Russell Investments Group Ltd. raised its holdings in Atlantica Yield PLC (NASDAQ:AY) by 25.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 153,427 shares of the utilities provider’s stock after purchasing an additional 31,280 shares during the quarter. Russell Investments Group Ltd. owned 0.15% of Atlantica Yield worth $3,467,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the company. FMR LLC acquired a new stake in shares of Atlantica Yield during the 1st quarter worth approximately $26,976,000. Acadian Asset Management LLC increased its holdings in Atlantica Yield by 36.1% in the 2nd quarter. Acadian Asset Management LLC now owns 2,656,922 shares of the utilities provider’s stock valued at $60,234,000 after purchasing an additional 704,789 shares during the last quarter. Kayne Anderson Capital Advisors LP increased its holdings in Atlantica Yield by 1,294.6% in the 2nd quarter. Kayne Anderson Capital Advisors LP now owns 664,443 shares of the utilities provider’s stock valued at $15,059,000 after purchasing an additional 616,800 shares during the last quarter. Apollo Management Holdings L.P. acquired a new stake in Atlantica Yield in the 1st quarter valued at approximately $11,326,000. Finally, Dimensional Fund Advisors LP increased its holdings in Atlantica Yield by 8.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,138,681 shares of the utilities provider’s stock valued at $22,318,000 after purchasing an additional 86,270 shares during the last quarter. 42.96% of the stock is currently owned by institutional investors and hedge funds.
AY stock traded down $0.01 during midday trading on Monday, hitting $23.99. The company’s stock had a trading volume of 3,923 shares, compared to its average volume of 261,721. The company has a quick ratio of 1.14, a current ratio of 1.16 and a debt-to-equity ratio of 2.80. Atlantica Yield PLC has a 52-week low of $17.50 and a 52-week high of $24.62. The firm has a market capitalization of $2.41 billion, a P/E ratio of 57.00 and a beta of 0.48. The firm has a 50-day simple moving average of $23.66 and a 200-day simple moving average of $21.74.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 6.67%. The ex-dividend date of this dividend was Thursday, August 29th. This is a boost from Atlantica Yield’s previous quarterly dividend of $0.39. Atlantica Yield’s dividend payout ratio (DPR) is currently 380.95%.
Several analysts recently weighed in on the stock. ValuEngine upgraded shares of Atlantica Yield from a “hold” rating to a “buy” rating in a report on Thursday, May 23rd. BidaskClub upgraded shares of Atlantica Yield from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 28th. Zacks Investment Research downgraded shares of Atlantica Yield from a “buy” rating to a “hold” rating in a report on Thursday, August 8th. Citigroup lifted their target price 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. Finally, Raymond James reissued an “outperform” rating and issued a $27.00 price target on shares of Atlantica Yield in a research report on Thursday, August 8th. One equities 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 currently has a consensus rating of “Buy” and a consensus target price of $26.67.
Atlantica Yield 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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