GSA Capital Partners LLP purchased a new position in shares of Atlantica Yield PLC (NASDAQ:AY) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 68,230 shares of the utilities provider’s stock, valued at approximately $1,547,000.
Several other institutional investors and hedge funds have also made changes to their positions in AY. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Atlantica Yield in the 2nd quarter valued at $54,000. Quantamental Technologies LLC acquired a new position in Atlantica Yield in the 1st quarter valued at $117,000. Osborn Williams & Donohoe LLC acquired a new position in Atlantica Yield in the 1st quarter valued at $124,000. Fox Run Management L.L.C. acquired a new position in Atlantica Yield in the 2nd quarter valued at $202,000. Finally, Legal & General Group Plc grew its stake in Atlantica Yield by 52.6% in the 4th quarter. Legal & General Group Plc now owns 13,723 shares of the utilities provider’s stock valued at $269,000 after buying an additional 4,729 shares during the last quarter. Institutional investors own 47.44% of the company’s stock.
AY has been the topic of a number of research analyst reports. BidaskClub lowered shares of Atlantica Yield from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 20th. Raymond James reiterated an “outperform” rating and issued a $27.00 target price on shares of Atlantica Yield in a research note on Thursday, August 8th. Citigroup raised their target price on shares of Atlantica Yield from $22.00 to $27.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Zacks Investment Research lowered shares of Atlantica Yield from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th. Finally, ValuEngine upgraded shares of Atlantica Yield from a “hold” rating to a “buy” rating in a research note on Thursday, May 23rd. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $26.67.
Atlantica Yield (NASDAQ:AY) last posted its earnings results on Wednesday, August 7th. The utilities provider reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.22). Atlantica Yield had a negative net margin of 0.68% and a negative return on equity of 0.40%. The firm had revenue of $283.34 million during the quarter. On average, sell-side analysts anticipate that Atlantica Yield PLC will post 0.78 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 6.78%. This is a positive change from Atlantica Yield’s previous quarterly dividend of $0.39. The ex-dividend date is Thursday, August 29th. Atlantica Yield’s dividend payout ratio (DPR) is currently 371.43%.
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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