Atlantica Yield PLC (ABY) is Luzich Partners LLC’s Largest Position
Luzich Partners LLC maintained its position in Atlantica Yield PLC (NASDAQ:ABY) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 694,304 shares of the utilities provider’s stock at the close of the 2nd quarter. Atlantica Yield PLC makes up approximately 14.6% of Luzich Partners LLC’s investment portfolio, making the stock its biggest position. Luzich Partners LLC owned about 0.69% of Atlantica Yield PLC worth $14,830,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the company. Vaughan Nelson Investment Management L.P. purchased a new position in Atlantica Yield PLC in the second quarter valued at about $61,608,000. Morgan Stanley boosted its holdings in Atlantica Yield PLC by 16.3% in the first quarter. Morgan Stanley now owns 3,873,520 shares of the utilities provider’s stock valued at $81,189,000 after purchasing an additional 541,651 shares during the last quarter. Prudential Financial Inc. boosted its holdings in Atlantica Yield PLC by 392.2% in the first quarter. Prudential Financial Inc. now owns 674,020 shares of the utilities provider’s stock valued at $14,128,000 after purchasing an additional 537,090 shares during the last quarter. Vivaldi Asset Management LLC purchased a new position in Atlantica Yield PLC in the second quarter valued at about $6,994,000. Finally, Goldman Sachs Group Inc. boosted its holdings in Atlantica Yield PLC by 573.3% in the first quarter. Goldman Sachs Group Inc. now owns 359,682 shares of the utilities provider’s stock valued at $7,538,000 after purchasing an additional 306,264 shares during the last quarter. Institutional investors and hedge funds own 49.40% of the company’s stock.
A number of research analysts recently commented on ABY shares. Zacks Investment Research raised Atlantica Yield PLC from a “hold” rating to a “strong-buy” rating and set a $23.00 price target for the company in a report on Tuesday, July 11th. TheStreet raised Atlantica Yield PLC from a “d” rating to a “c-” rating in a report on Monday, June 12th. BidaskClub downgraded Atlantica Yield PLC from a “hold” rating to a “sell” rating in a report on Friday, July 7th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $23.00 price target on shares of Atlantica Yield PLC in a report on Monday, September 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. Atlantica Yield PLC has a consensus rating of “Hold” and a consensus price target of $23.00.
Atlantica Yield PLC (NASDAQ ABY) traded down 0.88% on Friday, reaching $20.24. The company’s stock had a trading volume of 255,280 shares. The firm’s market capitalization is $2.03 billion. The stock’s 50 day moving average is $20.41 and its 200-day moving average is $20.67. Atlantica Yield PLC has a 52 week low of $16.55 and a 52 week high of $22.87.
The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 31st were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, August 29th. This is an increase from Atlantica Yield PLC’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a yield of 5.09%. Atlantica Yield PLC’s dividend payout ratio (DPR) is 346.67%.
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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