Advisors Asset Management Inc. Has $328,000 Stake in Abengoa Yield PLC (ABY)
Advisors Asset Management Inc. increased its position in shares of Abengoa Yield PLC (NASDAQ:ABY) by 49.5% during the second quarter, Holdings Channel reports. The institutional investor owned 17,644 shares of the company’s stock after buying an additional 5,844 shares during the period. Advisors Asset Management Inc.’s holdings in Abengoa Yield PLC were worth $328,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in ABY. Ameriprise Financial Inc. increased its position in shares of Abengoa Yield PLC by 39.6% in the second quarter. Ameriprise Financial Inc. now owns 123,802 shares of the company’s stock worth $2,300,000 after buying an additional 35,115 shares in the last quarter. Airain ltd acquired a new position in Abengoa Yield PLC during the second quarter valued at $196,000. State Board of Administration of Florida Retirement System increased its position in Abengoa Yield PLC by 4.8% in the second quarter. State Board of Administration of Florida Retirement System now owns 17,025 shares of the company’s stock valued at $316,000 after buying an additional 778 shares during the period. Ecofin Ltd. increased its position in Abengoa Yield PLC by 53.4% in the second quarter. Ecofin Ltd. now owns 423,221 shares of the company’s stock valued at $7,863,000 after buying an additional 147,273 shares during the period. Finally, Boussard & Gavaudan Investment Management LLP increased its position in Abengoa Yield PLC by 116.9% in the second quarter. Boussard & Gavaudan Investment Management LLP now owns 1,326,118 shares of the company’s stock valued at $24,454,000 after buying an additional 714,656 shares during the period. Institutional investors and hedge funds own 55.83% of the company’s stock.
Abengoa Yield PLC (NASDAQ:ABY) remained flat at $19.01 during midday trading on Friday. The stock had a trading volume of 996,027 shares. The firm’s market capitalization is $1.91 billion. Abengoa Yield PLC has a 12 month low of $13.11 and a 12 month high of $21.83. The stock’s 50 day moving average price is $19.01 and its 200 day moving average price is $18.45.
Abengoa Yield PLC (NASDAQ:ABY) last posted its quarterly earnings data on Friday, August 5th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by $0.28. Abengoa Yield PLC had a negative return on equity of 1.03% and a negative net margin of 24.39%. On average, equities research analysts forecast that Abengoa Yield PLC will post $0.23 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Monday, August 29th. This represents a $1.16 annualized dividend and a yield of 6.10%. Abengoa Yield PLC’s payout ratio is presently -50.22%.
Several research firms have weighed in on ABY. Avondale Partners restated a “conviction-buy” rating on shares of Abengoa Yield PLC in a report on Tuesday, August 23rd. Zacks Investment Research downgraded shares of Abengoa Yield PLC from a “hold” rating to a “strong sell” rating in a report on Thursday, August 25th. Two analysts have rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Abengoa Yield PLC presently has a consensus rating of “Hold” and an average target price of $21.00.
Abengoa Yield PLC Company Profile
Atlantica Yield Plc owns, manages and acquires a diversified portfolio of contracted assets in the power and environment sectors. The Company owns approximately 20 assets, comprising 1,441 mega watts of renewable energy generation, 300 mega watts of conventional power generation, 1,099 miles of electric transmission lines and 10.5 Mft3 per day of water assets.
Want to see what other hedge funds are holding ABY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Abengoa Yield PLC (NASDAQ:ABY).
Receive News & Ratings for Abengoa Yield PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Abengoa Yield PLC and related companies with MarketBeat.com's FREE daily email newsletter.