield during the 3rd quarter worth approximately $673,000. Russell Investments Group Ltd. boosted its position in Atlantica Yield by 25.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 153,427 shares of the utilities provider’s stock worth $3,467,000 after acquiring an additional 31,280 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its position in Atlantica Yield by 36.1% during the 2nd quarter. Acadian Asset Management LLC now owns 2,656,922 shares of the utilities provider’s stock worth $60,234,000 after acquiring an additional 704,789 shares during the last quarter. 42.17% of the stock is owned by institutional investors.
Atlantica Yield Company Profile
Atlantica Yield plc acquires, owns, and manages renewable energy, natural gas power, electric transmission lines, and water assets in the United States, Mexico, Peru, Chile, Uruguay, Spain, Algeria, and South Africa. As of December 31, 2018, it had 24 assets, including 1,496 megawatts (MW) of renewable energy generation assets comprising solar power and wind plants; 300 MW of natural gas power generation assets that produce electricity and steam from natural gas; 1,152 miles of electric transmission lines; and water desalination plants with an aggregate capacity of 10.5 million cubic feet per day.
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