Atlantica Yield PLC (NASDAQ:AY) Short Interest Update

Atlantica Yield PLC (NASDAQ:AY) saw a large decrease in short interest in the month of June. As of June 30th, there was short interest totalling 1,646,400 shares, a decrease of 25.2% from the May 30th total of 2,200,600 shares. Currently, 2.8% of the company’s shares are sold short. Based on an average daily volume of 333,500 shares, the short-interest ratio is presently 4.9 days.

A number of hedge funds and other institutional investors have recently bought and sold shares of AY. Norges Bank bought a new stake in Atlantica Yield during the 4th quarter worth approximately $34,388,000. FMR LLC bought a new stake in Atlantica Yield during the 1st quarter worth approximately $26,976,000. Apollo Management Holdings L.P. bought a new stake in Atlantica Yield during the 1st quarter worth approximately $11,326,000. Robeco Institutional Asset Management B.V. increased its stake in Atlantica Yield by 481.0% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 651,765 shares of the utilities provider’s stock worth $12,685,000 after purchasing an additional 539,583 shares in the last quarter. Finally, Rare Infrastructure Ltd grew its stake in shares of Atlantica Yield by 60.6% during the 4th quarter. Rare Infrastructure Ltd now owns 1,408,279 shares of the utilities provider’s stock worth $27,602,000 after acquiring an additional 531,174 shares in the last quarter. 45.50% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have issued reports on AY shares. BidaskClub downgraded shares of Xperi from a “sell” rating to a “strong sell” rating in a research report on Wednesday, June 19th. ValuEngine downgraded shares of Verso from a “hold” rating to a “sell” rating in a research report on Thursday, May 23rd. Zacks Investment Research downgraded shares of EXACT Sciences from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Finally, Raymond James reiterated a “neutral” rating and issued a $35.00 price target on shares of Stantec in a research report on Monday, May 13th. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $25.10.

Shares of NASDAQ:AY traded up $0.09 during mid-day trading on Thursday, reaching $23.04. The stock had a trading volume of 513,500 shares, compared to its average volume of 419,146. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 54.86 and a beta of 0.55. The stock has a 50 day moving average of $22.43. The company has a debt-to-equity ratio of 3.12, a quick ratio of 1.52 and a current ratio of 1.55. Atlantica Yield has a twelve month low of $17.50 and a twelve month high of $23.58.

Atlantica Yield (NASDAQ:AY) last announced its quarterly earnings results on Friday, May 10th. The utilities provider reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.04). The firm had revenue of $221.45 million during the quarter, compared to analyst estimates of $236.80 million. Atlantica Yield had a net margin of 3.60% and a return on equity of 2.08%. On average, equities research analysts expect that Atlantica Yield will post 1.04 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Monday, June 3rd were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 6.77%. This is a boost from Atlantica Yield’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Friday, May 31st. Atlantica Yield’s dividend payout ratio is presently 371.43%.

About Atlantica Yield

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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