Atlantica Yield PLC (NASDAQ:ABY) was downgraded by research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Monday.

Several other research analysts also recently issued reports on ABY. Zacks Investment Research downgraded shares of Atlantica Yield PLC from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 11th. TheStreet raised shares of Atlantica Yield PLC from a “d” rating to a “c-” rating in a research report on Monday, June 12th. Finally, ValuEngine upgraded shares of Atlantica Yield PLC from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $22.80.

Atlantica Yield PLC (ABY) traded up 0.45% on Monday, reaching $19.92. 325,103 shares of the company were exchanged. Atlantica Yield PLC has a 52 week low of $16.55 and a 52 week high of $22.87. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 64.26 and a beta of 1.12. The stock has a 50-day moving average price of $21.03 and a 200 day moving average price of $20.78.

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Several hedge funds have recently added to or reduced their stakes in the company. Morgan Stanley lifted its stake in shares of Atlantica Yield PLC by 16.3% in the 1st quarter. Morgan Stanley now owns 3,873,520 shares of the utilities provider’s stock worth $81,189,000 after acquiring an additional 541,651 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Atlantica Yield PLC in the 2nd quarter worth $61,608,000. Eventide Asset Management LLC lifted its stake in shares of Atlantica Yield PLC by 3.1% in the 1st quarter. Eventide Asset Management LLC now owns 923,000 shares of the utilities provider’s stock worth $19,346,000 after acquiring an additional 28,000 shares during the period. Ecofin Ltd. lifted its stake in shares of Atlantica Yield PLC by 6.8% in the 2nd quarter. Ecofin Ltd. now owns 922,044 shares of the utilities provider’s stock worth $19,695,000 after acquiring an additional 59,046 shares during the period. Finally, Prudential Financial Inc. lifted its stake in shares of Atlantica Yield PLC by 392.2% in the 1st quarter. Prudential Financial Inc. now owns 674,020 shares of the utilities provider’s stock worth $14,128,000 after acquiring an additional 537,090 shares during the period. Institutional investors own 47.78% of the company’s stock.

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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