Dimensional Fund Advisors LP Invests $3.17 Million in Atlantica Yield PLC (ABY)
Dimensional Fund Advisors LP acquired a new position in Atlantica Yield PLC (NASDAQ:ABY) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 151,270 shares of the utilities provider’s stock, valued at approximately $3,171,000.
Several other large investors have also recently modified their holdings of ABY. Ameritas Investment Partners Inc. acquired a new stake in Atlantica Yield PLC during the first quarter worth $107,000. SG Americas Securities LLC acquired a new stake in Atlantica Yield PLC during the first quarter worth $119,000. Advisory Services Network LLC acquired a new stake in Atlantica Yield PLC during the first quarter worth $217,000. Principal Financial Group Inc. acquired a new stake in Atlantica Yield PLC during the first quarter worth $254,000. Finally, TFS Capital LLC acquired a new stake in Atlantica Yield PLC during the first quarter worth $360,000. Institutional investors own 47.79% of the company’s stock.
Atlantica Yield PLC (NASDAQ:ABY) traded down 0.603% during midday trading on Thursday, hitting $20.595. 147,455 shares of the stock were exchanged. Atlantica Yield PLC has a 1-year low of $16.55 and a 1-year high of $22.87. The firm has a market capitalization of $2.06 billion, a P/E ratio of 66.435 and a beta of 1.12. The firm’s 50-day moving average price is $21.08 and its 200 day moving average price is $20.87.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be given a $0.26 dividend. This is a positive change from Atlantica Yield PLC’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 5.02%. The ex-dividend date of this dividend is Tuesday, August 29th. Atlantica Yield PLC’s dividend payout ratio is presently 333.33%.
A number of equities research analysts have recently weighed in on ABY shares. ValuEngine upgraded shares of Atlantica Yield PLC from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research upgraded shares of Atlantica Yield PLC from a “hold” rating to a “strong-buy” rating and set a $23.00 price target for the company in a research report on Tuesday, July 11th. TheStreet upgraded shares of Atlantica Yield PLC from a “d” rating to a “c-” rating in a research report on Monday, June 12th. Finally, BidaskClub downgraded shares of Atlantica Yield PLC from a “hold” rating to a “sell” rating in a research report on Friday, July 7th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $22.80.
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).
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