Abengoa Yield PLC (aby) Declares Quarterly Dividend of $0.16
Abengoa Yield PLC (NASDAQ:aby) announced a quarterly dividend on Wednesday, November 16th. Stockholders of record on Wednesday, November 30th will be given a dividend of 0.163 per share on Thursday, December 15th. This represents a $0.65 annualized dividend and a dividend yield of 3.62%. The ex-dividend date of this dividend is Monday, November 28th.
Abengoa Yield PLC (NASDAQ:ABY) opened at 18.00 on Thursday. Abengoa Yield PLC has a 52 week low of $13.11 and a 52 week high of $21.32. The stock has a 50 day moving average of $18.16 and a 200 day moving average of $18.53. The stock’s market capitalization is $1.80 billion.
Several analysts recently commented on the stock. Zacks Investment Research cut shares of Abengoa Yield PLC from a “hold” rating to a “strong sell” rating in a report on Thursday, August 25th. Avondale Partners restated a “conviction-buy” rating on shares of Abengoa Yield PLC in a report on Tuesday, August 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $16.20.
A number of institutional investors have recently modified their holdings of the stock. Jane Street Group LLC acquired a new position in shares of Abengoa Yield PLC during the second quarter valued at $195,000. Clinton Group Inc. acquired a new position in shares of Abengoa Yield PLC during the third quarter valued at $301,000. Panagora Asset Management Inc. acquired a new position in shares of Abengoa Yield PLC during the second quarter valued at $313,000. BlackRock Group LTD acquired a new position in shares of Abengoa Yield PLC during the second quarter valued at $333,000. Finally, BlackRock Advisors LLC raised its position in shares of Abengoa Yield PLC by 45.1% in the second quarter. BlackRock Advisors LLC now owns 22,796 shares of the company’s stock valued at $424,000 after buying an additional 7,086 shares during the last quarter. 54.07% of the stock is currently owned by hedge funds and other institutional investors.
About Abengoa Yield PLC
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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