Atlantica Yield PLC (NASDAQ:ABY)‘s stock had its “buy” rating reaffirmed by research analysts at Royal Bank Of Canada in a report released on Monday. They currently have a $23.00 price objective on the utilities provider’s stock. Royal Bank Of Canada’s price target points to a potential upside of 3.23% from the stock’s current price.

A number of other analysts also recently issued reports on ABY. BidaskClub downgraded shares of Atlantica Yield PLC from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Zacks Investment Research downgraded shares of Atlantica Yield PLC from a “buy” rating to a “hold” rating in a report on Thursday, October 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $23.33.

Atlantica Yield PLC (NASDAQ:ABY) traded up 0.09% on Monday, hitting $22.28. 389,441 shares of the company were exchanged. The firm’s 50 day moving average is $20.59 and its 200 day moving average is $20.72. The company has a market capitalization of $2.23 billion, a P/E ratio of 71.87 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.

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A number of institutional investors and hedge funds have recently bought and sold shares of ABY. Russell Investments Group Ltd. purchased a new position in Atlantica Yield PLC during the first quarter valued at $435,000. Bank of New York Mellon Corp lifted its holdings in Atlantica Yield PLC by 7.4% during 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 in the last quarter. Parametric Portfolio Associates LLC lifted its holdings in Atlantica Yield PLC by 79.9% during 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 in the last quarter. SG Americas Securities LLC purchased a new position in Atlantica Yield PLC during the first quarter valued at $119,000. Finally, American International Group Inc. lifted its holdings in Atlantica Yield PLC by 7.0% during the first quarter. American International Group Inc. now owns 36,240 shares of the utilities provider’s stock valued at $760,000 after purchasing an additional 2,382 shares in the last quarter. 50.74% of the stock is currently owned by institutional investors and hedge funds.

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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