JPMorgan Chase & Co. grew its holdings in Atlantica Yield PLC (NASDAQ:ABY) by 49.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 132,554 shares of the utilities provider’s stock after purchasing an additional 43,648 shares during the period. JPMorgan Chase & Co. owned about 0.13% of Atlantica Yield PLC worth $2,831,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in ABY. Ameritas Investment Partners Inc. purchased a new stake in Atlantica Yield PLC in the first quarter worth $107,000. SG Americas Securities LLC purchased a new stake in Atlantica Yield PLC in the first quarter worth $119,000. Bronfman E.L. Rothschild L.P. purchased a new stake in Atlantica Yield PLC in the second quarter worth $139,000. Sei Investments Co. increased its stake in Atlantica Yield PLC by 885.9% in the second quarter. Sei Investments Co. now owns 8,114 shares of the utilities provider’s stock worth $173,000 after purchasing an additional 7,291 shares during the period. Finally, Principal Financial Group Inc. purchased a new stake in Atlantica Yield PLC in the first quarter worth $254,000. Institutional investors and hedge funds own 49.40% of the company’s stock.
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A number of research firms have weighed in on ABY. BidaskClub upgraded Atlantica Yield PLC from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. Zacks Investment Research upgraded Atlantica Yield PLC from a “hold” rating to a “strong-buy” rating and set a $23.00 target price on the stock in a research note on Tuesday, July 11th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $23.00 target price on shares of Atlantica Yield PLC in a research note on Monday, September 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $23.00.
Atlantica Yield PLC (ABY) opened at 20.39 on Thursday. The stock’s 50 day moving average price is $20.33 and its 200-day moving average price is $20.65. The company has a market cap of $2.04 billion, a P/E ratio of 65.77 and a beta of 1.10. Atlantica Yield PLC has a 52-week low of $16.55 and a 52-week high of $22.87.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 31st were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 5.10%. The ex-dividend date of this dividend was Tuesday, August 29th. This is an increase from Atlantica Yield PLC’s previous quarterly dividend of $0.25. Atlantica Yield PLC’s payout ratio is currently 346.67%.
Atlantica Yield PLC Profile
Atlantica Yield plc, formerly Abengoa Yield plc, is a total return company. The Company owns, manages, and acquires renewable energy, conventional power, electric transmission lines and water assets, focused on North America (the United States and Mexico), South America (Peru, Chile, Brazil and Uruguay) and Europe, Middle East and Africa (Spain, Algeria and South Africa).
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