Atlantica Yield PLC (NASDAQ:AY) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 950,800 shares, a decrease of 11.4% from the July 31st total of 1,072,800 shares. Approximately 1.7% of the shares of the company are short sold. Based on an average trading volume of 337,000 shares, the short-interest ratio is presently 2.8 days.
NASDAQ:AY traded down $0.42 during mid-day trading on Friday, hitting $24.00. The company’s stock had a trading volume of 379,636 shares, compared to its average volume of 266,586. Atlantica Yield has a fifty-two week low of $17.50 and a fifty-two week high of $24.62. The company has a current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 2.80. The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of 57.14 and a beta of 0.48. The stock has a fifty day moving average of $23.66 and a 200-day moving average of $21.74.
Atlantica Yield (NASDAQ:AY) last posted its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.22). The business had revenue of $283.34 million during the quarter. Atlantica Yield had a negative return on equity of 0.40% and a negative net margin of 0.68%. On average, equities analysts anticipate that Atlantica Yield will post 0.78 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a dividend of $0.40 per share. This is a positive change from Atlantica Yield’s previous quarterly dividend of $0.39. The ex-dividend date was Thursday, August 29th. This represents a $1.60 annualized dividend and a dividend yield of 6.67%. Atlantica Yield’s dividend payout ratio (DPR) is presently 380.95%.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC acquired a new stake in shares of Atlantica Yield in the second quarter valued at approximately $35,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Atlantica Yield in the second quarter valued at approximately $54,000. Cohen & Steers Inc. increased its holdings in shares of Atlantica Yield by 21.1% in the second quarter. Cohen & Steers Inc. now owns 2,449 shares of the utilities provider’s stock valued at $56,000 after purchasing an additional 427 shares in the last quarter. Quantamental Technologies LLC increased its holdings in shares of Atlantica Yield by 7.8% in the second quarter. Quantamental Technologies LLC now owns 6,470 shares of the utilities provider’s stock valued at $147,000 after purchasing an additional 466 shares in the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Atlantica Yield in the second quarter valued at approximately $202,000. 42.96% of the stock is owned by institutional investors.
A number of equities research analysts have issued reports on AY shares. BidaskClub upgraded shares of Atlantica Yield from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 28th. ValuEngine upgraded shares of Atlantica Yield from a “hold” rating to a “buy” rating in a report on Thursday, May 23rd. Citigroup upped their price target on shares of Atlantica Yield from $22.00 to $27.00 and gave the company a “buy” rating in a report on Monday, July 29th. Raymond James restated an “outperform” rating and set a $27.00 price target on shares of Atlantica Yield in a report on Thursday, August 8th. Finally, Zacks Investment Research cut shares of Atlantica Yield from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $26.67.
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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