Brokerages Set Abengoa Yield PLC (ABY) PT at $15.00
Abengoa Yield PLC (NASDAQ:ABY) has been given an average rating of “Hold” by the seven research firms that are covering the company. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $15.00.
Several equities analysts recently weighed in on the company. Zacks Investment Research downgraded Abengoa Yield PLC from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 25th. Avondale Partners reiterated a “conviction-buy” rating on shares of Abengoa Yield PLC in a research report on Tuesday, August 23rd.
Large investors have recently bought and sold shares of the stock. Credit Suisse AG raised its stake in Abengoa Yield PLC by 1.5% in the third quarter. Credit Suisse AG now owns 491,503 shares of the company’s stock worth $9,343,000 after buying an additional 7,168 shares during the period. Clinton Group Inc. bought a new stake in Abengoa Yield PLC during the third quarter worth about $301,000. The Manufacturers Life Insurance Company bought a new stake in Abengoa Yield PLC during the third quarter worth about $736,000. Ardsley Advisory Partners bought a new stake in Abengoa Yield PLC during the third quarter worth about $25,977,000. Finally, Capital Innovations LLC raised its stake in Abengoa Yield PLC by 2.9% in the third quarter. Capital Innovations LLC now owns 33,770 shares of the company’s stock worth $642,000 after buying an additional 965 shares during the period. Institutional investors and hedge funds own 54.07% of the company’s stock.
Shares of Abengoa Yield PLC (NASDAQ:ABY) opened at 17.86 on Friday. Abengoa Yield PLC has a 1-year low of $13.11 and a 1-year high of $21.32. The stock’s market cap is $1.79 billion. The company’s 50-day moving average price is $18.08 and its 200 day moving average price is $18.52.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Wednesday, November 30th will be paid a $0.163 dividend. The ex-dividend date of this dividend is Monday, November 28th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 3.65%. Abengoa Yield PLC’s dividend payout ratio (DPR) is currently -51.79%.
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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