Capital World Investors continued to hold its stake in shares of Atlantica Yield PLC (NASDAQ:ABY) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,500,000 shares of the utilities provider’s stock at the end of the 2nd quarter. Capital World Investors owned about 2.49% of Atlantica Yield PLC worth $53,400,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Vaughan Nelson Investment Management L.P. bought a new position in shares of Atlantica Yield PLC during the 2nd quarter valued at approximately $61,608,000. Morgan Stanley increased its position in shares of Atlantica Yield PLC by 16.3% during the 1st quarter. Morgan Stanley now owns 3,873,520 shares of the utilities provider’s stock valued at $81,189,000 after purchasing an additional 541,651 shares during the last quarter. Vivaldi Asset Management LLC bought a new position in shares of Atlantica Yield PLC during the 2nd quarter valued at approximately $6,994,000. Goldman Sachs Group Inc. increased its position in shares of Atlantica Yield PLC by 573.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 359,682 shares of the utilities provider’s stock valued at $7,538,000 after purchasing an additional 306,264 shares during the last quarter. Finally, Boussard & Gavaudan Investment Management LLP bought a new position in shares of Atlantica Yield PLC during the 2nd quarter valued at approximately $6,360,000. 49.40% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently weighed in on the company. BidaskClub raised Atlantica Yield PLC from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Zacks Investment Research raised Atlantica Yield PLC from a “hold” rating to a “strong-buy” rating and set a $23.00 price objective on the stock in a research report on Tuesday, July 11th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $23.00 price objective on shares of Atlantica Yield PLC in a research report on Monday, September 25th. Finally, TheStreet raised Atlantica Yield PLC from a “d” rating to a “c-” rating in a research report on Monday, June 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $23.00.

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Atlantica Yield PLC (NASDAQ:ABY) opened at 20.61 on Friday. The firm has a 50-day moving average price of $20.40 and a 200 day moving average price of $20.67. Atlantica Yield PLC has a 12 month low of $16.55 and a 12 month high of $22.87. The company’s market cap is $2.07 billion.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were given a $0.26 dividend. The ex-dividend date was Tuesday, August 29th. This represents a $1.04 dividend on an annualized basis and a yield of 5.05%. This is an increase from Atlantica Yield PLC’s previous quarterly dividend of $0.25. Atlantica Yield PLC’s payout ratio is currently 346.67%.

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).

Institutional Ownership by Quarter for Atlantica Yield PLC (NASDAQ:ABY)

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