Other equities research analysts also recently issued research reports about the stock. ValuEngine raised shares of Atlantica Yield from a sell rating to a hold rating in a research report on Friday, November 8th. Zacks Investment Research downgraded shares of Atlantica Yield from a buy rating to a hold rating in a research report on Wednesday, October 9th. Finally, Raymond James reaffirmed an outperform rating and issued a $27.00 target price on shares of Atlantica Yield in a research report on Friday, November 8th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $27.00.
NASDAQ AY traded up $0.04 during mid-day trading on Friday, reaching $25.48. The stock had a trading volume of 226,194 shares, compared to its average volume of 321,377. Atlantica Yield has a 1 year low of $17.50 and a 1 year high of $26.15. The company has a fifty day moving average price of $25.04 and a 200 day moving average price of $23.77. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.23 and a quick ratio of 1.21.
Atlantica Yield (NASDAQ:AY) last announced its quarterly earnings data on Thursday, November 7th. The utilities provider reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.24). Atlantica Yield had a negative return on equity of 0.95% and a negative net margin of 1.62%. The firm had revenue of $293.37 million during the quarter. As a group, research analysts expect that Atlantica Yield will post 0.65 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 6.44%. The ex-dividend date of this dividend was Wednesday, November 27th. Atlantica Yield’s payout ratio is 390.48%.
A number of institutional investors have recently modified their holdings of AY. Tower Research Capital LLC TRC bought a new position in Atlantica Yield in the 2nd quarter worth $35,000. Balentine LLC purchased a new stake in Atlantica Yield in the 3rd quarter worth $48,000. Cohen & Steers Inc. lifted its stake in Atlantica Yield by 21.1% in the 2nd quarter. Cohen & Steers Inc. now owns 2,449 shares of the utilities provider’s stock worth $56,000 after purchasing an additional 427 shares in the last quarter. Quantamental Technologies LLC lifted its stake in Atlantica Yield by 7.8% in the 2nd quarter. Quantamental Technologies LLC now owns 6,470 shares of the utilities provider’s stock worth $147,000 after purchasing an additional 466 shares in the last quarter. Finally, BBVA USA Bancshares Inc. purchased a new stake in Atlantica Yield in the 3rd quarter worth $201,000. 42.17% of the stock is owned by institutional investors.
Atlantica Yield Company Profile
Atlantica Yield plc acquires, owns, and manages renewable energy, natural gas power, electric transmission lines, and water assets in the United States, Mexico, Peru, Chile, Uruguay, Spain, Algeria, and South Africa. As of December 31, 2018, it had 24 assets, including 1,496 megawatts (MW) of renewable energy generation assets comprising solar power and wind plants; 300 MW of natural gas power generation assets that produce electricity and steam from natural gas; 1,152 miles of electric transmission lines; and water desalination plants with an aggregate capacity of 10.5 million cubic feet per day.
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