Atlantica Yield PLC (NASDAQ:ABY) Lowered to Sell at BidaskClub
Atlantica Yield PLC (NASDAQ:ABY) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a report released on Friday.
A number of other research firms also recently weighed in on ABY. Zacks Investment Research downgraded Atlantica Yield PLC from a “buy” rating to a “hold” rating in a research report on Tuesday, April 11th. Jefferies Group LLC initiated coverage on Atlantica Yield PLC in a research report on Wednesday, April 12th. They set a “hold” rating and a $22.00 price target on the stock. TheStreet upgraded Atlantica Yield PLC from a “d” rating to a “c-” rating in a research report on Monday, June 12th. Finally, ValuEngine upgraded Atlantica Yield PLC from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $22.75.
Atlantica Yield PLC (ABY) traded down 0.83% during trading on Friday, hitting $20.20. The stock had a trading volume of 829,467 shares. The company has a 50-day moving average of $20.62 and a 200-day moving average of $20.61. The stock has a market capitalization of $2.02 billion, a P/E ratio of 214.89 and a beta of 1.12. Atlantica Yield PLC has a 52 week low of $16.55 and a 52 week high of $22.87.
Atlantica Yield PLC (NASDAQ:ABY) last issued its quarterly earnings data on Monday, May 15th. The utilities provider reported ($0.12) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.07. Atlantica Yield PLC had a return on equity of 0.48% and a net margin of 0.97%. The company had revenue of $198.15 million for the quarter, compared to the consensus estimate of $208 million. On average, equities analysts expect that Atlantica Yield PLC will post $0.46 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Wednesday, May 31st were paid a $0.25 dividend. The ex-dividend date was Friday, May 26th. This represents a $1.00 annualized dividend and a dividend yield of 4.95%. Atlantica Yield PLC’s payout ratio is presently 1,111.11%.
Hedge funds have recently bought and sold shares of the company. Ameritas Investment Partners Inc. acquired a new stake in Atlantica Yield PLC during the first quarter valued at about $107,000. SG Americas Securities LLC purchased a new stake in Atlantica Yield PLC during the first quarter valued at $119,000. Advisory Services Network LLC purchased a new stake in Atlantica Yield PLC during the first quarter valued at $217,000. Principal Financial Group Inc. purchased a new stake in Atlantica Yield PLC during the first quarter valued at $254,000. Finally, TFS Capital LLC purchased a new stake in Atlantica Yield PLC during the first quarter valued at $360,000. 54.42% of the stock is currently owned by institutional investors.
About Atlantica Yield PLC
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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