Atlantica Yield PLC (NASDAQ:ABY) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday. The firm currently has a $23.00 price target on the utilities provider’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 10.58% from the company’s current price.

According to Zacks, “Atlantica Yield Plc owns, manages and acquires a diversified portfolio of contracted assets in the power and environment sectors. It operates primarily in North America, South America and Europe. Atlantica Yield Plc, formerly known as Abengoa Yield plc, is based in Brentford, the United Kingdom. “

ABY has been the topic of several other research reports. BidaskClub upgraded Atlantica Yield PLC from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Royal Bank Of Canada restated a “buy” rating and issued a $23.00 target price on shares of Atlantica Yield PLC in a research report on Monday, September 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $23.00.

Atlantica Yield PLC (ABY) traded up 2.01% during mid-day trading on Thursday, reaching $20.80. The company’s stock had a trading volume of 367,865 shares. The firm’s 50 day moving average is $20.31 and its 200-day moving average is $20.65. Atlantica Yield PLC has a 12-month low of $16.55 and a 12-month high of $22.87. The company has a market cap of $2.08 billion, a PE ratio of 67.10 and a beta of 1.10.

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Several large investors have recently bought and sold shares of ABY. Russell Investments Group Ltd. acquired a new stake in shares of Atlantica Yield PLC in the first quarter valued at approximately $435,000. First Trust Advisors LP increased its holdings in shares of Atlantica Yield PLC by 7.4% in the first quarter. First Trust Advisors LP now owns 96,809 shares of the utilities provider’s stock valued at $2,029,000 after purchasing an additional 6,639 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Atlantica Yield PLC by 7.4% in the first quarter. Bank of New York Mellon Corp now owns 225,808 shares of the utilities provider’s stock valued at $4,733,000 after purchasing an additional 15,489 shares during the last quarter. Parametric Portfolio Associates LLC increased its holdings in shares of Atlantica Yield PLC by 79.9% in the first quarter. Parametric Portfolio Associates LLC now owns 69,941 shares of the utilities provider’s stock valued at $1,466,000 after purchasing an additional 31,066 shares during the last quarter. Finally, State of Tennessee Treasury Department increased its holdings in shares of Atlantica Yield PLC by 64.0% in the first quarter. State of Tennessee Treasury Department now owns 44,921 shares of the utilities provider’s stock valued at $942,000 after purchasing an additional 17,524 shares during the last quarter. 49.40% of the stock is owned by hedge funds and other institutional investors.

Atlantica Yield PLC Company 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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