Shares of Atlantica Yield PLC (NASDAQ:AY) have earned a consensus rating of “Hold” from the eight ratings firms that are covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $23.75.
Several analysts have recently weighed in on the company. Zacks Investment Research downgraded Atlantica Yield from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 13th. BidaskClub upgraded Atlantica Yield from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 18th. Royal Bank of Canada reiterated a “buy” rating and set a $23.00 target price on shares of Atlantica Yield in a research report on Monday, October 30th. Finally, Bank of America reiterated a “buy” rating and set a $24.00 target price on shares of Atlantica Yield in a research report on Tuesday, October 24th.
Several hedge funds have recently modified their holdings of the company. California Public Employees Retirement System grew its stake in shares of Atlantica Yield by 2.3% during the first quarter. California Public Employees Retirement System now owns 22,300 shares of the utilities provider’s stock worth $467,000 after acquiring an additional 500 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Atlantica Yield by 73.2% during the third quarter. Legal & General Group Plc now owns 8,994 shares of the utilities provider’s stock worth $177,000 after acquiring an additional 3,800 shares during the last quarter. Quantbot Technologies LP grew its stake in shares of Atlantica Yield by 532.0% during the third quarter. Quantbot Technologies LP now owns 6,914 shares of the utilities provider’s stock worth $136,000 after acquiring an additional 5,820 shares during the last quarter. Bronfman E.L. Rothschild L.P. purchased a new stake in shares of Atlantica Yield during the second quarter worth about $139,000. Finally, First Trust Advisors LP grew its stake in shares of Atlantica Yield by 7.5% during the second quarter. First Trust Advisors LP now owns 104,094 shares of the utilities provider’s stock worth $2,223,000 after acquiring an additional 7,285 shares during the last quarter. Institutional investors and hedge funds own 51.00% of the company’s stock.
Shares of Atlantica Yield (NASDAQ AY) opened at $20.97 on Friday. The stock has a market capitalization of $2,104.56, a price-to-earnings ratio of 77.78, a P/E/G ratio of 0.98 and a beta of 1.15. Atlantica Yield has a 52-week low of $18.83 and a 52-week high of $25.99. The company has a debt-to-equity ratio of 2.90, a current ratio of 2.23 and a quick ratio of 2.20.
Atlantica Yield (NASDAQ:AY) last issued its quarterly earnings results on Monday, November 13th. The utilities provider reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.30). Atlantica Yield had a return on equity of 1.41% and a net margin of 2.85%. The company had revenue of $291.96 million during the quarter. analysts anticipate that Atlantica Yield will post 0.74 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Thursday, November 30th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 5.53%. The ex-dividend date was Wednesday, November 29th. This is a positive change from Atlantica Yield’s previous quarterly dividend of $0.26. Atlantica Yield’s payout ratio is 429.63%.
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Atlantica Yield 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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