Several other brokerages also recently issued reports on AY. Zacks Investment Research downgraded shares of Atlantica Yield from a “hold” rating to a “sell” rating in a research report on Tuesday, July 7th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $26.00 price target on shares of Atlantica Yield in a research note on Wednesday, April 8th. Morgan Stanley upgraded Atlantica Yield from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $28.00 to $34.00 in a research note on Wednesday, June 17th. Finally, Raymond James set a $33.00 target price on Atlantica Yield and gave the company an “outperform” rating in a research report on Wednesday, July 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $31.40.
Shares of AY stock opened at $29.97 on Friday. The company has a debt-to-equity ratio of 3.02, a quick ratio of 1.21 and a current ratio of 1.23. Atlantica Yield has a 52 week low of $17.74 and a 52 week high of $32.50. The company’s 50 day moving average price is $28.93 and its two-hundred day moving average price is $26.64. The company has a market capitalization of $3.05 billion, a P/E ratio of 96.68, a price-to-earnings-growth ratio of 1.02 and a beta of 0.76.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in AY. Aptus Capital Advisors LLC grew its holdings in Atlantica Yield by 1.2% during the 2nd quarter. Aptus Capital Advisors LLC now owns 28,699 shares of the utilities provider’s stock worth $835,000 after acquiring an additional 333 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its holdings in Atlantica Yield by 62.1% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,057 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 405 shares during the period. First Hawaiian Bank grew its position in shares of Atlantica Yield by 2.8% in the 1st quarter. First Hawaiian Bank now owns 16,291 shares of the utilities provider’s stock valued at $363,000 after buying an additional 451 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Atlantica Yield by 2.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,640 shares of the utilities provider’s stock valued at $630,000 after buying an additional 452 shares during the period. Finally, BNP Paribas Arbitrage SA increased its stake in shares of Atlantica Yield by 83.3% in the first quarter. BNP Paribas Arbitrage SA now owns 1,100 shares of the utilities provider’s stock valued at $25,000 after buying an additional 500 shares during the period. 39.27% of the stock is currently 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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