Atlantica Yield PLC (NASDAQ:ABY) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totalling 942,269 shares, a drop of 24.4% from the August 15th total of 1,246,352 shares. Approximately 1.6% of the company’s stock are short sold. Based on an average daily volume of 345,586 shares, the short-interest ratio is currently 2.7 days.

Institutional investors have recently modified their holdings of the company. Ameritas Investment Partners Inc. acquired a new stake in Atlantica Yield PLC during the 1st quarter worth $107,000. SG Americas Securities LLC acquired a new stake in Atlantica Yield PLC during the 1st quarter worth $119,000. Bronfman E.L. Rothschild L.P. acquired a new stake in Atlantica Yield PLC during the 2nd quarter worth $139,000. Sei Investments Co. boosted its stake in Atlantica Yield PLC by 885.9% during the 2nd quarter. Sei Investments Co. now owns 8,114 shares of the utilities provider’s stock worth $173,000 after purchasing an additional 7,291 shares during the period. Finally, Principal Financial Group Inc. acquired a new stake in Atlantica Yield PLC during the 1st quarter worth $254,000. Institutional investors and hedge funds own 47.78% of the company’s stock.

Shares of Atlantica Yield PLC (ABY) opened at 19.73 on Wednesday. Atlantica Yield PLC has a 1-year low of $16.55 and a 1-year high of $22.87. The stock’s 50 day moving average is $21.03 and its 200 day moving average is $20.78. The firm has a market capitalization of $1.98 billion, a P/E ratio of 63.65 and a beta of 1.12.

The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 31st were issued a $0.26 dividend. This is a boost from Atlantica Yield PLC’s previous quarterly dividend of $0.25. The ex-dividend date was Tuesday, August 29th. This represents a $1.04 annualized dividend and a dividend yield of 5.27%. Atlantica Yield PLC’s dividend payout ratio is presently 346.67%.

ABY has been the topic of a number of recent research reports. ValuEngine upgraded shares of Atlantica Yield PLC from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. TheStreet upgraded shares of Atlantica Yield PLC from a “d” rating to a “c-” rating in a research note on Monday, June 12th. BidaskClub downgraded shares of Atlantica Yield PLC from a “hold” rating to a “sell” rating in a research note on Wednesday, June 21st. Finally, Zacks Investment Research upgraded shares of Atlantica Yield PLC from a “hold” rating to a “strong-buy” rating and set a $23.00 target price for the company in a research note on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $22.80.

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About Atlantica Yield PLC

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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