Royal Bank Of Canada reiterated their buy rating on shares of Atlantica Yield PLC (NASDAQ:ABY) in a research report released on Monday morning. The firm currently has a $23.00 price objective on the utilities provider’s stock.

Several other research firms have also recently commented on ABY. BidaskClub raised Atlantica Yield PLC from a sell rating to a hold rating in a research note on Tuesday, August 1st. ValuEngine raised Atlantica Yield PLC from a sell rating to a hold rating in a research note on Friday, June 2nd. Zacks Investment Research cut Atlantica Yield PLC from a strong-buy rating to a hold rating in a research note on Monday, September 11th. Finally, TheStreet raised Atlantica Yield PLC from a d rating to a c- rating in a research note on Monday, June 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. Atlantica Yield PLC has an average rating of Hold and a consensus target price of $23.00.

Shares of Atlantica Yield PLC (ABY) opened at 19.85 on Monday. Atlantica Yield PLC has a one year low of $16.55 and a one year high of $22.87. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 64.03 and a beta of 1.12. The stock has a 50 day moving average price of $21.03 and a 200 day moving average price of $20.78.

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The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 31st were 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 annualized dividend and a dividend yield of 5.24%. The ex-dividend date of this dividend was Tuesday, August 29th. Atlantica Yield PLC’s dividend payout ratio (DPR) is currently 346.67%.

Several large investors have recently bought and sold shares of ABY. Vaughan Nelson Investment Management L.P. bought a new position in shares of Atlantica Yield PLC in the 2nd quarter worth $61,608,000. Morgan Stanley boosted its position in shares of Atlantica Yield PLC by 16.3% in the 1st quarter. Morgan Stanley now owns 3,873,520 shares of the utilities provider’s stock worth $81,189,000 after purchasing an additional 541,651 shares during the last quarter. Prudential Financial Inc. boosted its position in shares of Atlantica Yield PLC by 392.2% in the 1st quarter. Prudential Financial Inc. now owns 674,020 shares of the utilities provider’s stock worth $14,128,000 after purchasing an additional 537,090 shares during the last quarter. Vivaldi Asset Management LLC bought a new position in shares of Atlantica Yield PLC in the 2nd quarter worth $6,994,000. Finally, Goldman Sachs Group Inc. boosted its position in shares of Atlantica Yield PLC by 573.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 359,682 shares of the utilities provider’s stock worth $7,538,000 after purchasing an additional 306,264 shares during the last quarter. Institutional investors and hedge funds own 47.78% of the company’s stock.

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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