Abengoa Yield PLC (ABY) Receives Average Recommendation of “Hold” from Analysts
Shares of Abengoa Yield PLC (NASDAQ:ABY) have received a consensus recommendation of “Hold” from the eight brokerages that are currently covering the firm. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $21.00.
A number of equities research analysts have recently issued reports on ABY shares. Zacks Investment Research lowered Abengoa Yield PLC from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 25th. Avondale Partners reaffirmed a “conviction-buy” rating on shares of Abengoa Yield PLC in a research report on Tuesday, August 23rd.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. State Board of Administration of Florida Retirement System raised 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 last quarter. Parametric Portfolio Associates LLC increased its position in shares of Abengoa Yield PLC by 10.8% in the second quarter. Parametric Portfolio Associates LLC now owns 25,716 shares of the company’s stock worth $478,000 after buying an additional 2,504 shares during the period. American International Group Inc. increased its position in shares of Abengoa Yield PLC by 15.4% in the second quarter. American International Group Inc. now owns 33,894 shares of the company’s stock worth $630,000 after buying an additional 4,535 shares during the period. Advisors Asset Management Inc. increased its position in shares of Abengoa Yield PLC by 49.5% in the second quarter. Advisors Asset Management Inc. now owns 17,644 shares of the company’s stock worth $328,000 after buying an additional 5,844 shares during the period. Finally, Acrospire Investment Management LLC purchased a new position in shares of Abengoa Yield PLC during the second quarter worth approximately $110,000. 55.83% of the stock is currently owned by hedge funds and other institutional investors.
Abengoa Yield PLC (NASDAQ:ABY) traded up 1.28% during trading on Friday, hitting $18.17. The stock had a trading volume of 139,888 shares. Abengoa Yield PLC has a 12-month low of $13.11 and a 12-month high of $21.83. The company’s market cap is $1.82 billion. The company has a 50 day moving average of $18.79 and a 200-day moving average of $18.50.
Abengoa Yield PLC (NASDAQ:ABY) last announced its earnings results on Friday, August 5th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts predict that Abengoa Yield PLC will post $0.23 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Wednesday, August 31st were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 6.47%. The ex-dividend date of this dividend was Monday, August 29th. Abengoa Yield PLC’s payout ratio is -50.22%.
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.
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